BKAT5023 Contemporary Issues in International Taxation by Idawati Ibrahim

BKAT5023 Contemporary Issues in International Taxation by Idawati Ibrahim https://padlet.com/ida7771/uul1jzdmkta LH191 en-us 2019-02-19 01:53:15 UTC 2019-11-24 05:53:15 UTC hello@padlet.com syda https://padlet.com/ida7771/uul1jzdmkta/wish/406665325 1.List 5 tax evasion theories

I)The Deterrence Theory
ii) Fisher et al Model
iii) Social Psychological Theory
iv) Social Exchange Theory
v) Slippery Slope Framework

2. 4 principles of good tax system
I) Certainty
ii)Economy of collection
iii)Equality
iv)Economy of collection

3. 5 Sustainable Development Goals (SDGs)
I) Quality Education
ii) No Poverty
iii) Clean Water and Sanitation
iv)Good Health and Well-being
v) Affordable and Clean Energy

4. List 3 characteristics of Labuan IOFC as a tax haven
I) Lower tax rate
ii) No withholding tax
ii) Zero sales Tax

5. What are the measures to hinder tax evasion globally.
I) International Tax Cooperation
ii) new Global AEOIu

6. Evaluate whether GST is a good system.
Yes because GST is a multistage concept of indirect tax, thus should be able to speed up the collection of tax revenue for the government.]]> 2019-11-05 04:07:39 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665325 azwani azwaniabghani https://padlet.com/ida7771/uul1jzdmkta/wish/406665330 Question 1
i)Deterrence Theory
ii)Fischer et al. Model 1992
iii)Social Psychological Theory
iv)Social Exchange Theory
v)Slippery Slope Framework

Question 2
Smith's Tax Philosophy:
i) equality
ii)certainty
iii)convenience of payment
iv)economy of collection

Question 3
SDG
i)No poverty
ii)Good Health and Well-being
iii)Quality Education
iv)Affordable and clean energy
v)Sustainable cities and communities

Question 4
i)No witholding tax
ii)lower tax rate from an offshore trading activity
Chargeable profits derived by an offshore company from an offshore trading activity are subject to tax at a rate of 3%.
iii)exempt from income tax for non-trading activity
An offshore company which carries on an offshore non-trading activity is exempt from income tax altogether.

Question 5
Measures to hinder tax evasion globally:
A.
i)legislative approach
ii)judicial approach
iii)administrative approach
B.
In line with OECD and BEPS requirement, the issue of transfer pricing need to be addressed effectively for MNCs.

Question 6
1.It is believed that the implementation of the new tax system, GST, is one of the measures to gain more revenues for the country. The more revenues gained by the government, the more benefits will be gained by nations.

2.The SST is levied at the consumer end while the GST is paid by all companies.

3.The SST is payable when consuming good while GST is payable on every transaction between companies before reaching the end consumer.

4.The Sales Tax will only be imposed on the manufacturer or consumer level, while the Service Tax is taxed on consumers that are using tax services.

5.The GST, which stands at a flat rate of 6%, while the SST rates vary from 5-10% to specific rates.

6.The GST covers everyone, while the sales tax only covers manufacturers and services tax covers certain prescribed services like professional services.

In my opinion, after giving the differences between SST and GST, GST is a better system as compared to SST.

]]> 2019-11-05 04:07:41 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665330 Zanariah https://padlet.com/ida7771/uul1jzdmkta/wish/406665343 1. 5 tax evasion theories -
i. Theory of Deterrence by Thomas Hobbes
ii. Tax Evasion Theory by Allingham & Sandmo, 1972
iii. Tax Compliance Theory
iv. Slippery Slope Framework (Kirchler, Hoelzl and Wahl, 2008).
v. Social Exchange Theory (John & Harold, 1921).

2. 4 principles of a good tax system
i. Certainty & simplicity
ii. Transparency
iii. Fairness
iv. Feasibility

3. 5 Sustainable Development Goals
i. quality education
ii. peace, justice & strong institutions
iii. affordable & clean energy
iv. gender equality
v. decent work & economic growth

4. 3 characteristics of Labuan as tax heaven country.
i. minimal, no or nominal tax liabilities on relevant income.
ii. lower tax rate (3% or RM20,000).
iii. no withholding tax.

5. What are the measures to hinder tax evasion globally?.

i. Inline with the BEPS requirement, CbCR The Country by Country Reporting was introduced to enhance the transparency for tax administration globally.
ii. In order to reduce tax gap estimation for MNCs, country have to increase the transfer pricing audit activities to hinder the tax foregone globally.
iii. Increase the tax investigation activities in order to enhance the tax system and increase the public confidence towards the tax laws & tax systems.

6. Evaluate whether GST is a good system.

GST is a good system due to:
i. GST can help the diversification of income sources for the government, instead of just relying on income tax and petroleum tax alone.
ii. it enhance tax compliance and tax transparency.
ii. it enhance Malaysia's competitiveness and improve efficiency
iii. avoid transfer pricing bias
iv. ]]> 2019-11-05 04:07:45 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665343 Hafiz mdhzmdyn https://padlet.com/ida7771/uul1jzdmkta/wish/406665345 5 tax evasion theories:
1. Deterrence theory
2 Fischer et al Model (1992)
3. Social Physological Theory
4. Social Exchange Theory
5. Slippery slope Theory

Q2:
1. Equality
2. Certainty
3. Convenience of payment
4. efficiency

Q3:
Q3. List 5 Sustainable Development Goals that relevant to taxation :
1. Quality education
2. Affordable and clean energy
3. Responsible consumption and production
4. Peace, Justice and Strong Institutions
5. Industry, Innovation and Infrastructure

Q4:
i. Lower tax rate
ii. No wothholding tax
iii. zero sales tax

5. What are the measures to hinder tax evasion globally.
i. Internal coorperation among Law enforcement agencies
ii. Automated exchange of information
iii. Empowers enforcement on audit and investigation

6. Evaluate whether GST is a good system.
GST is good tax system because:
i transparent
ii everyone cannot escape to pay tax
iii. include public or industry players in the system.

]]> 2019-11-05 04:07:46 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665345 HAIRUL SALVESON https://padlet.com/ida7771/uul1jzdmkta/wish/406665347 Q1

Slippery Slope framework
Fischer Model
Deterrence Theory
Social Psychological Theory
Social Exchange Theory

Transparency
Simplicity
Encourage economic growth
Flexibility

Decent work & economic growth
Reduce inequalities
No poverty
Quality education
Sustainable cities & communities

Minimal or no tax liabilities
Flexible incorporation & licensing requirement
Low & lack supervisory

Controlled foreign company by reducing incentive to shift income
Improving transparency by countering harmful tax practices
Mandatory disclosure rules
Mutual agreement procedure

OECD has developed BEPS 15 actions to address tax avoidance & evasion.

Q6
GST is a good system which:

Broaden tax base & transparency
Enhance country revenue collection
Reduce tax leakage
Doing business easier without the hidden taxation cost

]]> 2019-11-05 04:07:47 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665347 Amir amir_arif_zulkapli https://padlet.com/ida7771/uul1jzdmkta/wish/406665348 Q1
5 tax evasion theory:
1.Deterrence Theory
2.Fischer et al. Model 1992
3.Social Psychological Theory
4.Social Exchange Theory
5.Slippery Slope Framework

Q2
Smith's Tax Philosophy:
i) equality
ii)certainty
iii)convenience of payment
iv)economy of collection

Q3
List 5 Sustainable Development Goals (SDGs):
1. No poverty
2. Zero hunger
3. Good health and well-being
4. Quality education
5. Gender equality

Q4
3 characteristics of Labuan IOFC as a tax haven:
1. No sales tax, surtax, excise or import and export duties levied,
2. Lower tax rate 3% or RM20,000 under LBATA
3. Duties on petroleum and petroleum based products.
4.Flexible incorporation & licensing requirement

Q5
1.Strengthen enforcement
2.Increase penalty / punishment
3.Cooperate globally by exchange of Information among countries

Q6
GST is a good system because :
1.Broaden tax base
2.Increase in tax productivity
3.Minimal classification issues
4.Increase transparency
5.Eliminates the cascading effects of tax
6.Higher threshold for registration
7.Composition scheme for small business
8.Improve efficiency of logistics

]]> 2019-11-05 04:07:47 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665348 Jema'ah jemaahsedek https://padlet.com/ida7771/uul1jzdmkta/wish/406665351 Q1 : Five (5) tax evasion theories are as follows :
a. Deterrence Theory
b. Fischer et al. Model (1992)
c. Social Psychological Theory
d. Social Exchange Theory
e. Slippery Slope Framework

Q2 : Four (4) principles of a good tax systems are as follows :
a. Equality
b. Certainty
c. Convenience of payment
d. Economy of collection

Q3 : Five Sustainable Development Goals (SDG) are as follows :
a. No poverty
b. Zero hunger
c. Good health and well-being
d. Quality education
e. Gender equality

Q4 : Three (3) characteristics of Labuan IOFC as a tax haven :
a. Lower tax rate at 3% or RM20,000 under LBATA 1990 for trading activities.
b. No sales tax, excise or import duties imposed and witholding tax.
c. Exemption of income from non-trading activities.

Q5 : Measures to hinder tax evasion globally :
a. Empowers tax enforcement - tax audit and investigation. The tax authorities should apply relevant international platforms and legal basis such as OECD Guidelines, EOI, JITSIC, DTA etc.
b. Ensure that tax evasion is criminalised and penalised.
c. Increase the competency of tax investigators and auditors
d. Efficiency in tax investigation approach to ensure fairness in tax administration system to curb tax evasion.

Q6 : Evaluate whether GST is a good system
GST is a good system as one of the measures to gain more revenue to the country. It involves the input and output tax and has been widely enforced in more than 160 countries.

It broadened tax base and tax transparency to combat shadow economy. However the enforcement and management of GST should be reviewed and closely monitored to ensure the certainty of the system and increase public confidence.

]]> 2019-11-05 04:07:49 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665351 Nazri nazri8578 https://padlet.com/ida7771/uul1jzdmkta/wish/406665354 1. Five tax evasion theories are as follows:
i. Fischer et al. model (1992)
ii. Social exchange theory
iii. Slippery Slope Framework
iv. Social Psychological Theory
v. Deterrence Theory

2. Four principle of Good Tax System
i. Flexibility
ii. Utmost good faith
iii. Certainty
iv. Diversify

3. Five Sustainable Development Goals (SDG)
i. Gender Quality
ii. Life On Land
iii. Climate Action
iv. Reduced in quality
v. Quality education

4. Three Characteristic of Labuan IOFC as tax haven
i. No withholding tax, sale tax and Lower tax rate (3% tax rate)
ii. Lack of transparency obligation
iii. Minimal reporting of Information

5. The measure to hinder tax evasion globally
i. Offence and penalty
ii. Compliance tax audit and investivation
iii. increase of competency of auditor
6. GST is a good system
1. Upcoming of Common National Market
2. Elimination of Cascading Effect of Taxes
3. Increased Exemption Limit for Small traders or Service Providers
4. Small Businesses Benefit from the Composition Scheme
5. Regulated Unorganized Businesses]]> 2019-11-05 04:07:49 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665354 Khairani kyerany https://padlet.com/ida7771/uul1jzdmkta/wish/406665370 Q1: 5 tax evasion theories
1) Tax EvasionTheory (Allingham and Sandmo, 1972)
2) Slippery Slope Framework (Kirchler, Hoelzl and Wahl, 2008)
3) Fischer et al Model (1992)
4) Social Exchange Theory
5) Deterrance Theory

Q2: 4 principle of good tax system
1) Equality
2) Certainty
3) Convenient
4) Economy of collection

Q3: 5 Sustainable Development Goals
1) Zero hunger
2) Quality education
3) No poverty
4) Gender equality
5) Good health and well being

Q4: Characteristics of Labuan
1) Low tax regime - 3% tax rate on chargeable income, no witholding tax, sales tax. Import and export tax duty levied.
2) Offshore companies transact in foreign currency
3) Lack of transparency obligation
4) Financial services hub

Q5: Measures to hinder tax evasion globally
1) Country by Country Reporting in line with BEPS requirement
2) Exchange of Information among countries
3) Compliance audit on multinational companies
4) Tax treaties
5) BEPS Action Plan

Q6: Evaluate whether gst is a good system.

GST is a good system because:
1) Broaden the tax based
2) Enhance tax compliance
3) Increase transparency
4) Avoid transfer pricing, tax cascading and multiple taxation
5) Increase social welfare
6) Enhance Malaysia's competitiveness and improve efficiency

]]> 2019-11-05 04:07:56 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665370 Adlin nikadlin2712 https://padlet.com/ida7771/uul1jzdmkta/wish/406665512 Q1. 5 tax evasion theories:-
i) Fischer et al.Model (1992)
ii) Detterence Theory
iii) Social Psychological Theory
iv) Social Exchange Theory
v) Slippery Slope Framework

Q2. 4 principles of a good tax system
i) Equality
ii) Certainty
iii) Convenience of payment
iv) Economy of collection

Q3. 5 Sustainable Development Goals (SDGs)
i) Gender quality
ii) Reduced inequality
iii) Quality education
iv) Affordable and clean energy
v) Decent work and economic growth

Q4. 3 characteristics of Labuan IOFC as a tax haven
i) Lower tax rate
ii) No withholding tax
iii) Minimal reporting of information

Q5. The measures to hinder tax evasion globally through:
i) penalties should be designed to encourage compliance and prevent non-compliance
ii) Enforcement by the tax regulators
iii) Increase the competency of the tax auditors

Q6. GST is a good system because:-
i) GST (indirect taxes) can help the diversification of income sources for the government, instead of just relying on direct taxes - income tax and petroleum tax alone.
ii) For retailers, GST will not be a cost incurred, which means that there will be no hidden taxes. The overall cost of doing business because of this, as a result becomes lower, which will in turn help the export sector be more competitive.
iii) Under GST, the tax burden no longer falls on the shoulders of just one party and instead is divided equally between the manufacturing and services sector.

]]> 2019-11-05 04:08:04 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665512 mohdazwary mohdazwary1 https://padlet.com/ida7771/uul1jzdmkta/wish/406665539
1. List 5 tax evasion theories
i- Deterrence Theory
ii- Fischer et al. Model 1992
iii- Social Psychological Theory
iv- Social Exchange Theory
v- Slippery Slope Framework

2. List 4 principles of a good tax system
i- fairness
ii- certainty
iii- convenience
iv- efficiency

3. List 5 Sustainable Development Goals (SDGs).
i- No Poverty
ii- Zero Hunger
iii- Good Health and Well-being
iv- Quality Education
v- Gender Equality

4. List 3 characteristics of Labuan IOFC as a tax haven.
i- low taxes rates
ii- no witholding tax
iii- Flexible incorporation & licensing requirement

5. What are the measures to hinder tax evasion globally.
i- Strengthen enforcement
ii- Punishment and Penalty
iii- Empowers tax enforcement - tax audit and investigation

6. Evaluate whether GST is a good system.
GST was a good system

]]> 2019-11-05 04:08:12 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665539 Wee Ching Hua - 825149 alanwch https://padlet.com/ida7771/uul1jzdmkta/wish/406665569 Question 1 : Five (5) tax evasion theories are as follows :
i. Deterrence Theory
ii. Fischer et. al Model (1992)
iii. Social Psychological Theory
iv. Social Exchange Theory
v. Slippery Slope Framework

Question 2 : List 4 principles of a good tax system.
i. Equality
ii. Certainty
iii. Convenience of payment
iv. Economy of collection

Question 3 : List 5 Sustainable Development Goals (SDGs).
i. No poverty
ii. Zero hunger
iii. Good health and well-being
iv. Quality education
v. Gender equality

Question 4 : List 3 characteristics of Labuan IOFC as a tax haven.
i. No sales tax, surtax, excise or import and export duties levied
ii. Lower tax rate 3% or RM20,000 under LBATA
iii. Duties on petroleum and petroleum based products only

Question 5 : What are the measures to hinder tax evasion globally.
i. End Tax Havens - Establish a clear list of the worst tax havens, based on objective criteria, backed with powerful counter-actions, such as sanctions, to end their use.

ii. End Corporate Tax Secrecy
- Commit to introduce PUBLIC country-by-country reporting (CBCR) for all multinational companies in EACH country they operate. Ensure development finance institutions only invest in companies that have adopted responsible tax policies, for example, by publishing financial reports for every country where they do business.

iii. Competency of investigation officers to interpret and apply tax laws (Raig, 2015).

iv. End Tax Secrecy for the super rich
- Establish a public, centralized register of individuals benefiting from ownership of an asset (including shell companies, bank accounts, foundations, trusts, property etc.).
-Automatically exchange data from the central register of beneficial ownership and financial data from their financial institutions with all countries, including developing countries.

Question 6 : Evaluate whether GST is a good system.
i. GST can help the diversification of income sources for the government, instead of just relying on income tax and petroleum tax alone.

ii. For retailers, GST will not be a cost incurred, which means that there will be no hidden taxes. The overall cost of doing business because of this, as a result becomes lower, which will in turn help the export sector be more competitive.

iii. GST is also a transparent form of taxation, and reduces the number of indirect taxes incurred.

iv. GST allows businesses to show the tax applied directly in the sales invoice itself. Customers know exactly how much tax they are paying for the product or service they are purchasing.

v. Under GST, the tax burden no longer falls on the shoulders of just one party and instead is divided equally between the manufacturing and services sector.

vi.Both the Central GST and State GST will now be charged on the manufacturing cost and will only be collected at the point of sale under this GST regulation. This benefits the people because prices will be reduced which in turn helps companies when consumption is increased because of this.

]]> 2019-11-05 04:08:23 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665569 Amin aminuddin_mohdzanggi https://padlet.com/ida7771/uul1jzdmkta/wish/406665586 Q1 : Five (5) tax evasion theories are as follows :

i)Deterrence Theory
ii)Fischer et al. Model 1992
iii)Social Psychological Theory
iv)Social Exchange Theory
v)Slippery slope framework

Q2 : Four (4) principles of a good tax systems are as follows :
a. Equality
b. Certainty
c. Convenience of payment
d. Economy of collection

Q3 : Five Sustainable Development Goals (SDG) :-
a. Good health & well being
b. Gender equality
c. Zero hunger
d. Affordable and clean energy
e. Sustainable cities and communities

Q4 : Three (3) characteristics of Labuan IOFC as a tax haven :

i.Low tax rate : Chargeable profits derived by an offshore company from an offshore trading activity are subject to tax at a rate of 3% (LOBATA)

ii.a company registered under the Labuan Companies Act 1990 (and exempt from Malaysian income tax) can make an irrevocable election to be taxed under the Malaysian Income Tax Act. Under this Act, corporations are taxed at 25%, however all foreign-sourced income is exempted from tax.

iii. No withholding tax, sales tax. Import and export tax duty levied.

Q5. What are the measures to hinder tax evasion globally.
1. Strengthen enforcement
2. Punishment and Penalty
3.Empowers tax enforcement - tax audit and investigation
4.No poverty
5. Gender equality
6.OECD guidelines, tax implication and administration-

6. Evaluate whether GST is a good system.
- System collection GST batter than SST.
- GST reducing price compare SST regim increase the price
- Transparent
- Avoid transfer pricing
- The GST, which stands at a flat rate of 6%, while the SST rates vary from 5-10% to specific rates.

]]> 2019-11-05 04:08:29 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665586 Syuhairy mohdsyuhairy https://padlet.com/ida7771/uul1jzdmkta/wish/406665634 1. Tax evasion theories:
- Deterrence Theory
- Fisher et.al. Model 1992
- Social Exchange Theory
- Social Psychological Theory
- Slippery Slope Framework
2. 4 Principles of good tax system
- Equality
- Certainty
- Convenience of payment
- Economy of collection
3. 5 Sustainable Development Goals (SDGs)
- Zero Hunger
- Quality Education
- Gender equality
- Clean water and sanitation
- Life on land
4. 3 Characteristics of Labuan as tax havens
- lower tax rate 3% or RM20,000 under LBATA
- no sales tax and no withholding tax
- Lack of transparency obligation
5. Measure to hinder tax evasion globally
- wider and the penalty rate scope
- educate society
- enhance the enforcement ( Audit and Investigation activities)
- International Cooperation through Exchange of Information among the countries
6. Whether GST is a good system
- GST is a good tax system which can reduce the goods price
- tax at multi stage address the issue of transfer pricing and vertical integration
- increase in the tax productivity
- Broad the tax base

]]> 2019-11-05 04:08:45 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665634 Petrus pet2vee https://padlet.com/ida7771/uul1jzdmkta/wish/406665642 1. List 5 tax evasion theories:
i) Tax Evasion theory
ii) Deterrence theory
iii) Slippery slope framework
iv) Social exchange theory
v) Social physiological theory

2. List 4 principles of good tax system:
i) Equality
ii) Certainty
iii) Convenience of payment
iv) Economy of collection

3) List 5 Sustainable Development Goals (SDGs)
i) Quality education
ii) decent work and economic growth
iii) reduced inequalities
iv) Responsible consumption and production
v) industry, innovation and infrastructure

4) List 3 characteristics of Labuan IOFC as a tax havens:
i) Lower tax rate (3% tax rate or RM20,000)
ii) Zero sales tax and no GST for Labuan company.
iii) No withholding tax on dividend, interest, management fees, royalty and technical fees paid to non resident.

5) What are the measures to hinder tax evasion globally.
i) 15 Base Erosion Profit Scheme (BEPS) project
ii) Audit and Investigation activities and strengthening money laundering act
iii) TAX CRIMES : EOI & The Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC)
iv) Common reporting system
v) Country-by-country reporting

6) Evaluate whether GST is a good system
GST is a good system because it can broaden the government revenue. It is a multi stage tax system where all the parties related have to be registered and indirectly comes into the tax net. This is a good measures whereby it can combat the existence of shadow economy. It also serve as a checking tools for income tax authorities to evaluate any tax evasion done by tax payers. ]]> 2019-11-05 04:08:48 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665642 Bernard bern7781 https://padlet.com/ida7771/uul1jzdmkta/wish/406665662 1.List 5 tax evasion theories:
i.Deterrence theory
ii.Fischer et al. Model (1992)
iii.Social Psychological Theory
iv.Social Exchange Theory
v.Slippery Slope Framework
2.List 4 principles of a good tax system
i.Equality
ii.Certainty
iii. Convenience of payment
iv.Economy of collection
3.List 5 Sustainable Development Goals (SDGs)
i.No poverty
ii.Zero Hunger
iii.Good Health and well being
iv.Quality Education
v.Gender Equality
4.List 3 charateristic of Labuan IOFC as a Tax Haven
i. Low Tax rate - 3% 0r Rm20,000 and no audited account
ii. Minimal reporting of information
iii.lack of transparency obligation
iv.Lack of Local presence requirements
5. What are the measures to hinder tax evasion globally.
i.Scope of tax audit and investigation-Financial reporting standard (MFRS vs Tax implication)
ii.Impact of tax audit and investigation on compliance behaviour
iii.Using third-party information to pre-filled returns
iv.Co-operative compliance
v.OECD guidelines, tax implication and administration-
6.Evaluate whether GST is a good system
GST is a good system whereby not only Malaysia implementing GST ]]> 2019-11-05 04:08:57 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665662 Exercise Dr Ida ida7771 https://padlet.com/ida7771/uul1jzdmkta/wish/406665686 1. List 5 tax evasion theories.
2. List 4 principles of a good tax system.
3. List 5 Sustainable Development Goals (SDGs).
4. List 3 characteristics of Labuan IOFC as a tax haven.
5. What are the measures to hinder tax evasion globally.
6. Evaluate whether GST is a good system.

]]> 2019-11-05 04:09:08 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665686 Juliana juedin77 https://padlet.com/ida7771/uul1jzdmkta/wish/406665716 Q1. List 5 tax evasion theories
1. Deterrence Theory
2. Fischer et al. Model
3. Social Psychological Theory
4. Social Exchange Theory
5. Slippery Slope Framework

Q2. List 4 principle of a good tax system.
According to Smith's Tax Philosophy, there is 4 principle for a good tax system:
1. Equality
2. Certainty
3. Convenience of payment
4. Economy of collection

Q3. List 5 Sustainable Development Goals (SDGs).
SDG that relevant to taxation :
1. Quality education
2. Affordable and clean energy
3. Responsible consumption and production
4. Peace, Justice and Strong Institutions
5. Industry, Innovation and Infrastructure

Q4. List 3 characteristics of Labuan IOFC as a tax haven.
1. No sales tax, surtax, excise or import, export duties levied.
2. Lower tax rate 3% or RM20,000 under LBATA
3. Minimal reporting

Q5. What are the measures to hinder tax evasion globally.
1. Exchange of Information among countries.
2. Strengthen the Controlled Foreign Company rules so nations can prevent taxpayers from shifting income into foreign subsidiaries
3. Countries have to standardized approach to transfer pricing documentation, including country-by-country reporting, to assist tax administrators to identify risks.

Q6. Evaluate whether GST is a good system.

1. Fair Pricing to Consumers

GST eliminates double taxation under SST. Consumers will pay fairer prices for most goods and services compared to SST.

2. Fairness and Equality

With the GST, taxes are levied fairly among all the businesses involved, whether they are in the manufacturing, wholesaling, retailing or service sectors.

3. Greater Transparency

Under GST, we would know exactly whether the goods they consume are subject to tax and the amount they pay for.

4. Improved Standard of Living

In the ideal situation, the revenue from GST could be used for development purposes for social infrastructure like health facilities and institutions, educational infrastructures and public facilities to further improve the standard of living.

]]> 2019-11-05 04:09:20 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665716 Saravana saravana6291 https://padlet.com/ida7771/uul1jzdmkta/wish/406665789 5 Tax Evasion Theories
a. Deterrence Theory
b. Fischer Et. Al. Model 1992
c. Social Exchange Theory
d. Social psychology theory
e. Slippery slope framework

4 principles of a good tax system
a. Fairness
b. certainty
c. convenience
d. efficiency

5 Sustainable development goals
a. No poverty
b. zero hunger
c. quality education
d. clean water and sanitation
e. affordable and clean energy

3 characteristics of Labuan IOFC as a tax haven.
i.No sales tax, surtax, excise or import and export duties levied
ii.Lower tax rate 3% or RM20,000 under LBATA
iii.Duties on petroleum and petroleum based products only

What are the measures to hinder tax evasion globally
a. Automatic Exchange Of Information (AOEI)
b. International cooperation
c. good tax administration and regulations.
d. BEPS and profit shifting avoidance studies by OECD

Evaluate whether GST is a good system

GST helps tax administration to detect businesses that are conducted in Malaysia and is very helpful in detection and registration of businesses for taxation purposes. GST also helps in increasing the government revenue, and is easy to manage and monitored by tax officials. It reduces the risk of tax evasion by business entities, especially B2B and B2C. It is also helpful for tax administrations for the monitoring and auditing tasks.]]> 2019-11-05 04:09:48 UTC https://padlet.com/ida7771/uul1jzdmkta/wish/406665789 Aizat aizatibrahim1204 https://padlet.com/ida7771/uul1jzdmkta/wish/406666208 1. 5 tax evasion theories are:
i. Deterrence Theory
ii. Slippery Slope Theory
iii. Fischer et al. Model
iv. Social Exchange Theory
v. Social Psychological Theory

2. 4 principles of good tax system are:
i. equality
ii. certainty
iii. convenience of payment
iv. economy of collection

3. 5 sustainable Development Goals are:
i. quality education
ii. zero hunger
iii. good health and well being
iv. affordable and clean energy
v. industry, innovation and infrastructure

4. 3 characteristics of Labuan IOFC as tax haven are:
i. there is no sales tax
ii. lower tax rate at 3% for corporate tax
iii. no with holding tax imposed for capital gains, dividends, interests and royalties

5 . Measures to hinder tax evasion globally :
i. provide adequate information and resources for tax crime investigation via EOI
ii. BEPS project
iii. International taskforce

6. GST is a good system if the implementation is held according to its principles. it is direct tax without additional rates. It is less complexity and easy to adopt.

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