Essay About Taxation

The federal and state governments provide the American citizens with all of the basic necessities within our communities and society that is taken for granted. Programs responsible for assistance in times of need, providing a quality standard of living, and maintaining the strongest military in the world costs incomprehensible amounts of money and could never exist without taxes from the American people. Taxes are payments made by individuals and businesses to support the government and its services. The constitution grants that congress “shall have the power to lay and collect taxes, duties, imposts, and excises and to pay the debts and provide for the common defense and general welfare of the people”. Taxes paid by Americans redistribute

There is no demand to watch soccer”. But, Abe Metamoros believes other athletes should get paid. “Yes, pay the football players, but not the athletes in the non-revenue sports.” According to Ekow Yankah, it couldn’t hurt by paying these athletes more because, “The athletes in major football and men’s basketball programs are

The UEFA Financial Fair Play (FFP) Regulations have come to terms in 2009 and it has been widely discussed due to the nature of the rules that was imposed on the clubs. The aim of this short essay would be to discuss the impacts of FFP Regulations on the competitive balance in European Football. The first section of this essay is an introduction to the UEFA FFP Regulations. Second, we briefly introduce the Fort and Quirk Model that will be used to analyse the effects on competitive balance. Thirdly, we look at findings from sports economists on the FFP Regulations. The final section will be a conclusion and summary on the effects of UEFA FFP Regulations on the competitive balance of the leagues.

With the number of clubs which have participated in the UEFA competition over the past 12 years, a sample size of 6 teams will be selected for this dissertation. These clubs who must abide by Financial Fair Play regulations to participate in their competitions are Arsenal, Manchester United, Chelsea, Manchester City, Liverpool and Tottenham. It is also important to note that all clubs selected in this analysis has expense greater than €45 million, as UEFA’s break-even rule is subject to an exception of an acceptable deviation up to €45 million if the shortfall is covered by equity investment. As the Financial Fair Play has been in existence since 2010, financial statements and balance sheets for the selected clubs and the league have been

Although, the case study of Manchester United gives us a good example of a brand’s ability to globalize, it does not give us a clear picture into how a league as a whole accomplishes these same goals. To get this clear picture of a successful global soccer league we can review a case study by Matthew Holt that examines the UEFA Champions League and its ability to succeed. The UEFA Champions League(UCL) was established after the UEFA European cup started to see more revenue increases based on the increase in television and digital technologies. (Holt, 2007) The goal of the UCL was to increase revenue through a newly structured European club soccer league. The first way that UCL accomplished this was through centralized marketing. This was accomplished through selling the television rights as the UCL brand rather than allowing the clubs to individually sell the rights to the games. This increased the value of the television rights and in turn increased the profitability of the clubs. (Holt, 2007) UEFA sold this UCL brand

The authors of this article discuss if the student-athletes would need start getting paid for their talents on the field and how that would affect the sports in college universities. One of the main arguments was that some universities in certain states where income taxes are low would have an advantage over other universities located in states where are high income taxes. Another implication is that NCAA considers all of the athletes’ as amateurs and getting money for their talents while playing for the university would make them into professional status. Also, the researchers suggested that there is a high probability that in the near future the student-athletes might get started being paid for

The issue that is being investigated are between two Spanish “football” (soccer) teams – which team is ultimately better? Both giants in their own right, Barcelona and Real Madrid have traded success and feuded for a very long time. Both sets of fans have fought over which team is better – comparing players, stats, style of play, managers, stadiums, etc.

The controversy between the owners and players concerning how to account the expenses is crucial to understand if the company could be profitable and then able to meet players’ requirements. In this case three problems are under the scrutiny of the arbiter: roster depreciation, player compensation and the transfer pricing of related party operation, thus issues regarding the stadium cost. Players and owners are struggling against each other in order to win the bargain trying to force and emphasize their own reasons. Since they have not reached an agreement yet, a super-partes moderator has been asked to figure out the outcome of the bargain, relying on good and rational

The issue of great sport stars going bankrupt is a very common thing in the present time they are just spending way too much money on things don’t need and not putting any of their money to save as most of them are fresh out of college and some could of come from an extremely poor background and for the first time being able to spend money on what they want it never goes well.

The $500 Euro note will be beneficial for Europe, but this part of the underground economy is not the biggest problem. Of the many criminal activities involved in the underground economy, the biggest influence are tax evaders. The Organization for Economic Cooperation and Development says that regulation is responsible, not tax collection. Numerous studies and other sources disagree. Mary H. Cooper, writing for

“Panama Papers: The Real Scandal Is What’s Legal” by Brooke Harrington was written on April 6th, 2016 and published in ‘The Atlantic’. In this article, Harrington stresses the idea that tax avoidance and offshore finances are entangled with the acts of many governments seeing that it is what stabilizes the economic growth of a country. The author discusses the link between the Panamanian wealth management firm Mossack Fonesca, to a numerous amount of financial crimes. The “Panama Papers” are documents that consist of firms who are allegedly involved in fraud, money laundering, and theft. No country would even think to create strict laws towards ending tax evasion because it would hurt several economies and firms like Mossack Fonesca whose

Football has seen itself undergoing a paradigm shift in the past decades. As European football grew into the gigantic monolith it is today, an inflow of money found its way into the coffers of the Union des Associations Européennes de Football (UEFA). The Financial Fair Play (FFP) regulations were initiated in principle to create a level playing field between clubs owned by business tycoons and those who are a bit more moderate in comparison. It is a sad sight that today, European club football is in truth, nothing short of an oligopoly of about ten clubs. This distorts the competitive balance not only among them, but among leagues all over Europe. Even though the FFP has been roped in to prevent this there have been widely publicized doubts over its claims of causing a harmonised and tighter regulation for all European clubs. It might be ineffective owing to its incompleteness, plausible inefficacy and humungous costliness. Even though the regulations are welcome with regards to controlling debt, hopes that it will make football more ethical and competitive, are foolhardy. Only time will tell as to how the ‘beautiful game’ will respond to FFP and how ‘fair’ and effective it really is.

Corruption in soccer is a leading cause of biasedness in the game, and a major step must be taken to make the game of soccer less corrupt and fair. “The Beautiful Game” quoted by many supporters and followers. Soccer is the most loved and followed sports with about four billion followers and supporters throughout the world. The large fan base comes great responsibility to the governing bodies which manages the different competitions played throughout the world. Sepp Blatter, who served 17 years as the president of FIFA (The Federation International de Football Association) the most powerful and important governing body in soccer, has been taken to court for the charge of corruption and was banned for eight years to involve in any activity related to soccer. The lately reports came to show that FIFA officials have taken a total sum of $21 billion as bribe to vote for Qatar to host the 2022 world cup. The article “US Attorney General reveals FIFA corruption probe is ongoing as first trial approaches”, gives us a detail about how the officials has been taken to court for the charges of corruption. This article was published on January 14 by Rob Harris for The Independent. Also, the article “Corrupt

In this assignment I will be exploring the ways in which Internal and external factors have an impact on the core revenues of Clubs and how clubs themselves can potentially help put the factors in their favour. Topics such as Fans and their behaviour and Player conduct on and off the pitch will be explored. Things that can occur which clubs have little or no power over – such as a major political shift – which can affect a clubs income will also be covered.

Taxation systems are usually modeled in such a way that they take into consideration the social welfare of the citizens. The government and other policy makers have the responsibility of ensuring that the system takes into account the needs of the citizens. The bottom line is that taxation should foster equal distribution of resources. The rate of taxation is usually arrived at after several considerations have been made. The rates are not fixed as they depend on the various economic changes. The issue of how taxation should be distributed among the different economic classes is yet to be addressed.