An Interesting Topic Of Taxation - 972 Words

The Observer illustrated an interesting topic of taxation. New York Senator Charles Schumer has introduced a call for a new type of taxation. He proposed â€Å"a tax on customer service calls being outsourced to another county† (The Observer, 2015). While the tax sounds a bit odd at first, there is actually for rhyme to the senator’s reasoning. The senator’s goal is to ultimately keep more jobs on United States soil. Many jobs in the United States have been lost to cheaper labor overseas. This proposal aims to bringing someone of those jobs back to America by implementing a high taxation on customer service phone calls that are being answered outside of the United States. Schumer’s policy states, â€Å"the tax per outsourced call would be 25 cents for the company. In addition to informing the caller of this, companies would be required to release reports quarterly on total calls and the percent outsourced† (The Observer, 2015). This would be a hefty tax if implemented and would frustrate many companies. However, the senator’s goal is job creation. The purpose of this homework is to analyze this proposed taxation, propose two reasons for and two reasons again Senator Schumer’s policy, and to then expand on my opinion of this policy. Supporting Reasoning 1. The first reason to support this proposal is because it is aimed at one thing; job creation. After The Great Recession, people have been doing everything possible in order to create more jobs for the unemployed workers ofShow MoreRelatedThe Tax Reform Act Of 19861607 Words   |  7 PagesThe main topic of this research paper is taxation. Seeing that this topic is pretty open, I’ve chosen to write about the proposed idea of Fair Tax. Along with a little bit of insight on Fair Tax and a couple highlights of history, I’ll try and explain some pros and cons as well as give my opinion on the topic. According to vocabulary.com â€Å"Taxation refers to the practice of a government collecting money from its citizens to pay for public services†. Our country was practically founded becauseRead MoreAnalysis Of Desoto Consolidated School District Essay1656 Words   |  7 Pagesmembers who meet on a monthly basis to set and oversee policy, finances and hiring of employees. This summary will provide information related to topics related to the board meeting on October 24. Among those topics, discussion will be had on meeting format, how the meeting was conducted, controversial issues, public participation and other interesting observations. The board meeting space and how it tends to be organized can be somewhat telling to what role the meetings play in the school and communityRead MoreBusiness Administration From Boise State University1122 Words   |  5 Pagescorporate tax area. I believe my academic credentials and corporate tax working experience will be a good match for their research interests and they can provide me tremendous guidance on tax research in academic settings. Research in taxation and tax policy is a very interesting area as it combines business, economics, statistics, finance and politics. Its multidisciplinary nature creates challenges as well as opportunities. Moreover, International tax research will bring the tax research to a brand newRead MoreEssay On Fiscal Policy In Texas804 Words   |  4 PagesOption No.1: Fiscal Policy - Texas Tax System First of all, both options for this discussion are very interesting but I chose option number one to study and analyze because I am always curious about taxation. I always ask myself out of curiosity about why there are differences in tax implementation and system in America specifically in each State? 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Namiki3 Having a fast food tax will cause great concern with the companies whose products will be taxed. The company’s main concern would be having a decrease in their sales with the increased price. Although they may have a legitimate concern, the taxation should persuade the companies to produce healthier products. Once companies come up with ways to reduceRead MoreFinancial Services Essay707 Words   |  3 Pagesone of our biggest. This month’s articles will stimulate our minds by providing timely commentary on recent regulatory developments and useful guidance on handling legal and commercial issues in practice. Let us begin with an article on the hot topic of ICOs. ICO stands for Initial Coin Offering. Editorial board member Andrea Beatty and her co-author Daniel Taha (Keypoint Law) take us through ASIC’s recently-released guidance on ICOs, and consider how it compares with the guidance provided by otherRead MoreBusiness Entities : A Business Entity1530 Words   |  7 Pagestwo owners (with potentially some of the owners assuming liability only to the extent of their investment) are topics that are often introduced to students through other businesses courses, however the other types of entities are often covered briefly, if at all, through other prior coursework. As a result, many (such as myself) may find the undiscussed entities to be particularly interesting to learn about. Through the Advance Income Tax Research course, it can be discovered that C corporations areRead MoreThe Constitution And The Articles Of Confederation953 Words   |  4 Pagespiece of history which because of them, the constitution and the articles of confederation are what make makes America what it is today, unified. The major learning theme of this video is to understanding what and how these states came together, taxation, laws, and the people behind it. George Washington, Thomas Jefferson, and James Madison to name a few are the unique founding fathers who helped make America the way it is for years to come. Because of the constitution, constitutional conflicts haveRead MoreThe Relevance Of Hamiltonian Economics Today1368 Words   |  6 Pagesthe Framers corrected the mistakes of the past (Document 2). At the start of the union, the states made their own money and the federal government had no control over currency or taxation. This is keenly noted by the Tax History Museum in stating â€Å"State officials tended to print money rather than resort to increased taxation in order to raise war revenue. As a consequence, most state currencies depreciated quickly and severely. † With the constitution the Federal government was given the explicit right