Termination payments and local authorities
Article Abstract:
The UK Board of Inland Revenue has ruled that termination pay for local government employees are taxable in some instances but may be exempted under certain rules. Interpretations and applications of the Income and Corporation Taxes Act of 1988 have been conflicting, making taxation of termination pay subject to various memoranda made by the Board. However, in Jan 1992 the Board ruled that lump sum payments are exempted from taxation. The same ruling also provided for the tax exemption of gratuity payments under a pension plan. All other payments are taxable.
Publication Name: Public Finance and Accountancy
Subject: Business
ISSN: 0305-9014
Year: 1992
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Homelessness in America: causes, consequences and solutions
Article Abstract:
A study of the cause and effect of poverty and homelessness in America indicates that, compared to the traditionally homeless, recent homeless comprise visible, younger people, more women with children and more ethnic minorities. The policies addressing the problems related with homelessness may be grouped into health, economic, housing, social programs and religious approaches. Various programs aimed at providing short-term rehabilitation along with strengthening personal responsibility and reforming the welfare system are essential.
Publication Name: Journal of Interdisciplinary Studies
Subject: Social sciences
ISSN: 0890-0132
Year: 1995
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JAPANESE MAJORS POST STEEP PROFIT DECLINES
Article Abstract:
Sony Corp reported an 86.2% net profit decline to $134 million despite an increase in sales. The company increased 9.4% to $58.52 billion. The losses are attributed to economic conditions and the slowing down of personal consumption. Forecasts predict furthur decline of the market which will adversely affect the rest of the world.
Publication Name: Consumer Electronics
Subject: Telecommunications industry
ISSN: 0362-4722
Year: 2001
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