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

Compare and contrast a peer-to-peer and client server networks Essay

Compare and contrast a peer-to-peer and client server networks - Essay Example Therefore, while using the client-server network, it remains customary to purchase a computer that would be used as a server. The server software’s cost is another disadvantage of the client-server network. In fact, establishment of the client-server networks sometimes proves so expensive that choosing this option seems like an uninformed decision. Nevertheless, the structure of the client-server network offers different kinds of powerful administrative tools that are specifically useful when security becomes an issue. On the other hand, peer-to-peer networks are cost effective to develop as there is no need of a high-end machine to serve as a server. Likewise, while using peer-to-peer networks, there is no need of special client licenses or server software. All that is required to efficiently use the peer-to-peer network comes with the Windows 95. Because of this affordability, peer-to-peer networks become quite suitable for use in small businesses or for the domestic users. However, security is sacrificed in the use of peer-to-peer network since the control of network lies in the hands of the end users, which makes it unsuitable for the high-security