GST in Malaysia Essay

In Malaysian Tax System, Royal Custom & Excise Department is responsible for all policies related of Goods and Services Tax (GST). Currently, the rate of GST can be category to 3 rates which are standard rate, zero rate and exempt supplies. (Gst.customs.gov.my, 2014) GST can only be charged on the business was registered under the Malaysian Goods and Services Act 2014. The registration exemption is given if the business’s annual turnover of taxable supplier is below than the GST registration threshold. Thus, such businesses cannot charge GST on their products or services from their customers. (Gst.customs.gov.my, 2014) The GST registration is available from 1st June 2014 for any businesses which have reach the GST registration threshold of more than RM500, 000 are required to register under with Royal Malaysian Customs Department for the Goods and Services Tax (GST) before 31st December 2014. Nevertheless, the business with annual turnover below RM500, 000 may apply for the GST voluntary registration that is because registration GST is voluntary. (HengAnn, 2014) There are no any extra fees charged for GST registration processing. Goods and Services Tax (GST) and Value-Added Tax (VAT) are a type of consumption tax had been invented in 1950’s. Both of GST and VAT are based on value added concept and it is a multi-stage tax, so GST or VAT will charge at each stage of supplies chain. Currently, there are 160 countries had implemented GST or VAT and from this statistic has shown that GST and VAT are an effective and fair tax system. According to the data shows based on the region, 160 countries had implemented GST or VAT are as the following countries: 7 countries in ASEAN, 19 countries in Asia, 53 countries in Europe, 7 countries in Oceania, 44 countries in Africa, 11 countries in South America and 19 countries in Caribbean, Central and North America. On 7th April 2014, the Goods and Services Tax was passed in Dewan Rakyat Malaysia with 119 votes for and 81 votes against. Start from 1st April 2015, GST will effective at a standard tax rate of 6%. The propose of implementation GST will replace the current consumption taxes which are Government Sales Tax (10%) and Services Tax (6%).

First World War Essay Example | Topics and Well Written Essays - 250 words

First World War - Essay Example However, the concept of Empire and Imperialism were strong driving factors for the First World War. The great powers of Europe wanted to expand and maintain their spheres of influence in Europe. The rise of nationalistic sentiments among the different ethnic populations led to the strengthening of imperial influence. For instance, Russia supported Serbia since both belong to the Slavic people. Being a foot soldier during this period of war can range from depressive to horrific. Since static trench warfare was the predominant strategy during this time, the soldiers on each side were either on the offensive or the defensive stance. It was usually a gruesome act for armies from each side to come out of the trenches for an offensive push just to be blasted by artillery or shredded by machine gun and rifle fire. Still, many soldiers were willing to do so out of either patriotic feelings or because of a great deal of imperial propaganda. Women took part in the war mainly as field medical aid or support units. The war ended with the defeat of the German and Austrian-Hungarian Empires against the British, American, and French. The Russians were forced out early from the war due to the rise of the Bolshevik communists. The Treaty of Versailles was passed to the humiliating detriment of both the German and Austro-Hungarian Empires. Both states lost their holdings and status as imperial powers, and their military capabilities reduced. The face of Europe changed after the First World War as the Balkan states that were under the Austro-Hungarian Empire became independent. Germany lost its imperial influence, while Russia became the Soviet Union after the communists took over the Tsarist

Was Hitler's decision to attack the Soviet Union his greatest military Essay

Was Hitler's decision to attack the Soviet Union his greatest military failure - Essay Example Thus Operation Barbarossa would be the catalyst that resulted in the collapse of the Third Reich.6 Based on these assessments it is therefore argued that Hitler’s attack on the Soviet Union was its greatest military failure. This paper intends to illustrate this hypothesis by first evaluating Hitler’s foreign policy and secondly Operation Barbarossa. Hitler’s foreign policy will be evaluated first as a means of tying it to the strategies, planning and execution of Operation Barbarossa. Thirdly, this paper will conduct an analysis of Hitler’s attack on the Soviet Union with the objective of determining how Hitler’s attack on the Soviet Union ties in with his strategies toward the Allied powers during the Second World War. The third part of this paper will analyse what aspects of Operation Barbarossa contributed to its greatest failure. ... Even so, Weinberg informs that Hitler: Had a clearly formulated set of ideas on major issues of foreign policy, and these ideas were intimately interwoven with his concepts of domestic affairs.8 These clear ideas were founded on the doctrine of race and were predicated on the concept that man’s history is more specifically understood by reference to race. More specifically, man’s history is tied to the â€Å"racial components of different societies†.9 Prior to taking office, Hitler’s doctrine of race underpinnings and its characterization of his foreign policies were obvious in his speeches and writings. For Hitler, Germany had not lost the First World War. Instead, Germany had been backstabbed by Jews those who supported Jews. Jews and their supporters not only had tremendous influence in Germany but also garnered strength from foreign powers whose victory during the First World War had facilitated the backstabbing.10 It therefore followed that any effect ive foreign policy was required to facilitate domestic reconfiguration. To this end, according to Weinberg, â€Å"a nationally conscious group must assume power† and must â€Å"ruthlessly displace whatever steps toward democratic government† that had already occurred in Germany and â€Å"rearm to provide the tools of an aggressive foreign policy†.11 What this meant for Hitler was the formulation of a policy that would require a direct confrontation with France, Germany’s perpetual enemy. This policy might also require a coalition with Italy who equally objected to France acquiring European hegemony. Other strategies included annexing Austria and other yet to be identified territories under a â€Å"Greater Germany†.12 The

Human relations Essay Example | Topics and Well Written Essays - 4750 words

Human relations - Essay Example When one enjoys healthy relationships with others, it affects one’s disposition, attitude and performance. Personal relationships have much power over an individual that when there are strained relationships outside of work, it usually affects how one performs at work. When a worker is emotionally weak and tend to dwell on the effects of a strained personal relationship outside work, he may not be able to concentrate well on his tasks, leading to lowered quality of performance and less productivity. On the other hand, if he enjoys fulfilling relationships both outside and at work, then, he becomes more stable in his performance, allowing him to focus well on his tasks and becomes driven to succeed. The same goes for conflicts with co-workers affecting one’s personal health and even the way he may release the job stress towards his family and friends. Being able to manage oneself and control impulses and emotional meltdown during challenging situations is a mark of a str ong person. If this is not mastered, then one will not be able to cope with the demands of the workplace where multiple conflicts and challenges abound. Chapter 2: Self-esteem and Self-Confidence Dubrin describes self-esteem as a sense of feeling worthwhile and the pride that comes from a sense of self-worth. When one has a healthy self-esteem, he feels good about himself and maintains a positive outlook on life. He develops favourable work attitudes and performs his task at a high level. This is because he believes that he is capable of being a competent worker that is why he is able to challenge himself more and more to validate his beliefs that he possesses the necessary skills for the job. However, if one suffers poor self-esteem, it gravely affects his disposition and work performance. There is a prevalent feeling of low self-worth that feeds on negativity. The individual cannot grasp the concept that he is an able human being and that he has unlimited potentials if only he bel ieves in himself and that he has innate gifts that can be developed. Enhancing self-esteem involves looking into one’s strengths and being proud of them. It is a good exercise to always find something positive about oneself when evaluating performance no matter how small it may be. For instance, when reflecting on a written work that may be filled with spelling mistakes, one can also point out that there were no grammatical errors. Somehow, this saves one from dwelling in the negative. Avoiding situations that threaten one’s self-esteem such as not participating in dance contests when one is admittedly awkward in dance movements is a wise move to preserve one’s self-esteem. Lastly, being with positive people who are able to boost the self-esteem of others is another thing that can be done to enhance one’s self-esteem. Having a healthy self-esteem leads to self-confidence, which is an important quality needed in both personal and professional growth. Self- confident people are more likely to be more effective in leadership and sales positions, as they set higher goals for themselves and strive to achieve those goals. Usually, such confidence comes from having several abilities that these individuals develop further and the positive feedback they receive from people even from the time when they were younger. One’s self-confidence is likely to be strengthened if he persists in doing better in the tasks assigned to him and he feels the

Allstate Insurance Company Case Study Example | Topics and Well Written Essays - 1250 words

Allstate Insurance Company - Case Study Example Table of Contents Abstract 2 1.0 Introduction 4 2.0Evaluation of Allstate's Goal-Setting Process 4 3.0Dimensions of an Effective Goal Setting Program of Allstate 6 4.0High-Performance Reward System of Allstate to Motivate Its Employees to Reach Its Diversity Goals 7 5.0Conclusion 9 6.0References 10 1.0 Introduction Allstate Insurance Company in order to improve the performance of the employees developed diversity strategy. This strategy was considered to be effective weapon for gaining competitive advantage. The company for achieving its goal has adopted various processes. The entire goal of the company was based on the performance standard of the employees. In this paper, the goal setting process of Allstate Insurance Company has been evaluated by considering the model of goal setting. The paper seeks to explain whether the company has fulfilled the dimension of goal setting. The paper includes the recommendations related to the high performance reward system that Allstate Insurance Company can implement for achieving its goals. 2.0 Evaluation of Allstate's Goal-Setting Process To improve the performance and to reach the goals, the insurance company thought of developing a goal-setting process. The diversity strategy of the company will enable it to reach the specific goals. The definite goal of the company facilitated to improve performance and increase motivation level of the employees. The goal setting model is required to be developed by a company otherwise the entire goals as well as objectives will suffer. The appropriate model facilitates a company to reach its ultimate planned targets (Hellriegel & Slocum, 2007). Goal Setting Process The company in order to enhance the performance level is required to follow three processes of goal setting model. The first step is challenging goal developed by the company. The company took a challenge to improve the performance and adopted diversity strategy. The strategy was developed by considering two major aspects of internal as well as external focus. The internal challenge is to develop the potential of employees by providing them with tools, opportunities and resources. The external challenge is to relate the employees with the experience and background of the market where the company was operating. This challenge had to be faced by the company in its daily operations (Hellriegel & Slocum, 2007). The second process is that of moderating. This step would recognize the ability of the company to meet its goals that have been committed. In this process the company received feedback from the employees regarding the improvement process that has to be implemented. The company generally focused towards the committed goals in this process and thus for goal achievement, various complexities have been raised. The next process involves mediating; at this point the company moved on a specific direction and gave utmost efforts with strong determination to reach the strategy that has been set. With such positive attitude the company gained positive performances from the employees (Hellriegel & Slocum, 2007). The company provided rewards to the employees owing to their effective performance which resulted in increase in satisfaction level of the employees. The ultimate result of all these processes was the achievement of the company in fulfilling its challenging goals (Hellriegel & Sl

Skadurz Pro Case Essay Example | Topics and Well Written Essays - 500 words - 1

Skadurz Pro Case - Essay Example Skateboarding and snowboarding used to be fads, but they have matured into mainstream sports events. At the same time, they have maintained their following as a hobby for many amateurs. Both as a sport and a hobby, the patrons of this activity are either adolescents, teen-agers or young adults, as the activity is too strenuous for older adults. Also, it may be assumed that the clothing lines carried by the stores are those that cater to the youth’s tastes and preferences. Greater safety consciousness has prompted the use of mandatory safety gear, including helmet, elbow and knee pads, items which could be included, as it most likely was, in the goods for sale in Skadurz. This would have added to potential sales in the stores. Location: Sudbury is a relatively young city, with the median age at 39, and about one-third of all the residents are below 25 years of age. There are also a dozen high school in the are, two colleges and one university, indicating that young people residing outside the city would certainly be visiting it on a regular basis, because they would be enrolling and studying in these academic institutions. Maintaining the status quo would entail no extra expense, but store performances may suffer if Connie retires and Joel takes over management of both stores. Hiring a new manager may be needed. Also, this does not address the threat of the new competition If South End were shut down, the advantage is that New Sudbury accounts for approximately 60% of the sales and the profits (see Table 1), and thus has a stronger market. The disadvantage is that the existing market may weaken because of the new competition in the area (West 49), and if this store fails, then Skadurz would have lost both South End and New Sudbury markets. If New Sudbury were shut down, Skadurz would immediately lose 60% of its sales and profits. On other other hand,

MACROECONOMIC and MICROECONOMIC ANALYSIS Assignment

MACROECONOMIC and MICROECONOMIC ANALYSIS - Assignment Example Demand and supply factors Gazprom operates in the industry of natural gas. From the supply side the factors affecting sales of the company and its profitability are weather, demographics, economic growth, fuel consumption, storage and exports. From the supply side the factors affecting sales are pipeline capacity, storage, gas drilling, natural phenomena, technical issues and imports. The demand of natural gas has followed the cyclical pattern. It depends on time and season changes. The peak season of demand is the coldest months while demand is low in the hotter months although demand increases slightly in summer to meet the requirements of electric generators. The price of natural gas can affect demand of particularly those consumers who have the capacity to switch the fuel of their dependence. An expanding economy tends to give rise to more demand for the industrial consumers. (EIA, 2008). The supply and the price of electricity will affect the demand for retail consumers. Restruc tured electric industry is expected to keep stability in electricity price. Deregulation of market for natural gas and competition may reduce the prices in the long run. WPA report states migration of population from southern to western states. Supply of electricity is required for the nation’s space cooling agency, energy is used for space heating, and migration may reduce the demand in these sectors. Stringent regulations on total energy efficiency can serve as the helping hand in increasing demand of natural gas in residential and commercial appliances. Technological advancement in the form of application operated with natural gas may compete with the electrical ones providing a huge increase in demand. Market Structure A straight forward market structure characterized the market for natural gas prior to deregulation and unbundling of pipeline. (Natural gas, n.d.). The industry has changed dramatically in the present times and exposed to choice and competition. Free market regulates the prices. Interstate pipelines offers on the components of transportation which is under the regulation of the federal. LDCs are continuing to offer bundled products although many states allow the use of distribution network but only for transportation. Producers or LDCs are the supplier to the end users. Marketers are present in the existing market structure. They serve in the process of mobilizing natural gas from producers to end users. Marketers can have their mark in sale and transport of natural gas. The simplified market structure is presented diagrammatically as follows: (Natural gas, n.d.). The regulation of the environment also has its effects on constructing the market structure. The actions taken by the federal and the related agencies can have significant impacts on the functioning of natural gas market (The Natural Gas Supply Association, 2006). Requirements to compete in the market The market for natural gas tends to be profitable as they enjoy monopoly p ower. To maintain the profitable positions the company should prevent discriminatory and preferential service. Investments which are inefficient and strategies of unfair pricing should be avoided. The company should ensure service of high quality. Measures can be undertaken to prevent wasteful duplication of facilities. The company can act as a substitute where