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However, his tax returns, submitted along with his affidavit to the Election Commission, states that he has no foreign income. The affidavit says his annual income from business is only Tk 1.35 lakh. Although the affidavit must also reveal the annual income of dependents -- like wife and children -- the minister left that blank.
Autonomous consumption (also exogenous consumption) is the consumption expenditure that occurs when income levels are zero.Such consumption is considered autonomous of income only when expenditure on these consumables does not vary with changes in income; generally, it may be required to fund necessities and debt obligations.
The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), enacted as Subtitle C of Title XI (the "Revenue Adjustments Act of 1980") of the Omnibus Reconciliation Act of 1980, Pub. L. No. 96-499, 94 Stat. 2599, 2682 (Dec. 5, 1980), is a United States tax law that imposes income tax on foreign persons disposing of US real property interests.
Where allowed, such an endorsement gives the document the same weight as an affidavit, per 28 U.S.C. § 1746 [2] The document is called a sworn declaration or sworn statement instead of an affidavit, and the maker is called a "declarant" rather than an "affiant", but other than this difference in terminology, the two are treated identically by ...
When applied to capital income taxation, the Atkinson–Stiglitz theorem argues that since present and future consumption are equally complementary to leisure due to weakly separable preferences (and hence there is no Corlett–Hague motive for capital income taxation), capital income taxes do not alleviate the tax distortions caused by labor ...
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