The United Nations Educational, Scientific and Cultural Organization (UNESCO) is funded through the contributions of its member states. ... View Article
The 7 World Heritage Sites, also known as the Seven Wonders of the Modern World are as follows: Christ the Redeemer, Brazil Machu Picchu, Peru... View Article
The World Heritage Convention was adopted in November 1970 at a general conference of UNESCO. The purpose of the World Heritage Convention is to... View Article
The purpose of the World Heritage Convention is to protect and preserve the world's natural and cultural heritage considered to be of Outstanding... View Article
The United Nations Framework Convention on Climate Change (UNFCCC) was established on 21 March 1994. The United Nations Framework Convention on... View Article
As per law, three months imprisonment is the minimum sentence for tax evasion, and 7 years imprisonment is the maximum sentence for tax evasion .... View Article
Some of the examples of tax evasion are showing false records, hiding income, declaration of less income or profits than the amount actually... View Article
Tax evasion is an illegal activity. It involves avoiding payment of liable taxes by companies or individuals through illegal means. As per laws,... View Article
There are 4 different theories of tax shifting incidence. The theories are Musgrave’s approach, demand and supply theory of incidence, diffusion... View Article
The person who pays the tax is known as impact incidence. Shifting of taxation means shifting the burden of tax by the taxpayer to another... View Article
Relative price elasticity of demand and supply is the factor determining the incidence of taxation. You can read about the Goods and Services Tax... View Article
If all the income of non-resident Indians arises or accrues from outside India then it would not be taxable in India. You can read about the... View Article
A person or entity who actually bears the burden of tax is known as the effective incidence of tax. A person or entity which is obliged to pay... View Article
The three criteria for effective taxes are simplicity, efficiency, and equity. The other important criteria that must be fulfilled for having... View Article
When the impact of taxation and tax incidence is upon the same entity, then this is known as direct tax incidence. You can read about the... View Article
Absolute tax incidence determines the incidence of a tax assuming that no other tax would be levied in its absence. You can read about the... View Article
The incidence of tax is dependent on the price elasticity of demand and supply. You can read about the Taxation in India - Direct taxes &... View Article
The final burden of tax is known as tax incidence and the initial burden of tax is known as tax impact. Tax incidence is upon the person who... View Article
