...the amount or percentage of property tax revenue that comes from owners of Habitat for Humanity houses in a particular municipality. Discuss complexity of this activity. In order to properly asses the percentage of property tax revenue that comes from owners of Habitat for Humanity houses you must look at them as if they came from a “normal” house within that area. To calculate the property tax percentage, the city/county responsible for receiving the payments will take the assessed value of the property and multiply it by the mill rate. Afterwards they will divide it by 1,000 (Mikesell, 2010). The mileage rate (also known as the mill rate) is the amount of tax per thousand dollars of the property value. Based on the municipality of Northern Virginia, property owners in this area are assessed at a high rate. This in turn causes the owners to pay a higher property tax than homeowners in other parts of the state regardless of the financial stability or ability to pay the higher cost. In this activity the high property tax is not necessarily the problem, but the owners of homes bought through Habitat for Humanity, and their lack of financial resources to pay the property tax. In this area (Alexandria, VA), the local government does not distinguish between income of the individuals within a household, but the value of house. So Kesha James, who averages around $28,00 a year is barley able to make the monthly payments on her house whose property tax continues to rise. Two...
Words: 1126 - Pages: 5
...Expository Essay COM/150 – Essay Writing 02/22/2013 Jennifer Preus Have you or a loved one recently lost your job? Have you found yourself wondering how you’re going to pay rent or a mortgage payment this month? Have you had to rely on outside sources to help supplement your food and utility expenses? In 2012, over 5.4 million workers left the job market entirely (Folks, 2013) and are now facing housing crises. As the demand for affordable housing continues to grow as adults are unable to find work, many Americans are facing homelessness and have no affordable housing available to them. All across America, more people are finding themselves homeless. Whether in big cities or small urban towns, the homeless rate continues to grow as the inability to pay for affordable housing grows. The number of people paying more than fifty percent (50%) of their income toward rent increased by more than six percent (6%) from 2009 to 2010. The United States Housing and Urban Development (HUD) classify those paying that high of a percentage as “severely housing cost burdened”. In a survey conducted by the Low Income Housing Information Service, more than 17.6 million households with children experience at least one major housing problem, meaning that one out of every two households with children in this country experience an issue with housing (Kaufman, 2013). Per The National Alliance to End Homelessness (2012) the national rate of homelessness was 21 homeless people per 10,000...
Words: 1828 - Pages: 8
...MASTER MINDS - QUALITY EDUCATION BEYOND YOUR IMAGINATION 28. Wealth Tax Act, 1957 ChargeabilitySec.3: Wealth tax is charged for every assessment year in respect of the net wealth on the corresponding valuation date of every Individual; Hindu Undivided Family and Company at the rate of 1% of the amount by which the net wealth exceeds Rs.15 Lakhs. Education Cess of 3% is not leviable on the amount of Wealth Tax. Applicability of wealth tax: 1. Individual: The following persons treated as ‘individual’ u/s 3 of the wealth tax. a) Legal hires of an Individual. b) Holder of an impartible estate. c) Hindu deities (it means formal a god/goddess ) d) Trustees of a trust who are liable u/s 21A. e) Trade unions 2. HUF 3. Company 4. AOP chargeable u/s 21AA : Situation Shares of members of an AOP are determinate or known. Shares of members of an AOP are indeterminate or unknown. Wealth Tax assessment Interest of members in the assets of the AOP shall be valued as per Rule 16 and 17 of Schedule III. Wealth tax is levied on the AOP. It is liable to tax at the rate leviable upon and recoverable from an individual who is any Indian citizen and resident. Valuation Date: Sec.2 (q): It refers to the 31st March immediately preceeding the assessment year. This provision does not apply to – a. Company registered U/s 25 of the companies Act, 1956 b. Cooperative society and c. Any social club d. Any political party e. Any mutual fund U/s 10(23D) CHARGEABILITY Individual ...
Words: 12386 - Pages: 50
...not the last injustice done by religious organization in the new world. The framers of the United States constitution granted the right to freedom of religion among others. But all rights are limited; they cannot be exercised if they infringe upon another’s rights. Furthermore, despite claims of separation of church and state Christianity continues to take precedent over the rights and liberties of many citizens. Today one of the chief injustices regarding religion in America is tax exemptions for religious organizations. Proponents of tax exemption for religious organizations claim that there is no breach of separation of church and state. This claim is made on the grounds that by not taxing religious organizations they are not affiliating with them; therefore separation of church and state is attained. This logic is flawed to an unbelievable extent. The government electing not to tax religious organizations is not separation, but clear cut favoritism. Regular nonprofit organizations receiving tax exemptions are subject to IRS scrutiny and must file a detailed 990 statement cataloguing where the money has been spent (Taxthechurches 1). For religious organizations this requirement is waived, opening up a myriad of problems associated with this lack of supervision. Some churches...
Words: 2395 - Pages: 10
...TRAINING REPORT ON “Growth of Real Estate Sector with in 5years” A case of Corporate Real Estate Solutions Submitted to MAHARSHI DAYANAD UNIVERSITY, ROHTAK In partial fulfillment of the requirements For the award of the degree of MASTER OF BUSINESS ADMINISTRATION (INDUSTRY INTEGRATED) (II SEMESTER) Submitted by: Name: Alok Kumar Upadhayay Regn. No. Roll.No. DAV INSTITUTE OF MANAGEMENT (ELC CODE: 080923013) NH-3, NIT, FARIDABAD. JULY 2011 DECLARATION I hereby declare that the Training Report conducted at Corporate Real Estate Solutions,Delhi. Under the guidance of (Ms. Aakrity) Submitted in Partial fulfillment of the requirements for the Degree of MASTER OF BUSINESS ADMINISTRATION (Industry Integrated) TO MAHARSHI DAYANAND UNIVERSITY, ROHTAK is my original work and the same has not been submitted for the award of any other Degree /diploma /fellowship or other similar titles or prizes. Place: Date: Alok Kumar Upadhayay Regn.No: Roll No. 2 ACKNOWLEDGEMENT First and foremost, I extend my deepest thanks to my mentor and guide Mr. Vishal Srivastava, Director – Corporate Real Estate Solutions, for giving me this opportunity to work in such a prestigious organization as well as for giving me a wonderful thesis. Without his constant guidance and feedback, I would have never been able to complete the training, I did. I am thankful to Ms. Aakrity, whose consistent support and cooperation showed the way towards the successful completion of the thesis...
Words: 15995 - Pages: 64
...exploration as one of its secondary purposes. With the change of its primary purpose, iPeople’s main interests are centered on education and information technology led by Malayan Colleges, Inc. - Operating under the name Mapua Institute of Technology (MCI), Pan Pacific Computer Center, Inc. (PPCCI), and People eServe Corporation. The operations of Mapua are divided among the following companies: Malayan Colleges, Inc. (MCI) with campuses in Intramuros and Makati; Mapua Information Technology Center (MITc); Mapua Techserv, Inc. (Mapua Techserv); San Lorenzo Ruiz Institute of Health Sciences, Inc.; Malayan High School of Sciences (formerly Pandacan Properties, Inc.); and Malayan College Laguna, Inc (MCLI) led by a Mapua School of Engineering in Laguna. iPeople is a member of the Yuchengco Group of Companies ("YGC"). It is a subsidiary of House of Investments, one of the flagship companies of the YGC, with interests in construction, memorial parks, agriculture, among others. The YGC has strong presence in several industries, including but not limited to Banking (RCBC), Insurance (Grepalife, Malayan Insurance), and Manufacturing and Dealership of Motor Vehicles (Honda and Isuzu). 1989 - The company was incorporated as Petrofields Corporation and Development Company on July 27, 1989 by Benguet Corporation to primarily deal with oil exploration projects. It continued on with its operations as an oil...
Words: 8609 - Pages: 35
...FEDERAL INCOME TAXATION ACC-421-GS Course Syllabus FEDERAL INCOME TAXATION ACC-421-GS ©Thomas Edison State College January 2008 Course Essentials Federal Income Taxation is a one-semester course designed to help you learn the basics of federal income taxation of individuals. The course covers the basic tax calculations, filing status, gross income inclusions and exclusions, gain and loss recognition, business and personal deductions, tax credits, and filing requirements. It also looks briefly at the taxation of partnerships, as well as that of corporations and special “S corporations.” Objectives By successfully completing the learning activities of the course, including careful study of the textbook, use of chapter self-tests, and problem solving, you should be able to: 1. Apply all steps in preparing individual taxable income and tax. 2. Indicate which items are included in income and which items are excluded. 3. Recognize deductible business expenses and nonbusiness deductions. 4. Calculate depreciation, bad debts, and losses. 5. Apply the rules for capital and ordinary gain and loss recognition. 6. Demonstrate conversance with available individual tax credits. 7. Articulate the fundamentals of the taxation of corporations and partnerships. Course Syllabus—Course Essentials S-3 Required Textbook In addition to the Course Syllabus, which consists of “Course Essentials,” “Course Calendar,” “Written Assignments,” and two appendixes, you will need the following...
Words: 10467 - Pages: 42
...World History Dr. Mahdavi History 101 Fall 2012 Study Guide For Mid-Term Examination The examination will consist of 5 essay questions of which one is mandatory to write upon (40 points). You may choose any other two to write about (30 points each) for a total of 100 points 93 - 100 A 73 - 76 C 90 - 92 A- 70 - 72 C- 87 - 89 B+ 67 - 69 D+ 83 - 86 B 63 - 66 D 80 - 82 B- 60 - 62 D- 77 - 79 C+ 59 or below F=0 In reviewing for the examination, focus your study on the following general topics: 1) 1.Examine the centralizing efforts in countries like France, Spain, and England. How and in what ways were they successful? Why was the Holy Roman Empire not as successful as other European states in centralizing power? 1. 2) Examine the career of Martin Luther. 1:What were the foundations of his Reformation? 2: What legacy did he leave Europe? (Bentley & Zeigler, Chap. 23) A: 1: POLITICAL INTRIGUES, COMBINED WITH THE CHURCH’S GROWING WEALTH AND POWER, ALSO FOSTERED GREED AND CORRUPTION, WHICH UNDERMINED THE CHURCH’S SPIRITUAL AUTHORITY AND MADE IT VALNERABLE TO CRITISISM. 2: IT LED TO THE CHURCH REFORM ALONG TO LUTHERS TEACHINGS, WHICH MANY CITIES PASSED LAWS PROHIBITING ROMAN CATHOLIC OBSERVANCES AND REQUIRING RELIGIOUS SERVICES TO FOLLOW PROTESTANT DOCTRINE AND PROCEDURE. 3) Learn about the Scientific Revolution and 1:why the early discoveries of the Scientific Revolution met with such resistance? 2:...
Words: 2592 - Pages: 11
...CORPORATE STRUCTURE GROUP CORPORATE STRUCTURE 13 00 GROUP FINANCIAL HIGHLIGHTS GROUP FINANCIAL HIGHLIGHTS 14 00 PROFILE OF DIRECTORS PROFILE OF DIRECTORS 18 00 CORPORATE GOVERNANCE STATEMENT CORPORATE GOVERNANCE STATEMENT 24 00 CORPORATE SOCIAL RESPONSIBILITY STATEMENT CORPORATE SOCIAL RESPONSIBILITY STATEMENT 26 00 STATEMENT OF DIRECTOR’S RESPONSIBILITIES STATEMENT OF DIRECTORS’ RESPONSIBILITIES 27 00 ADDITIONAL COMPLIANCE INFORMATION ADDITIONAL COMPLIANCE INFORMATION 28 00 STATEMENT ON INTERNAL CONTROL STATEMENT ON INTERNAL CONTROL 31 00 AUDIT COMMITTEE REPORT AUDIT COMMITTEE REPORT 35 00 FINANCIAL STATEMENTS FINANCIAL STATEMENTS 02 00 LIST OF PROPERTIES 1 LIST OF GROUP’S PROPERTIES 05 00 ANALYSIS OF SHAREHOLDINGS 1 ANALYSIS OF SHAREHOLDINGS PROXY FORM - ENCLOSED PROXY FORM - ENCLOSED ONE South ONE South, the latest mixed development in Seri Kembangan, Selangor which comprises of shop offices, service apartments and office towers. This new development is strategically located along the KL-Seremban highway and right next to Besraya highway. The ground floor suits an array of retail lots, ranging from lifestyle outlets, boutiques to health care centres and supermarkets. Future shoppers and those working at One South will be able to enjoy its shuttle bus service to Serdang KTM, Bukit Jalil LRT and Sg. Besi LRT; the commercial district will be equipped with Wi-Fi...
Words: 41142 - Pages: 165
...such thing as society’ 4 Thatcher in power 12 Labour and the big crash 15 the Big society concept 22 Conclusion 25 Bibliography ‘There is no such thing as society’ ‘There is no such thing as society;’ this one sentence spoken by Margaret Thatcher in an interview to woman’s own in 1987 was seen by her many critics as capturing the essence of her political mission. They believed that she wanted to remove the sense of community in Britain. The Thatcher ethos was seen as negativity towards the state’s role in people’s lives that it was up to each individual to look after him or herself. The Thatcher era was seen by many as about winners and losers, the winners were well rewarded with lower taxes, a property boom, rising wages, opportunities to purchase council houses and shares in the privatized companies at discount rates. If you had a job and money under the Thatcher government, there was multitude of opportunities. Whilst those who were without jobs and were dependant on welfare saw industries such as manufacturing decreasing in size, welfare payment cut in size, training being either cut or unfunded. They were expected to pay catch up with the winners on their own initiative without much help from the government. Much of the opposition came from the left, who Thatcher herself had little time for and one of her main objectives was the removal of socialism. Thatcher saw socialism as the polar opposite to her beliefs that people should first and foremost look after themselves...
Words: 8723 - Pages: 35
...An Essay on Economic Theory An English translation of Richard Cantillon’s Essai sur la Nature du Commerce en Général An Essay on Economic Theory An English translation of Richard Cantillon’s Essai sur la Nature du Commerce en Général Translated by Chantal Saucier Edited by Mark Thornton 4 An Essay on Economic Theory © 2010 by the Ludwig von Mises Institute and published under the Creative Commons Attribution License 3.0. http://creativecommons.org/licenses/by/3.0/ Ludwig von Mises Institute 518 West Magnolia Avenue Auburn, Alabama 36832 mises.org ISBN: 978-1-61016-001-8 Foreword Robert F. Hébert Following a century of neglect, William Stanley Jevons, in the first blush of discovery, proclaimed Cantillon’s Essai, “the cradle of political economy.” Subsequent growth and development of economic thought has not really alerted us to the subtleties of this succinct appraisal. A cradle holds new life; and there can be little doubt that the Essai added new life to the organizing principles of economics. But “political economy” does not accurately describe the subject Cantillon addressed. Indeed, he scrupulously avoided political issues in order to concentrate on the mechanics of eighteenth-century economic life. When confronted by “extraneous” factors, such as politics, Cantillon insisted that such considerations be put aside, “so as not to complicate our subject,” he said, thus invoking a kind of ceteris paribus assumption before...
Words: 66839 - Pages: 268
...report 2012 annual HOL DI N G S L I M I T E D report 2012 annual H O L D I N G S L I M I T E D contents O4 16 1O LIKE READING O6 21 chairman’s statement corporate information 12 group structure board of directors corporate highlights 34 35 26 operating and financial review investor relations and financial calendar corporate governance report 48 financial contents 04 Popular Holdings Limited ed Annual Report 2012 Like Reading LIKE READING become a publisher of textbooks, arts and literary books as well as magazines for children and adult. During his life, he published notable works on Chinese Literature from Malaysia as well as stories for youth: The Historical Scripts of New Chinese Literature in Malaysia ( ), Nanyang Digest ( ), Nanyang Literature ( ), World Youth ( ) and World Children ( ). Such publications were welcomed by readers, young and old. They were knowledge and cultural nourishment dearly needed at that time. In the 1980s, the education in Singapore and Malaysia took a sharp and critical turn, resulting in the decline of Chinese language. The current Chairman of POPULAR, Mr Chou Cheng Ngok, remains resolute in upholding the mission of his father to preserve the heritage of the Chinese culture. Starting in 2006, POPULAR has been organising the annual BookFests in Singapore, Malaysia and Hong Kong. In doing so, POPULAR continues to attract not only regular POPULAR customers but...
Words: 41217 - Pages: 165
...Topic Two: Human Rights Rights The nature and development of concepts of human rights. State sovereignty, ‘natural law’ doctrine, historic constitutional documents, movement for slavery abolition, trade unionism, universal suffrage and universal education Human Rights Human rights are the basic rights to which all human beings are entitled to. The most recognized document in modern human rights is the Universal Declaration of Human Rights, created by the UN. Human rights can be said to come from the idea of ‘natural law’. Natural Law Doctrine is the idea that some laws come from God or higher reasoning whether they have been written down or not. State sovereignty State sovereignty refers to the power of a state to have control over its territory and its subject. It’s important for protecting human rights because it means someone whose rights are being abused can flee to a safe country for protection. Because it restricts the actions of neighbours and other concerned states, also allows human rights abuses to go unpunished within the boundaries of a state. Movement for the Abolition of Slavery Slavery is the state of being under the control of another person. Trade Unionism Trade unionism is the collective organisation of workers formed to protect the rights of individuals from the power exercised by employees. The benefits of trade unionism include: * Prevention of child labour * Prevention of forced labour * Fair treatment of workers ...
Words: 14719 - Pages: 59
... The Condensed Wealth of Nations and The Incredibly Condensed Theory of Moral Sentiments Eamonn Butler The Adam Smith Institute has an open access policy. Copyright remains with the copyright holder, but users may download, save and distribute this work in any format provided: (1) that the Adam Smith Institute is cited; (2) that the web address adamsmith. org is published together with a prominent copy of this notice; (3) the text is used in full without amendment [extracts may be used for criticism or review]; (4) the work is not re–sold; (5) the link for any online use is sent to info@adamsmith.org. The views expressed in this report are those of the author and do not necessarily reflect any views held by the publisher or copyright owner. They are published as a contribution to public debate. © Adam Smith Research Trust 2011 Published in the UK by ASI (Research) Ltd. ISBN: 1–902737–77–6 Some rights reserved Printed in England Contents 1 Introduction 2 The Condensed Wealth of Nations Book I: Economic efficiency and the factors of production Book II: The accumulation of capital Book III: The progress of economic growth Book IV: Economic theory and policy Book V: The role of government 3 The Incredibly Condensed Theory of Moral Sentiments 4 Further reading 9 32 42 47 59 77 84 4 7 1 Introduction Adam Smith’s pioneering book on economics, The Wealth of Nations (1776), is around 950 pages long. Modern readers find it almost impenetrable: its language is flowery, its...
Words: 23406 - Pages: 94
...Real Estate Development and Investment Founded in 1807, John Wiley & Sons is the oldest independent publishing company in the United States. With offices in North America, Europe, Australia and Asia, Wiley is globally committed to developing and marketing print and electronic products and services for our customers’ professional and personal knowledge and understanding. The Wiley Finance series contains books written specifically for finance and investment professionals as well as sophisticated individual investors and their financial advisors. Book topics range from portfolio management to e-commerce, risk management, financial engineering, valuation and financial instrument analysis, as well as much more. For a list of available titles, please visit our Web site at www.Wiley Finance.com. Real Estate Development and Investment A Comprehensive Approach STEPHEN P. PECA John Wiley & Sons, Inc. Copyright # 2009 by Stephen P. Peca. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance...
Words: 80543 - Pages: 323
