In India, leasing is not a new concept; leasing transactions took place around 2000 B.C, when Sumerian farmers leased tools from temple priests. Over the Centuries, leases have served many purposes and the nature of legal regulation has varied. Leases, for example, were mainly used for agricultural purposes until the late 18th Century and early 19th Century when the growth of cities in industrialized countries had made leases an important form of landholding in urban areas (Clark, 1978). The first leasing Corporation in India was set up in seventies, named “First Leasing Company of India” which was promoted by Chitambaram Group in 1973 in Madras, by Farouk Irani with industrialist A.C Muthia. However, sluggishness in the growth of leasing companies was …show more content…
It is an alternative to ownership and supports in obtaining funds when other sources are either exhausted or are not feasible and thus a viable tool for maximizing the profits of a corporate entity. Entrepreneurs prefer leasing because it enables them to acquire equipments and make regular payment through earnings generated from use of such leased equipment. Leasing is highly beneficial if the equipment can generate additional earning over and above the lease rental. Thus, leasing is the most popular method of financing and is in the growth finance sector. The lessor will be able to gain from such lease in the amount of tax reduction call a tax shield that a company will be able to claim. Tax incentives lie at the basis of the rapid expansion of the leasing sector in industrialized countries. In order to facilitate entrepreneur’s access to finance for productive equipment, many countries have embraced a tax system that is conducive for both lessor and lessee. The lessor, treated as the owner of the equipment registers the full lease payment (principal and interest). The lessee claims the lease payment as deduction from taxable
Direct taxation It is tax that is directly paid by an individual or an organisation. 50. Interest rate It is a part of a loan that is charged as interest to the borrower. 51. Investment spending Investment spending is done by firms and is injections into the circular flow of spending, income and production.
Id. Under the provisions of a Maryland use tax statute, which required the vendor to collect and remit the tax, a Delaware corporation was held liable by the Maryland state courts for the tax on all goods sold directly to inhabitants of Maryland at the corporation's store in Delaware, however delivered. No orders by mail or telephone were taken. However, the vendor's advertising with Delaware papers and radio stations reached the notice of Maryland inhabitants; its occasional sales circulars mailed to all former customers included customers in Maryland; it delivered some purchases to purchasers in
The growing economy was slowly becoming satisfied by the large consuming behavior, creating
Introduction Dunkin’ Donuts is world’s dominant baked goods and coffee chain (DunkinDonuts.com, 2014). It was first founded in 1946 by Bill Rosenberg with the name Industrial Luncheon Services that focus on providing quick meals and snacks to staffs in Boston. As the operations of Industrial Luncheon Services got successful, Rosenberg continued to found the doughnut coffee shop called Open Kettle in Quincy, Massachusetts. After two years of operation, the name Open Kettle was changed to Dunkin’ Donuts (Entrepreneur, 2014). Since then, Dunkin’ Donuts has spread rapidly over the United States and is now operating in more than 32 countries across Asia, Europe, the Middle East, South America, Latin America and Oceania (Dunkindonuts.co.uk, 2014).
Employees’ output is subpar and does not conform to the expected or stipulated levels. This has adverse effects on downstream automakers because they must contend with delays in the supply of side mirrors. It also results in missed deadlines, which erodes customers’ confidence in the organization. Sluggishness among employees also results in a general rise in overheads (Beer & Collins, 2008). For example, the organization must airlift completed parts to customers to shorten delivery times in the face of production delays.
Franchising Gong cha is a successful international beverage franchise specializing in Tea, Juice and Coffee. Started in sunny southern-western Kaohsiung, it has grown to more than 860 stores across 18 countries worldwide as of 2014, with a catalogue of over fifty-seven drinks and now it is still growing (Gong Cha, 2010). Franchising strategy is one of the entry mode that can recommend to Gong Cha to expand overseas.
The areas to improve on are determined by the amount of resources needed and the different methods used by other companies in the market. If the improvement requires more resources than the company can manage and is necessary for boosting the organization’s performance regarding competition, the company might consider borrowing resources. Thus, after the improvement, the company can use the profits accrued to pay the money borrowed (Zhu,
Continuous increase in tax for luxury vehicles where Driverless Cars also falls in this segment. 2. Growth of the City: TN Cities recorded lowest growth in 3 years due to Political uncertainty. 3. Back to Back Economic Crisis & downturns already
Tilly has developed a business plan to start her business and is deciding on the structure and how she will finance the start up. Additionally, Tilly would like to structure her business in a way to protect her personal assets, “A sole proprietorship is the most common form of business organization. It’s easy to form and offers complete control to the owner” (www.irs.gov). A sole proprietorship is one of the business structures mentioned as an option for Tilly.
Alfred Schindler had been working to transform Schindler into a customer-oriented service company and saw India as a major opportunity as price and service were both major factors in purchasing decisions there along with the fact that there was very fast growth in the urban environments. India had passed a law that forced slightly higher quality elevators to come to market due to safety regulations. There was also a political decision by India that allowed for 100% wholly owned subsidiaries, which made it the perfect time to send Napoli there to start up Schindler India (CAGE Framework). Because Schindler India is a wholly-owned subsidiary, the control over foreign activities as well as the amount of resources committed to the foreign market had to be very high. Unfortunately, the amount of resources committed to India was low, which led to the third key issue in the case in that Shindler India had an inability to quickly adapt to unforeseen geo-political, economic, and intercompany changes.
Another common response that these people gave was the rate of employment and wealth as another major factor to the sector’s
What Is an Employment Agreement/Contract Employment? An employment agreement, or employment contract, is a binding contract between an employer and employee. It is usually a written, rather than an oral, contract. Employment agreements generally address important aspects of the employment such as wages, benefits, termination procedures, covenants not to compete, and the duties and responsibilities of employer and employee.
The envelopment is a maneuver in which a secondary attack attempts to hold the enemy 's center while one single envelopment or both flank (Goodman, R.E.M., 1993). Double envelopment is where the enemy is attacked or overlapped in a push to the enemy 's rear in order to threaten the enemy 's communications and line of retreat. This forces the enemy to fight in several directions and possibly be destroyed in position. New variations include vertical envelopments or Airborne Troops or airmobile troops and amphibious envelopments (Goodman, R.E.M., 1993). Noted single envelopments were accomplished by Alexander the Great at Arbela in 331 BC, Robert E. Lee at Chancellorsville in 1863, and Erwin Romme at Gazala in 1942, leading to the capture of Tobruk (Goodman, R.E.M., 1993).
1. Introduction Rent controls, also known as rent regulations, were introduced in the 20th century and are still a serious issue in several countries. The introduction of rent controls came about as a result of historical events and evolved throughout decades. “The controls imposed during the 1970s differed significantly from the first-generation rent control programs. They have been termed variously ’soft Rent Control’, ’second-generation’ rent control, rent review and rent regulation” (Arnott, 1995, p.101).
The employment growth has not been proportionate with population and GDP growth. The fact that there has not been any significant growth in employment despite considerable acceleration