Monday, January 27, 2020

Beliefs of Malcolm X

Beliefs of Malcolm X Cheyanne Ratliff 1. When Malcolm X believes when he receives an X is that it is an ex form of himself. He elaborated by saying that it is supposed to [replace] the white slave master name of little which some blue-eyed devil named Little had imposed on my paternal forebears, (MX, 229). His statement is correct because many of the African Americans in America were brought over from Africa by Europeans. This means that it was not the identity of his oppressor, but of the black man himself. Although they used this excuse, there was a bit of a social privilege to not being truly African. On page 4, Malcolm X states that [m]ost Negro parents in those days would almost instinctively treat any lighter children better than they did the darker ones. It came directly from the slavery tradition that the mulatto, because he was visibly nearer to white, was therefore better, (MX, 4-5). What this suggests is the impact the white slave owners have had on the ancestors of blacks and how they have been raised to thin k like that. It means that those who are lighter tend to have a higher social privilege because of how slave owners implied that if you were lighter, you were whiter. 2. Malcolm describes how the black people are tired of the treatment of colored men and women by the police, also known as police brutality. In MX, he states that [i]t is a miracle that 22 million black people have not risen up against their oppressors-in which they would have been justified by all moral criteria, and even by the democratic tradition, (MX, 251). This states that Malcolm is surprised about how the black Americans have not risen up yet against their oppressors the police. Although it seems as if the police have been nothing but brutal towards black Americans, that does not always seem to be the case. In the chapter Black Muslims, Malcolm states that [l]aw agencies once had scoffed at our nation as black crackpots; now they took special pains to safeguard against some white crackpots causing any incidents or accidents, (MX, 252). This supports the rebuttal because it shows how although the police always seemed more hostile and aggressive towards the black people of that time, they eventually managed to see that black people needed protection too, just as the white man needed. 3. What Malcolm X is doing is he is finding the differences between segregation and separation. On page 250 of MX, he describes segregation as when your life and liberty are controlled, regulated, by someone else, (MX, 251) and separation as that which is done voluntarily, by two equals- for the good of both, (MX, 251). The difference that Malcolm X is pointing out is that with segregation, you are regulated by somebody else, compared to separation, which is when you are regulated by yourself. This conveys the wishes that many black Americans have because many of them wish to not be controlled by the white man. Although they were segregated, they still had control over their own lives. Theoretically, they let the white man back them into a corner, which then calls for them to attack and lash back in order to protect themselves and/or their community. In the book Things Fall Apart, Okonkwo let the white Christian missionaries back him into a corner, which then caused him to lash out a nd kill himself in order to protect himself and his community. Theoretically, if they had refused the push of the white man towards that corner, they could have easily been on a faster track to equality. 4. This statement is valid because it shows how the black Americans have never been free to actually act for themselves in the sense of controlling their own communities. Similar to the last question, they have been backed into a corner. He states that separation is when that which is done voluntarily, by two equals- for the good of both, (MX, 251). Because the blacks are not able to completely separate from the white people, they cannot reach their full potential and power. This relates to when a dog is abused by its owner, then they can never really function by their own means. 5. Malcom X is describing how the black hustler in the ghetto jungles has to survive. By saying the ghetto hustler is the most dangerous black man in America (MX, 318), he is talking from experience AND what he has observed. On page 173, Malcolm X describes his observations as scary because it had taught [him] in a very few minutes to have a whole lot of respect for the human combustion that is packed among the hustlers and their young admirers who live in the ghettoes where the Northern white man has sealed-off the Negro-away from whites-for a hundred years, (MX, 318-319). What quotation suggests is that these young people who admire the hustlers, those who are considered the most dangerous black [men] in America (MX, 318) are considered that because they have the most influence upon the youth, which is the next generation. This means that because the black hustlers depend on the youth, this is how they survive and keep that black hustler legacy going. Although this may suggest that this is where all of their power comes from in order to survive, it is not. Earlier in the book, Malcom X describes his own accord of how it works; I was a true hustler-uneducated, unskilled at anything honorable, and I considered myself nervy and cunning enough to live by my own wits, exploiting any prey that presented itself, (MX, 111). This quote from himself suggests that he lived by his own wits because he thought he was all that, and he became very popular among the ranks. What this quote makes people realize is that power comes from within, and that when you create an image of yourself, that power inside of you is what causes that image to come true. 6. What Malcolm X is differentiating between is the stereotype of how a white man acts like, and what a black man acts like. What this suggests is that black people, in order to be accepted, they depend upon the stereotype of the white man and decide to try and follow that to be accepted. An example of this is when Malcolm X states that [t]he only difference was that the ones in Boston had been brainwashed even more thoroughly. They prided themselves on being incomparably more cultured, cultivated, dignified, and better off than their black brethren down in the ghetto, which was no further away than you could throw a rock. Under pitiful misapprehension that it would make then better, these Hill Negroes were breaking their backs trying to imitate white people, (MX, 42). This suggests that black people will try to imitate white people in order to seem more appealing to them. The quotation describes how societal pressures were even more severe than they are today. Before coming to a con clusion though, we must consider how the white man did not always intentionally discriminate. On page 174 of MX, he describes the cause of the black mans condition was because of the white mans society [being] responsible for the black mans condition in this wilderness of North America. This quotation says that although there is social pressures from the white man, his society implements even more social pressures than the white man does himself. It suggests that the black community itself is more socially pressuring than the white mans community is at times. A connection to this is from the book The Pearl by John Steinbeck, when the richer society who lived inside the gate had societal pressures pushed upon those who live outside the wall, those who lived outside of the wall developed even stronger, negative societal pressure that basically said if you dont live inside the wall youre unsuccessful. This eventually pushed Kino to go crazy, just because he wanted money to get into the inside of the wall. Those snooty black brethren who stuck their noses up at their brothers and sisters in the ghettoes were like Kino, and they drove themselves crazy trying to fit into an ideal placed in their heads by themselves and those around them. 7. To begin with, Hajj means pilgrimage. In order for Malcolm X and all separationists (in MXs eyes) to achieve their goal, they must remain united. In the book, Malcolm X says that for the black man in America the only solution is complete separation from the white man, (MX, 250) and that Islam is the hope for justice and equality in the world we must build tomorrow, (MX, 241). Malcolm X here basically says that we must separate from the white men and all join Islam in order to complete their destined pilgrimage. Although this seems like the perfect solution, this is far from it. This was similar to when Hitler believed that there was only one pure race and that they should all be separated to be perfect, just as Malcolm X believed that there was only one way that black people could be perfect, and that was separated under the state of Islam. This is a one right way mindset that could potentially be dangerous if it is not handled properly. 8. America is seem as a major place full of discrimination in all parts of the world. To support this, Malcolm X states that they called them [h]ate teachers violence seekersblack racists black fascists anti-Christian possibly communist inspired, (MX, 243). This all started because of a few racist whites had collected footage and lied about the intentions of Malcolm X and Mr. Muhammad. This is a prime example of how the Americans perceived them beause they were not only black, but also Muslim. Although this produced hate and more discrimination, it made black Muslims stronger and more powerful. This is similar to how people saw the Baton Rouge bus boycott of 1953 as a bad thing, but really it made those boycotting even stronger and more powerful. It did that because it eventually made people realize hey maybe this is wrong. Although this is not the case in MX, the amount of attention is similar to the amount pf attention that the bus boycott got in 1953. 9. When Malcolm X suggests when he says thinking internally is that the American power structure does not want them to realize how powerful they could be. Malcolm X describes this behavior as selfish when he says he loves himself so much that he is startled if he discovers that his victims dont share his vainglorious self-opinion, (MX 243). What this means is that if the white man pressures black people into believing one thing about themselves, and the black people do not agree, then the white man would lash out, almost like an angry toddler. A connection to this is similar to when Donald Trump tries to convince people of one thing, and when they dont believe it, he turns into a crybaby. But, this is not always the case. On page 318, MX describes the ghettoes, and how the people within them are preconditioned to think that they must fight to survive. What this suggests is that the white mans tactics had been successful and basically cornered them into believing this is where they be long. This is a similar example to when you keep telling a dog that it is a bad dog. It is eventually going to believe that and not try to change that mindset. 10. When Malcolm X writes that the seeds of racism are so deeply rooted many whites are even unaware of their own racism( MX, 369-370) , he is basically saying that the hate of blacks has been passed on for so long, it has practically become tradition. And with tradition, there is always a wish for change, so blacks were always pushed to become lighter or to act more white. In The Autobiography of Malcolm X, Malcolm X says I remember that I thought that it looked as if my fathers strong black face had been dusted with flour, and I wished they hadnt put on such a lot of it (MX, 11). What MX is saying by this is that he wished that they wouldnt have tried to have his father look lighter because it strayed the thought of his strong, deep ebony father he had etched into his mind. This could be related to how when certain family members die, their kids do not want certain things done to those family members because it takes away from the thought of them they already have in their heads. B ut, sometimes the families will go against embracing their loved ones wishes. For example, on page 8 of The Autobiography of Malcolm X, MX talks about how his ) mom would make him go outside to [l]et the sun shine on [him] so [he] can get some color. (MX, 8). What this suggests is that even though MX was okay with his skin color and the lightness/darkness of it, his mother still pressured him to get MORE color because that was her tradition, or hoe she was raised. This is similar to how President Obama had to think about his traditions and values before he made any decisions, like all presidents have done/ will do. 11. MX is basically suggesting that this mass genocide had welcomed them into the system, and now they needed to be accepted. The best way to be accepted though, in MXs eyes, was to revolt. On page 375 he praises the revolt saying that the negroes so-called revolt is merely an asking to be accepted into the existing system! (MX, 375). This suggests that the black people believe that they have to fight their way to earn recognition and respect within the system, like they grew up believing. This is similar to how many of the young hustlers grew up seeing pimps and hustlers fighting in the streets to survive, learning from them how they need to fight to survive like that too. But, even though they needed to fight to get into the system, there were many placed throughout the U.S that had accepted the black people into their systems. This proved good, but few people saw it. 12. MX is basically calling to arms for the black people to take no shit. He believes, through the massive rallies that were [an] astounding success he had helped raise awareness, and now they needed to do whatever possible to keep that awareness up and continue with pursuing equal rights. Even though there isnt really a rebuttal for this, I feel as if MX had to convince himself of that too, considering when the press came at him after the film The Hate That Hate Produced aired, he had to consult Mr. Muhammad on what to do because he hadnt stayed confident enough in himself OR his followers to believe that they were strong enough to keep earning those rights. This is similar to when he believed that things would not get better for him in jail, so he had to depend on his God for help and guidance. 13. What Malcom X is saying is that the white man has preconditioned the black man for a life of crime and discrimination! To support this, he states on page 248 that many black men were converted to the white mans way of thinking because of money or promises of a better life, so they became black bodies with white heads (MX 248). This means that they would give up anything for a better life, because they knew that the one that they were living at that moment wouldntve gotten them anywhere in life, so they became one with the enemy. Although this was the case, many black people had switched sides due to all of the negativity towards MX and Elijah Muhammad and their teachings due to The Hate That Hate Produced. This is similar to when you are in a car crash and hurt your neck, so if you try to move it or anything, you will just hurt it more because of the problems that are already there. Reflection 1. The most novel claim was that traditions could be pressured onto other people who werent associated with those people to begin with. It was novel because it was true, otherwise racism and discrimination would not have occurred. 2. page 243 and 251 (Questions 9+2) 3. Danyas explaination of how the blacks were preconditioned to live and think a certain way, and Lizs which piggybacked upon that. 4. This is similar to when you are in a car crash and hurt your neck, so if you try to move it or anything, you will just hurt it more because of the problems that are already there. 5. Question two because it provided a lot of discussion. 6. Question twelve because I went so in depth with it because it interested me.

Sunday, January 19, 2020

Single Tier Company Income Tax System

1. 0 Introduction Singapore already start adopting a one-tier corporate tax system effect from 1 January 2003. In Malaysia, it is referred as the ‘single tier’ system. The government allowed a six-year transitional period to enable companies with unutilized dividend franking credits to pay franked dividends. From 1 January 2008, all resident companies in Singapore will come under the one-tier system. Meanwhile, other countries including Hong Kong, Ireland and also Malaysia are adopting the one-tier system effective from 1 January 2014.Generally, the Malaysian dividend system has undergone a complete overhaul in 2008 with the objective of providing companies, shareholders and the government with a simple, transparent, efficient and equitable system. With effect from Year Assessment (YA) 2008, a single tier dividend system replaces the tax imputation system on dividend payments to shareholders. All the changes from changing of dividend system have arisen as a result of leg islative amendments introduced by Finance Act 2007 (Act 683) gazette by the government on 28 December 2007.The new corporate tax system is called the single tier system because profits earned by companies are only taxed once and the profits distributed are no longer taxable on shareholders of the company. In this regard, the principal Income Tax Act 1967 is amended by substituting sec 108 with the following: 108. where a dividend is paid or credited by a company to any of its shareholders in the basis period for a year of assessment, the company shall not be entitled to deduct tax from such dividend paid or credited. 1. Chart: The Single Tier Company Income Tax System The company Company shareholders Income from the Income Profits business operations from investments in the company Tax on company profits The profits after taxes Profits after tax Net dividend aid out as dividends 2. 0 Advantages of Single Tier Dividend System First, single tier dividend system allows complete free f low in the channeling of profits of the company to the shareholders as exempt dividends. There are two sources of profits that can be identified. It is including revenue gains (where income tax has been paid) or capital gains from the disposal of long-term investments like, shares, landed property, plant, machinery, and factory by the company. The company may now frank out these profits as dividends to shareholders without any restrictions.From YA 2008, companies are no longer subject to the restrictions of having to maintain a tax imputation balance on dividend payments. Besides that, the second advantage is shareholders who receiving the exempt dividends are not requires to report the dividend income in their tax return. However, they are required to keep records and documents on their exempt dividend income for 7 years to substantiate this income in the event of a tax audit. The third advantages is that the company are no longer have a section 108 (6) charge issues. Single tier s ystem simplifies tax compliance.At the same time, it is enhancing efficiency of tax administrative system because no need keep track of tax paid and also dividends amount distributed to shareholders. However, under the previous dividend imputation system, a company whose payment of dividends is in excess of its tax credit balance [s 108 (6) balance] will end up paying s 108 (6) charge to the tax authorities. It is indicates company has to involve additional expenditure. Similarly, any excess in the dividend payment for capital gains over the tax credit balance will cause the company to incur the s 108 charge.This is no tax efficient to the company and increase the cost of dividend payment. While, the fourth advantage is shareholders whose marginal tax rate is at 27% will not be paying additional tax on dividend. As a comparison to previous imputation system, the income tax payment by company is imputed as tax credit to individual shareholders upon dividend payments, which is YA 2009 , 25% of the dividend income. However, the individual shareholders with the marginal tax rate of 27% will end up paying an additional 2% of tax dividend income received.With effective from YA 2009, an individual is assessed on 27% tax rate if is chargeable income exceeded RM100, 000. Fifth, it simplifies the job of tax authorities. Now, tax authorities does not need to process tax refunds to the shareholders. Thus, the tax authorities are freed up to focus their time and effort in particular the areas, such as tax audit to ensure complete tax compliance by taxpayers in a self-assessment system. The sixth advantage is single tier dividend system is business friendly, economical and tax efficient as companies are no longer requires to maintain tax credit balance for dividend payment.A portion of tax administration duties is now abolished so that human assets may focus on tax efficient work. Besides that, the seventh advantage is from a macro point of view. Nowadays, the single tier ap proach has provided a simple and convenient tax system to the country, companies and shareholders. Human capital assets may be deployed to the productive sectors to ensure that everyone is placed on a competitive edge to take on global challenges. 2. 1 Diagram of Dividends Payment to Shareholders under Imputation System Shareholder| Company Dividend income (gross)Individual75% x gross dividend| Pay net dividend (a)Received net dividend of 75% of gross dividend(b)Assessed as s 4(c) on gross dividend income(c)Tax credit on dividend income (25% of gross dividend) is available as s 110 set on income tax payable| Income tax payable RMFirst RM 100,000 14,[email  protected]% __xx__ __xxx_-S 110 set off (x) (25% x dividend income) _____Net income tax payable xx_ |Debit 25% od dividend income to s 108 account| Tax credit ondividend payments xx| Balance b/f xxYA 2009Income tax [email  protected]% / 25% nilxx| S 108 account| 3. 0 Single Tier Dividend System VS Imputation System The time l ine of implementing imputation system and single tier system is totally different. According to Choong (2009), he stated that a single tier dividend system replaces the tax imputation system on dividend payments to shareholders on 1 January 2008 and on YA 2008 onwards.Meanwhile, transitional rules applies for six-year period to 31 December 2013, during which the two systems will co-exist. From 1 January 2014, all resident companies will come under single tier system. However, imputation system implemented prior to YA 2008 until 31 December 2007 only. There are another comparison perspectives is in terms of income tax paid by the company. Under single tier system, dividend is final tax and the divided paid out to shareholders would be an exempted tax in the hands of shareholders.From here, the mechanism of single tier dividend system is treated as a separate tax entity without any integration with the shareholders. However, under imputation tax system, any excess in the dividend paym ent for capital gain over the tax credit balance will cause the company to incur the s108 charge. Thus, lead not final tax to the company while will increase the cost of dividend payment. Here, imputation system will allow integration between company and shareholders whereby a company in its essence does not pay tax.The actual tax is calculated on the shareholders upon receiving dividend income The next comparison is in the perspective of maintaining tax credit account (s 108 account). Maintaining tax credit account (s 108 account) require single tier dividend with no more than tax credit balance of companies to monitor because the company no longer has s108 charge issues and shareholders with authorities. However, it requires imputation tax system to maintain an imputation account to record income tax paid annually in credit side of the s108 account.A differences also occurs in payment of dividends to shareholders. For payment of dividends to shareholders under single tier divided for tax authorities, there is no more tax credit balance (s108 account) of companies to monitor. Hence, it also no necessity for them to process tax refunds to the shareholders and also no restriction for dividends payment. However, imputation tax system leading 108 account are to be debited the tax portion in s108 account. Continuing is the comparison perspective payment of capital gains as dividends to shareholders.Under single tier system, the company frank out profits such as dividends to shareholders without any restrictions in order to maintaining a tax imputation balance on dividend payments. However, imputation system stated any excess in the dividend payment for capital gain over the tax credit balance will cause the company to incur the s108 charge. Another comparison perspective is dividend income to shareholders. Frequently, shareholders receive the exempt dividend in single tier dividend which is not required to report the dividend income in their tax return.However, th ey have to keep all the record and documents on this exempt dividend income for 7 years to substantiate this income in the event of a tax audit. In contrast, under imputation system, shareholders receiving net dividend would be assessed on gross dividend income under s4(c) while the tax deducted on dividend income would be given a deduction (s 110set off) against their income tax payable in that YA. Next is the comparison of interest expense incurred to acquire shares. Now, the interest expense incurred to acquire shares is disregarded in the single tier dividend system as the dividend income is now tax exempt.In contrast, under imputation system, the dividend income is assesses under s4c of the Act which allowed interest expense to be deducted against gross dividend to arrive at statutory income. Thus, this will result in cash refund as the tax credit on dividend income exceeds tax payable on statutory income of dividend. Lastly is the differences of implementation. The existing co mpany with s 108 credit balances has to apply transitional period from 1 January 2008 until 31 December 2013 according to ss 38-57 of the Finance Act 2007(Act 683/2007).During transitional period, existing companies are slowly phase out from imputation system. Shareholders will not suffer immediately because many listed companies will continue to use imputation system to frank out dividends until 31 December 2013. After a transitional period, a single tier system will fully take place on 1 January 2104. Hence, the imputation system no longer using anymore. At the same time, any unutilized credit balance at s 108 account balance is deemed nil at 31 December. 3. 1 A Summary Table of Comparison between Single Tier Dividend and Imputation Tax System Single tier dividend| Imputation tax system| | (1. 1. 2008 on YA 2008 onwards)| (Prior to YA 2008 till 31. 12. 2007)| (a) Income tax paid by the company| Final tax| Not final tax. The amount is allowed to be credited to s108 account to pay d ividend to shareholders. | (b) Integration to shareholders| No. company and shareholders regarded as separate and individual entities| Allow integration between company and shareholders whereby a company in its essence does not pay tax. The actual tax is calculated on the shareholders upon receiving dividend income. (c) Maintaining tax credit account (s 108 account) (d) Payment of dividends to shareholders (e) Payment of capital gains as dividends to shareholders (f) Dividend income to shareholders (g) Interest expense incurred on loan to acquire shares (h) implementation| NoNo restrictionNo restrictionExempt dividendInterest expense is disregarded. Permanent lossFully in place on 1. 1. 2014| YesSubject to the availability credit in s 108 accountHas to incurred additional cash as s 108(6) chargeTaxable dividend with tax credit on dividend income. s 110 set off ]. It will be used to set of the income tax payable for the YADeductible. The excess of interest expense over dividend incom e is not allowedExisting s 108 a/c balance may be used to pay dividend for YA 2018 till 31. 12. 2013. Section 108 a/c is deemed nil at 31. 12. 2013| 4. 0 Examples 4. 1 New Company If there are any new companies that are planning to commence their businesses in YA 2008 or subsequent YAs, they will automatically start implementing single tier dividend system. The final tax will be monthly income tax paid by company.From here, there is a non-existing of section 108 account after commencement of new company start from YA 2008. Hence, new company doesn’t have a necessity to maintain section 108 account. Meanwhile, a change has been made on dividend payment by company to shareholders. Now, it is not required to deduct tax from dividend paid or credited to shareholders. However, the company still has to follow one regulation at the same time. It will provide a statement on dividends paid to the tax authorities. The period must be dividend paid during the YA within 7 months after clo sing the accounts.If a failure to do so by company is an offence, liable and conviction to either a) a fine of between RM200 and RM2000 b) imprisonment of not more than 6 months c) or both. The dividends received by shareholders are not entitled to tax computation or tax return forms. It is also tax exempted on dividends received. However, shareholders need to keep their documentations and records. The main purpose is for future tax audit inspections. 4. 2 Existing Company Any existing company in YA 2007 is continuing to maintain section 108 account until the cut off and frozen at 31 December 2007.The existing company has the following circumstances: a) Section 108 balance nil as at 31. 12. 2007. b) Section 108 balance is nil as at any date from 1. 1. 2008 to 31. 12. 2013. c) Section 108 balance is nil due to tax discharge, remittance or refund for tax assessments prior to YA 2008. d) Company exercised an irrevocable option during 1. 1. 2008 to 31. 12. 2013 to self zerolise section 108 balance to nil. The existing company will continue credit the last installment that is December 2007 monthly installment to section 108 account. In YA 2008, section 108 is not applicable anymore.While on 31 December 2007, the credit balance in section 108 is frozen. From this date onwards, credit balance will keep decreasing rather than increasing. It is used to pay cash dividend on ordinary shares until nil balance at 31 December 2013 or earlier than that. On 1 Jan 2014, all companies including existing companies are moved into a single tier dividend system. Companies with different year end have different treatment. A company with 31 December year end will have January 2008 monthly installment, and it is actually payable for December 2007 credited to section 108 account.In contrast, a company with non 31 December year end is allowed to have monthly income tax paid for the YA 2008 until 31 December 2007. On 31 December 2007, section 108 account is frozen and cut off. This accou nt is keep continuing decrease by tax discharge, remittance or refund for tax assessments prior to YA 2008. Meanwhile, the composite assessment arising through tax investigation which is issued after 31 December 2007 shall not added to section 108 account balance. Below is the table showing companies ending with different year end: Table 4. 0 Section 108 account credit balanceCompanies Year End| 31 December| Non 31 December| YA 2007 (31. 12. 2007)| Last installment in Jan 2008| N/A| YA 2008| N/A| Monthly installment till 31. 12. 2007| 31. 12. 2007| Credit balance frozen| Credit balance frozen| 1. 1. 2008 to 31. 12. 2013| To pay cash dividend on ordinary shares till nil balance| To pay cash dividend on ordinary shares till nil balance| 1. 1. 2014: Utilised s 108 balance| Deemed nil| Deemed nil| 5. 0 Conclusion In a overview, single tier dividend system means that the dividend from the companies is an tax exempt dividend to shareholders.Company will no longer have section 108 (6) chan ge issues and also shareholders will not face any additional taxes, even though their marginal tax reach 28%. Even tax authorization on the other end, no longer needs to monitor the tax credit balance section (108 account) of the company and also processing of the tax refunds to the shareholders. They are now able to intensify on tax audits to ensure complete tax compliance with the self assessment system. The single tier dividend system is deemed to be business friendly, economically and tax efficiency for the business environment.It is because it is no longer are a requirement to maintain tax credit balance for dividend payment. A portion of tax administration duties is now abolished so that human assets would be able to focus on tax efficiency duties. The change in the tax structure from imputation to the single tier system are the most significant changes as deemed in Malaysian tax laws. It is clearly a progressive measure, one that accords with international trends. In an inter national setting, the single-tier system or exemption system is seen by commentators as being more neutral than imputation .It achieves simplicity, resulting in efficiency savings for both businesses and tax authorities. It plugs tax leakages since no tax refunds are made under any circumstances. While imputation system discriminates against the non-resident shareholder (who is not granted a tax credit) in favour of the resident shareholder (who is granted a credit), however the single tier system eliminates this, thereby removing a discrimination against regional and multinational companies seeking a holding company locations in Malaysia.The government realized that the imputation system is not very sustainable anymore in we see it in the long run. So, if the tax rates were to be reduced further down in the future, the government needs a perfect system that will allow company's tax to be deemed as a final tax. In this case, the government have certainly had taken a bold step to mov e in the right direction. References 1. Choong. K.. F. (2009). Malaysian Taxation Principles and Practice. (15th ed. ) Malaysia: InfoWorld. 2. Kasipillai. J. (2009). A Comprehensive Guide to Malaysian Taxation. (4th ed. ) Malaysia:McGraw-Hill.

Saturday, January 11, 2020

Btec Business

Evaluation of the businesses marketing techniques and the effectiveness of the businesses actlvltles. Introduction In this report I am writing about the effectiveness of the marketing technique used by the business of my choice which is Adidas AG. Also I will be using my research to make Judgements. Adidas AG Is a German sports clothing manufacturer and parent company of the Adidas Group, which consists of the Reebok sportswear company, TaylorMade-Adldas golf company (Including Ashworth), and Rockport.Adidas uses brand awareness to promote there company and Its products, Ilke football boots. They are also the kit provider, to the German national football team; Adidas also sponsors the Argentine, Japanese, Mexican, Scottish, Spanish and Colombian national football teams, among others. Adidas is very active at sponsoring top football clubs in Germany such as Bayern Munich, Schalke, Hamburg, Bayer Leverkusen, and VfL Wolfsburg and top football clubs worldwide such as R. S. C. Anderlecht , Rapid Vienna, Real Madrid C. F. , AC Milan, Dynamo Kyiv, Chelsea, Lyon,AFC Ajax, Galatasaray, Benfica, Fenerbah#, Panathinaikos, Bolton Wanderers and many others. As they use brand awareness they will always be a well-known company because a lot of people watch football and football Is an International sport so when big football clubs like Real Madrid and Chelsea wear there kits with Adidas sponsoring the clubs, all the clubs fans will always want to check who Adidas is as a company, and Adidas will make money from the football clubs as they will receive a lot of customers who like football and sports.Adidas diversified into the accessory market after doing well in the sports apparel arket, as they did this they produced, deodorants, perfumes, aftershaves, lotions, watches, eye-wear, and bags. Going into the accessory market meant that they could sell their products to a wider range of people, Including older people. Essential accessory products Ilke deodorants would appeal to eve rybody as everyone would want to smell nice, and every accessory product I named Is essential so Adidas would be making a lot of money if people bought their products.I Analysls 0T A Strengths: In many events they are the biggest sponsor, they have a strong anagement team, there brand recognition and reputation is really big, they have diversity and variety in products offered on their websites, they have strong control over their own distribution channel, they don't have any bad reputation like child labor or environmental pollution and in the Football industry, they have a stronghold, as they are famous. Weaknesses: they have high prices in some products, so this could turn people who don't have money to spend to other sports companies.There E-commerce is limited to USA as they are a European Company, this could be a big loss but, Reebok the ompany they also own is famous there so they could make a lot of money even if they want Adidas in USA. The direct sale to consumers is creat ing conflicts with its own resellers and online customer service not â€Å"helpful† or easy to find, this could put a lot of people annoyed with their company and this could cause people to go and look at other sports companies.Opportunities: They have collaborated with other online retailers to offer Adidas products, and this could make them money and there products could be more known. They have collaborated with other online retailers to offer Adidas products; his could be a big advantage as they will want to make a lot of money. The possibility of outsourcing the web development and e-commerce to a third party developer is high. Threats: With Nike's strong reputation in the footwear and apparel industry they could lose out on a lot of money.The negative image created by their sponsored athletes (i. e. Kobe Bryant and his sexual assault case), could harm their image as a good company. All the marketing techniques I have named have been very effective for Adidas as they use d their successful company name to get sponsors to promote their products nd wear their products, and this was where they used the technique called brand awareness. They also used their famous name to diversify into the accessories market; this had the opportunity to get them a lot of customers as they made essential products like deodorant.The SWOT Analysis showed that they had different strengths like there stronghold on the Football Industry, but they have weaknesses like the limited services in the USA, and the USA is a big sporting country. They have a lot of opportunities to develop there company, but there is a lot f threats like the negative image of one of their most famous sponsors called Kobe Bryant having a sexual assault case against him.Conclusion In tnls report I learnt tnat companles use sports cluDs ana players to promote tnelr company, but the players that they sponsor could make the company sponsoring look bad. But Adidas the company I wrote about is a big company that is struggling to get really famous in the USA, and they have stiff competition from Nike, which is an American company, but they are big in Europe and they are the biggest sports company in Europe.

Thursday, January 2, 2020

Personality and Emotions Exam - 5479 Words

Personality and Emotions Which of the following are classifications on the Myers-Briggs Type Indicator? Chapter 4 Personality and Emotions MULTIPLE CHOICE Personality 1. Personality is: a. always stable. b. a part of a person. c. an aggregate whole. d. comprised of traits that cannot be measured. (c; Easy; p. 93) 2. An individual’s personality is determined by: a. heredity. b. environment. c. situational factors. d. all of the above (d; Easy; p. 94) 3. Which of the following is a personality determinant? a. heredity b. environment c. both a and b d. neither a nor b (c; Easy; pp. 94-95) 4. Which of the following personality shaping forces is not†¦show more content†¦quit their jobs more often than those with an external locus of control. b. quit their jobs less often than those with an external locus of control. c. perform better on their jobs. d. start their own businesses. (c; Moderate; p. 98) 20. A person who believes that ends can justify means can be said to have the characteristic of: a. authoritarianism. b. Machiavellianism. c. external locus of control. d. risk-taking. (b; Easy; p. 99) 21. An individual high in Machiavellianism is best described as: a. maintaining emotional distance, being highly authoritative, believing in swift discipline. b. being impulsive, emotionally involved, and having strong ethical beliefs. c. being pragmatic, maintaining emotional distance, and believing ends can justify means. d. tending to make a poor manager. (c; Moderate; p. 99) 22. High Machs: a. manipulate more. b. are persuaded less. c. win more. d. all of the above (d; Moderate; p. 99) 23. _____ is the degree to which people like or dislike themselves. a. Self-esteem b. Authoritarianism c. Locus of control d. Machiavellianism (a; Moderate; p. 100) 24. 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