It is costly and takes time for a company to investigate a fraud case. Sometimes when fraud cases are prosecuted, the sentences they receive is very light compared to what they have done to the company. This discourages companies to report fraud. If the company doesn’t report a fraud on the other hand would have many problems. First of which, those who have acted illegally may think that they have not received any consequences to their actions and might repeat their actions in another workplace.
In effect, the scheme asks businesses and consumers to help the government, and it encourages people to use this system by offering lower prices for goods and services. MBBS is attractive to consumers because it appeals to people’s desire to find the best deal for a good or service. MBBS Economic Appeal In MBBS, there is no statutory obligation to buy bonds. The scheme relies entirely on the basic human instinct of getting the best deal. Unlike Singapore’s current indirect tax system, MBBS will attract people because it offers guaranteed discounts on goods and services.
Bond Value: The MBBS bond value is the price of goods and services, which is twice the value of a current dollar value. Bond: A MBBS bond replaces all indirect taxes, custom duties, excise taxes, surcharges, and all other levies. The cheaper the bond, the less tax paid by a consumer or business. Actual Price: In MBBS, the actual selling price is the price a subscriber or consumer has to pay, and this price depends on the cost of bonds. The cheaper the bond, the cheaper the price of the commodity or service provided by the government.
④Fourth, shares can help companies to raise companies’ money because share broker is acting as an intermediary between buyer and the seller of share. The ordinary roles that shares played in society is to help companies to raise money. The companies can through issue shares to collect idle funds from society. They can raise their capital. The investors can increase their stock dividend and their capital in these companies as well.
PTSB will offer special rates for loans and mortgages for customers who have been loyal to their bank. Relationship based pricing is the future for banks since a large amount of banks are providing competitive interest rates etc. (Oracle,
Economic growth also plays a role in reducing debt to GDP ratios. Improved public services. With increased tax revenues the government can spend more on public services, such as the NHS and education e.t.c. Money can be spent on protecting the environment. With higher real GDP a society can devote more resources to promoting recycling and the use of renewable resources Investment.
Financial fraud have increased considerably over the years and it is likely to continue if not adequately dealt with. The Association of Certified Fraud Examiners (ACFE) “2012 Report to the Nation” is one study that describes the losses that an entity may experience as a result of fraud; A typical organization losses approximately 5 percent of its annual revenue to fraudulent acts. The cost of fraud to business and public can only be estimated as many crimes go unreported. Fraud can have substantial impact on a business no matter what size it is. Damages done to business organizations can be enormous ranging from financial loss, problem of public trust in the organization, shattering the company’s culture and morale and increase in audit costs.
This is a clear representation of what people are willing to do to others to benefit themselves to the full extent. 10. No I do not think it is ethical for public money to be used to bail out private intuitions in financial difficulties. The governments money was earned by the citizens of the country and is given to the government to develop the country through infrastructure and sustainability of the country. The tax payers money is not given to the government to fund business that have made incorrect decisions or unethical issues which have led to a financial crisis.
1. The benefits of international trade: Encourage a nation's economy progress: International trade allows a country to utilize its resources to the highest extent. Moreover, different countries possess different kind of resources, so some countries can manufacture and offer same goods at the cheaper price (Heakel, n.d.). In addition, international trades also help to sell the surplus products in domestic market to foreign market which prevent price falling in home market (Patel, n.d.). Lastly, companies can source cheaper and/or better raw materials from import making them more sustainable and profitable.
Issuing securities, bills and government bonds, is usually how governments borrow. Borrowing from a supranational organization is another option for less creditworthy countries. There are many aspects that a sovereign debt changes inside and outside countries, like the maturity of the debt, the currency which issued the debt and finally the nominal or real interest rate offered by the debt. In theory, it is risk free, as the government will exert extreme measures to insure the repayment. But not all countries are so stable.