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The Tennessee Valley Authority is a government-owned corporation created by U.S. Code Title 16, Chapter 12A, the Tennessee Valley Authority Act of 1933.It was initially founded as an agency to provide general economic development to the region through power generation, flood control, navigation assistance, fertilizer manufacturing, and agricultural development.
In 1933, the Tennessee Valley Authority was created, in part, to provide rural electrification in the Tennessee Valley and surrounding areas. TVA created the generation and wholesale transmission capabilities that enabled rural distribution systems through electric cooperatives. Of the 6.3 million farms in the United States in January 1925 ...
The European Union value-added tax (or EU VAT) is a value added tax on goods and services within the European Union (EU). The EU's institutions do not collect the tax, but EU member states are each required to adopt in national legislation a value added tax that complies with the EU VAT code. Different rates of VAT apply in different EU member ...
Value added tax is structured as an all-phase tax with input tax deduction. If a taxable person provides a service to another taxable person, the former must pay the VAT on the service; the recipient can reclaim the tax paid as input tax from the Federal Tax Administration (FTA), but must also pay tax on his services to his customer.
Even a cursory reading of the Tennessee Valley Authority Act, the 1933 federal legislation that created the nation's largest public power provider, suggests its headquarters should be in Alabama ...
Tellico Dam is a concrete gravity and earthen embankment dam on the Little Tennessee River that was built by the Tennessee Valley Authority (TVA) in Loudon County, Tennessee. Planning for a dam structure on the Little Tennessee was reported as early as 1936 but was deferred for development until 1942. Completed in 1979, the dam created the ...
The noble purpose of the TVA — to catalyze economic development in an entire region — is as necessary today as it was when President Franklin D. Roosevelt signed the TVA Act in 1933. Yet the ...
In the United Kingdom, the value added tax (VAT) [1] was introduced in 1973, replacing Purchase Tax, and is the third-largest source of government revenue, after income tax and National Insurance. It is administered and collected by HM Revenue and Customs, primarily through the Value Added Tax Act 1994. VAT is levied on most goods and services ...