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National Internal Revenue Code of 1997 5th Edition
Why we should all be concerned by falling productivity rates and how businesses should respond Improvements in productivity have driven global growth for decades. Technological advances, new ways of working, and improvements to transport and infrastructure, have all made businesses more efficient and more profitable. At the same time, rising birth rates meant that there were more young people to do the work and relatively fewer old people to draw down pensions. Worldwide, that resulted in people being better off; over the past half-century global incomes almost tripled and millions have been lifted out of poverty. It seemed as if it could go on forever.
As the New Year sets in, tax investigations which were suspended by virtue of RMC 75-2015 will also resume. Fortunately before 2015 ended, the Court of Tax Appeals (CTA) promulgated a decision which may give hope to taxpayers under investigation.
To succeed in the B2B sharing economy, businesses need to understand what drives customers who are willing to use crowdsourced and automated services LiquidSpace specialises in renting out spare office space in existing businesses by the hour, the month or longer. Users can hire space via the company’s app and be sitting in a business’s boardroom within minutes. They can add their own office space to the inventory too.
Now that the gifts have been unwrapped and the countless Christmas parties are done, we now look to the preparations for the new year. Some of us are probably still enjoying the much needed vacation while some of us are back at the office looking forward to the next set of holidays which start tomorrow. Soon after, we will bid adieu to 2015 and welcome the new year -- what better time to look back at the events that shaped our lives in the past year?
The Asia-Pacific Economic Cooperation promotes free and open trade and investment thereby increasing competition throughout the Asia-Pacific region. This makes it an opportune time to offer an attractive business environment to foreign investors.
India’s young, growing workforce and China’s ageing population put Asia’s two great economies at either end of the age dividend. In this article we explore how businesses will need to respond. Harish HV, a partner at Grant Thornton India, says giving young workers the freedom to be creative can drive innovation and growth The figures tell the story: India’s population today is around 1.3 billion, and it’s projected to reach 1.4 billion before long. More than half of that population is under 25 and with over 200 million of that segment between the ages of 18 and 25, India has a strikingly young workforce.
The presumption of regularity afforded to the revenue examiners in the assessment of taxes and the vested power of the Bureau of Internal Revenue (BIR) to unilaterally determine any deficiency tax make the playing field in the Philippine Tax System unevenly matched.
The Asia Pacific region is one of huge diversity; culturally, geographically and economically. Japan is a world leader in the automotive and technology sectors and a member of the G7. Singapore is a global financial centre that rivals London and New York. And Australia and New Zealand are sometimes considered as a region in their own right.