Zakat and the taxation system in Saudi Arabia Research Proposal

Zakat and the taxation system in Saudi Arabia - Research Proposal Example These taxes are; income tax, Zakat, Natural Gas Investment tax, withholding tax, capital gains tax, and indirect taxes. Under income tax, the government of Saudi Arabia targets the taxable income of joint stock companies, Saudi legal organizations, partnership businesses, contractors, foreign companies, and independent professionals (Janjua, 39). Zakat is a religious wealth tax, the government levies on the citizens of Saudi-Arabia, and other nationals of the GCC. This tax is levied from the profits they obtain in the various companies that these nationals operate in Saudi Arabia (Hefner, 39). The rate of calculating this tax is 2.5% of the capital employed. The Natural Gas Investment Tax is charged on any person involved in the business of natural gas, and other businesses related to the production and sale of natural gas. Withholding tax is a deducted from any payment made to an individual who is a non-resident of Saudi Arabia (Otto, 28). The people targeted do not have any legal registration that allows them to engage in economic activities in Saudi Arabia. Capital gain taxes are levied on the gains made by the sale of business assets, or an individual’s fixed assets (Janjua, 42). Despite the recognition of these taxes by the Ministerial Resolution 278, this research proposal concentrates on the tax system referred to Zakat. To understand the nature of this research, this proposal will explain this concept of Zakat, and how it relates to Sharia law. Sharia law is one of the laws that govern the administration of Saudi Arabia. Saudi Arabia is an Islamic State. This has made the country to develop a system whereby everybody residing within the Saudi Arabia has to live in accordance to the principles and teachings of Islam. Paying alms to the poor is one of the teachings of Islam. Zakat Taxation system is developed from this teaching of paying alms to the poor (Hefner, 36). This research proposal analyzes the aims and

Letter Assignment Example | Topics and Well Written Essays - 250 words - 5

Letter - Assignment Example Should the misunderstanding between Felicia and Curt persist, E&Y is most likely to lose its highly esteemed clients because of the eminent and unprofessional attendance they experience. It is appreciable that Felicia has been a great mentor and serves diligently as the client team leader at E&Y for two and a half years. Being the Department Supervisor, your immediate attention is critical to addressing the situation. Your actions are also important to getting a viable resolution to the disagreement that would enable the two work efficiently and in coordination. Therefore, there is necessity that you schedule for another meeting in which you will resolve the contentious issue affecting E&Y. In addition, a meeting with Felicia and Curt would help solve their existing disagreements and subsequently prevent future challenges to attending to clients at E&Y. Moreover, peace would remain maintained within our department besides enhancement of the relationship between Tulsa office of Ernst & young and E &Y client Midcontent

Characteristics of Public Health Summary Measures Essay

Characteristics of Public Health Summary Measures - Essay Example Additionally, it will indicate how these characteristics contribute to and improve our understanding of diseases burden in the population. One of the characteristics that I believe a public health summary measures should possess is absolute or relative change. This should be in term of health status for a given period of time. For example, if the mortality rate is 10 percent in a given location for a certain month, then in the next month it increases to 12 percent, this indicates an absolute increase infant mortality (Zack, 1993). Measures should be taken to ensure that there is a reduction in relative change in infant mortality which is a useful measure of the public health. This will reduce the cost of living since the fund that would be used to cater for infant mortality will be used in other economic growth activities and increase in Gross Domestic Product (GDP). The second characteristic is validity, which is a measure that indicates the health status of an individual like a report of health indicating as excellent, good, and poor among others means of rating. This means a record for this validity should be kept where it reflects a change in the health status of individuals (Murray, 1994). This characteristic will be of importance since when one visit a health care then his or her status will be known and intensive care will be undertaken depending on the report. The third characteristic is that population should be sensitive to major health changes for example in the case where alcohol and tobacco taxation is increased. This means the reduction in the consumption of alcohol and tobacco in the location, will be a measure to improve the health of individuals by addressing mental health, chronic diseases among others (McKenna and Michaud, 2005).  Ã‚  

Portfolio Management & Construction Essay Example | Topics and Well Written Essays - 9000 words

Portfolio Management & Construction - Essay Example Qatar produces nearly 776 thousand barrels of oil each day and this current level of production is estimated to last for 54 years. When it comes to natural gas, the country is richest if all in the GCC countries. At the end of 2008, its natural gas reserves stood at 25.56 trillion cubic meters, representing nearly 61% of the entire GCC natural gas reserves and nearly 14% of the world’s natural gas reserves. In the GCC region, the country can be called as one of the most stable countries, given its prudent macroeconomic management and combination of natural resources. Due to higher global demand of energy, the economic boom continued till the end of 2008. In the past six years, the economy of Qatar grew as much as five times in size from 2002 to 2008, with an annual rate of 31.6% on average that makes nearly $19.6 billion (2002) to $100.4 billion (2008). The reason of such massive growth is steady increase in energy prices as well as surging gas and oil production. The country has allowed significant foreign investment in the production of its gas field in the past decade and is predicted to become world’s largest Liquefied Natural Gas (LNG) exporter in the future period of time. The country is also pursuing to attract foreign investment in the production of its other sectors such as non-energy projects by liberalize the economy even more. However, the global economy experienced drop in oil prices in late 2008 as well as economic and global financial crises that ultimately reduced the budget surplus of the economy and resulted in sluggish pace of development projects and investments in 2009. It is expected that economic growth will rebound and the economic policy emphasizes on developing the non-associated natural gas reserves of Qatar and improving foreign and private investment in non-energy sectors but gas and oil sector is still central in the

The Power of Thinking or Feelings in Crest and Vaseline Advertisements Essay

The Power of Thinking or Feelings in Crest and Vaseline Advertisements - Essay Example Vaseline persuasively uses pathos because of its emphasis on the word â€Å"feel,† so that the audience can â€Å"feel† its sincerity regarding the benefits of its product, and then it expounds on the scientific backup of these benefits to fully convince the audience that it is the best lotion in the market. The main positioning statement of the ad is â€Å"feels good, does well.† The statement is simple, but its meanings are varied. Vaseline uses the words â€Å"feel† and â€Å"good† to underline emotions. It is stating that its lotion feels good on the skin while providing emotional benefits too. Instead of just stressing its ingredients, it centers on the resulting â€Å"feelings,† which is related to â€Å"goodness.† Another impact of the feelings of goodness is having a good day. When people feel good, they tend to do well in school, work, and home. Feeling good starts the day with happiness and improves quality of life. After the short introduction on what the product makes consumers feel, a longer explanation is below it, where scientific words are added. The long paragraph stresses that the product is the â€Å"next generation† of Vaseline lotion, which suggests that it is current and not an â€Å"old† formula. The words â€Å"pure† and â€Å"natural† make Vaseline a â€Å"natural† product, even when it has chemicals too. The main goal is to relate Vaseline with the goodness of â€Å"Nature,† but one that is scientifically tested and perfected. The words â€Å"new formula† and â€Å"infuse moisture deep down† accentuate that the product is the latest tested formula that goes beyond other usual lotions. The â€Å"rich feel and glowing skin† is a suitable end, since many consumers want their skin feeling smooth and looking young and fresh. To reinforce its sincerity further, another strategy of Vaseline is its â€Å"Money Back Guarantee.† The ad has a blue stamp, a stamp that symbolizes something assured and permanent. It contains the words â€Å"Vaseline Promise.† The word promise is like a friend making a promise to another friend. If customers will not feel the difference after using the product, Vaseline challenges them to return the lotion to it. This way, customers feel secure in using the product. Again, positive feelings take center stage. The ad starts with good vibes, the vibes of feeling and looking good. Then, it follows up the good vibes with a promise of â€Å"money back,† if these â€Å"feelings† are not attained. Vaseline effectively uses matching words and promises to convey a strong message of skin luxuriousness to its audiences. The font and white background highlight that Vaseline has nothing to hide. The font of â€Å"feels good, do good† is sans serif, which makes it informal and playful. It does not even start with a capital letter and does not end with a period. Th e way it is written looks hip and young. In other words, it exudes with innocence. The white background suggests purity too.  

Integrated quality Assurance Principles in the teaching-learning Essay

Integrated quality Assurance Principles in the teaching-learning environment - Essay Example It is necessary for such an organisation to recognise the students as the customer and thus focus their continual development planning towards making sure that these customers get the best (Rauner & Maclean, 2008). Providing the best would be to make sure that these customers get the education that is in line with the standards developed, both national and internationally. In the planning stage of the continue development program for such an institution, it would entail coming up with ways to conform to the standards. The institution would then have to implement (do) this by making sure that the courses and the syllabus offered are in line with these international and national standards (Servais, 2011). After the implementation, the college would then have to check whether the new syllabus or curriculaum is in line with the international stands. The college would also have to check whether the new curriculum is helping the students to be able to be more successful in their fields. This can be done by monitoring how the alumni from the college are performing in the market. If after checking it becomes clear that the alumni of the college are not doing so well in the market, the college may have to look at the syllabus and the implementation of the syllabus and look for any issues which may be causing variance between the planned and the achieved results (International Labour Office, 2010). This will also include, if possible, looking at the relevant changes in industry demand and future student profiles. This will also help in making sure that such an institution is not lagging behind and that the quality of its education programs will not deteriorate over time (Bosch & Charest, 2010). By applying the PDCA process of improvement, it will be easy to know how to monitor the relevant changes in industry demand and be able to align the current strategy in a way that will help o achieve these new

Buying Versus Leasing Assignment Example | Topics and Well Written Essays - 2250 words

Buying Versus Leasing - Assignment Example More significantly, capital budgeting is more commonly used in management planning as it gives an outlay of the long-term implication of purchasing or leasing a new car. Therefore, the main aim of the thesis of this paper is to not only evaluate the suitable choice of acquiring cars, but to also analyze the financial and non-financial factors that influence decision making. Executive Summary Investment decisions are based on economical and effective factors that make the purchase of cars more viable as compared to leasing a car. More significantly, application of capital budgeting in deciding on purchases takes into consideration the viable choice after carrying out appraisal based on the expenses related to buying and leasing and their cost respectively. As a result, capital budgeting is more commonly used in management planning as it gives an outlay of the long-term implication of purchasing or leasing a new car (Thomas & Maurice, 2011). More so, considerations should be undertaken based on the provision economic decisions based on interest rates, sources of finances, end of lease fees, loan terms, personal guarantees and operating cash while making decisions on whether to procure or lease a car as related to economical costs. Even though, leasing allows for payments within small intervals it is considerably expense as the payments accumulate over time with no long-term benefit being derived. Definition In the acquisition of new assets, there are two choices based on whether to lease or purchase. More considerably, leasing comes either as operational or capital lease depending on the terms of the contract. In capital leasing, an individual is allowed to finance the maintenance and use of the car while at the end of the agreed lease term take up ownership after undertaking a nominal buy out lease. On the other hand, operational lease allows for renting of the car, and as a result, there is no ownership entitled at the end of the contract as the lease term allo ws for monthly payments (Powell, 2009). Nonetheless, purchases allow for payments to be made at the initial purchase and ownership of the asset is transferred immediately to the buyer. Even though, the leasing of a car seem viable it involves regular payment of the leasing fee as the returns of the vehicle passes back to the initial owner, when the lease term comes to an end as compared to purchases where upon payment of the purchase price legal ownership is issued immediately to the buyer of the car. As a result, there is a significant difference in terms of payments and ownership term in the purchase and leasing of a car. More considerably, to understand about leasing agreements, it is essential to understand about the lessor as the leasing company in which they deal with leasing of cars based on rights that govern the contract (Powell, 2009). While the leaseholder, or lessee is an individual who utilize services of the leasing company through leasing of vehicles. As the lessee us es the vehicle, they make payment based on calculated monthly lease charge this payment made are considered to cover the interest that is charged by the leasing company for services offered. As a result, the leaseholder makes a choice on the type of lease to undertake. If an individual chooses capital lease, it is known as closed-ended lease because the leaseholder does not get a guarantee of