Corporate Tax Management Essay Example | Topics and Well Written Essays - 1500 words

Corporate Tax Management - Essay Example On the contrary, hiring employees on the permanent basis can procure long-term benefits for the employer. Thus starting with the measurement of tax benefits for employers favouring the temporary staffing, the paper moves on to the evaluation of long-term benefits the employer could attain by engaging employees on the permanent basis. During the recent years, there has been a massive uplift in the staffing activities of intermediary companies in the United Kingdom. There are abundant factors that contribute to the uplift in the trend on the part of both the employers and employees. Employees are of the view that self-employment on the temporary basis pays more than the permanent employment as there happens to be several opportunities for them to enter job markets. They often associate it with the flexibility of working conditions and requirements. There are also some skilled persons whose skills are highly demanded by the employers and in order to make the most of their skills, they prefer to work on contractual basis rather than working and clinging permanently to the same company. On the part of employer, however, there appear to be several other factors that encourage them to go for intermediary companies in the pursuit of temporary workers. ... It not only saves the employers from the legal responsibilities but also to the great extent facilitates in the employers' intention to evade taxes that are otherwise payable on the permanent hiring of employees. The investigation by the UK treasury confirms that there has been an increasing tendency on the part of employers and corporations to evade taxes by way of staffing through intermediary companies. The current UK taxation system allows certain exemptions on the taxes to be paid in the case of temporary employment by the employer, which consequently encourages the employers to use this strategy to avoid their tax liabilities. UK law clearly defines and differentiates the meaning of employees and temporary workers so as to explicate the tax liabilities as well as exemptions and also to avoid any exploitation of these terms by any of the parties. However, it fails to recognise the probable exploitations of loopholes in tax laws concerning the temporary employment on the part of the employers. Therefore, the present UK tax system in the form of tax credits or tax exemption allowed in the case of temporary employment encourages to a great extent the exploitation of laws for the purpose of tax evasion on the part of employees. Although staff engagement only via the intermediary companies and not through permanent employees does not in the direct sense implies the employer's intention of tax evasion, but the increasing trend as evident in UK and also the decreasing tax payments due to the provision of temporary workers by the intermediary companies indicate the fact that there exist some significant loopholes in the tax system that aggravate the current situation. In

Ecology - sprawl field trip Essay Example | Topics and Well Written Essays - 750 words

Ecology - sprawl field trip - Essay Example Accordingly, this brief essay will consider but a few of these factors with relation to the field trip that was engaged upon by our class outing to the Sprawl site earlier in the semester. The first and most pressing ecological concern is the fundamental way that the Sprawl region and growth of infrastructure and Big Box retailers has fundamental changed the water runoff for the region.1 Although adding parking lots, interchanges, and large multiple thousand square foot warehouses is itself harmful to the ecology and environment of the given region, the particular region in question experiences these negative points in a compound sense due to the overlapping nature of how one big box retailer is practically side by side to another which is side by side to a large highway interchange. This compound effect causes the drainage and water runoff of the region to be fundamentally changed in a highly negative way. Firstly, such a situation means that not only is water flow disrupted from it s normal course but a high number of added pollutants are introduced into the water table as a result of the large number of parking lots that have been added. Although seemingly benign, parking lots serve as collection points for all manner of pollutants and disrupt the flow and absorption of water into the environment in question.2 Due to the fact that cars leave all manner of fluids behind where they have been parked, it is conceivable for everything from trash associated with packaging from the store, to oil, to brake fluid, to transmission fluid, anti-freeze, and a host of other chemicals to collect on the tarmac and find their way into the water table once a healthy rain has washed over the area. Hence, the disruption of the water flow itself is but the first concern; the larger concern is concentric upon the fact that key pollutants are introduced with the presence of a number of parking lots and highway interchanges within the region.3 Of course, the issue is further compoun ded by the topography of the region in question. Whereas a general dilution of these negative environmental aspects would be seen if the topography of the site were more elevated and allowed for a greater diffusion of these pollutants prior to reaching reservoirs of lower lying land, the fact of the matter is that Big Box retailers of course seek the â€Å"perfect site† which will invariably be located in a somewhat flat or low-lying region.4 This is generally the case due to the fact that the Big Box retailers, strip malls, and other such firms want to spend as little money as possible on site improvement and grading. Hence, the ecological impact of this is the fact that the topography of the site and the presence of the pollutants readily find their way directly into the reservoirs and creeks/streams/rivers of the given site. The same can of course be said for the Sprawl site that was visited earlier in the semester. When one considers the map of the site and sees the prese nce of t