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The UNCAC states that the conflict of interest is a criterion which determines what information should be disclosed [citation needed].The Organisation for Economic Co-operation and Development (OECD) defines conflict of interest as "a conflict between the public duty and private interests of a public official, in which the public official has private-capacity interests which could improperly ...
Although its name (wealth yield tax) suggests that it is a tax on the yield of wealth, it qualifies as a wealth tax, since the actual yield (whether positive or negative) is not taken into account in its calculation. Up to and including 2016, the rate was fixed at 1.2% (30% taxation over an assumed yield of 4%).
Illicit enrichment generally refers to a situation in which a person has enjoyed some sort of wealth that cannot or has not been justified as coming from a legitimate source of income. [1] The exact definitions for illicit enrichment, and the terminology used to describe the concept, vary considerably between international legal instruments and ...
Redistribution of income and wealth is the transfer of income and wealth (including physical property) from some individuals to others through a social mechanism such as taxation, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law. [1]
The Voluntary Disclosure of Income Scheme (VDIS) was a very unconventional but successful step among Indian economic policies.It would give an opportunity to the income tax or wealth tax defaulters to disclose their undisclosed income at the prevailing tax rates.
[3] [4] While asset declaration was Rp 4,855 trillion from 956 thousands tax payers. [27] The result is very successful. It is a new world record that tumbles 2009 Italy tax amnesty program with Rp 1,179 trillion and repatriated Rp 59 trillion.
Wealth or savings is a stock variable – that is, it is measurable at a date in time, for example the value of an orchard on December 31 minus debt owed on the orchard. For a given amount of wealth, say at the beginning of the year, income from that wealth, as measurable over say a year is a flow variable. What marks the income as a flow is ...
Economy. tax cuts; tariffs; China trade war; farmer bailouts; Environment. Paris withdrawal; Foreign policy. America First; Saudi Arabia arms deal; Iran nuclear deal ...