Business Taxation Essay Example | Topics and Well Written Essays - 500 words - 1

Business Taxation - Essay Example is legally used to the tax payers advantage to reduce the amount of tax that is to be paid to the government but this is all done while staying within the boundaries of law, just the tax regime is manipulated in a manner so as to reduce the amount of tax. The difference between evasion and avoidance as highlighted above is that evasion is something which is outside the boundaries of law and can be punished by law if the evidence for tax evasion is found out by the tax authorities of the country but tax avoidance is something which is done within the prescribed boundaries of the law and the tax regime and is not punishable by the law of the country, the difference can be slight but it could lead to severe consequences, for example in countries like the USA tax evasion is a serious matter and could lead to imprisonment if evidence is found of tax evasion against a company or a person. The canons of taxation were developed by Adam Smith and are still widely regarded as the best parameter to judge the effectiveness of a tax regime in a country. It is a set of rules to judge whether the tax regime is a good one or not or if any changes need to be made to the tax regime, it also helps identify in which areas the changes have to be made. 2) The timing and the amount of the taxes that a payer has to make must be certain to him and they should be known well before the payment time so that gives him adequate time to calculate and make arrangements for the payments. The canons of taxes have provided the guidelines for any government to follow and develop a fair and a convenient tax regime and tax collection and implement it with the point of view of being convenient to the tax

Customer Experience Essay Example | Topics and Well Written Essays - 3000 words

Customer Experience - Essay Example a new banking outlet, particularly in an overseas location, it is imperative for the banking institution adequately prepares for the groundbreaking exercise and positioning that will facilitate sustainability. Some of the intricate issues that determine the success of a newly opened branch in the banking sector are generally related to the first impression created regarding customer experience. Customer experience can be memorable for either good or bad reasons. How suitable and pleasant an experience gets to the newcomers is usually dependent on the trend set from the beginning. It follows that the remainder of the experience in a new market is defined in the initial stages of market positioning and establishment. Aware of these facts, Cooperative Bank and Smile UK Limited will require the detail of the following study regarding the new market in Tanzania for the creation of an appropriate customer. According to Avaya (2008, P1), both local and international banking institutions find a huge challenge to balance their strategy mix and technological capacity to facilitate sustainable customer relationships. According to the revelations of the group, today’s customer experience has changed a lot due to a number of factors. One of the most important factors that have necessitated a different approach to handling of customer experience is the easy availability of information that has impacted on customer expectations. In view of the new market in Tanzania, this study reveals some of the most important information that the management of Cooperative Bank and Smile will need to handle the changed customer experience issues in Tanzania. Comparing the banking sector in the UK to that in Tanzania, there are fundamental differences in the economic settings of the two countries. While the UK is an industrialized economy, Tanzania is a developing country, where profound differences in operations will be experienced. Performance in the developed economy presents quite