How Did Japan's Successful Adaptation to the Challenges of Western Imp Essay - 1

How Did Japan's Successful Adaptation to the Challenges of Western Imperialism and China's Failure Complete - Essay Example Similarly for China, to revive an economy that was devastated by the ravages of a long civil war, and turn it into one of the fastest growing economies by the end of the century was a truly laudable achievement. Japan moved from a limited democracy with a semi-divine monarch before world war II, to a thriving progressive one by the last decade of the twentieth century. China, on the other hand, transformed from a communist form of government at the end of the civil war, to a more modern form of socialism using reform and an opening of its markets by the end of the century. At the beginning of the twentieth century, western powers like Britain, France, Germany, and Belgium had grown rich and powerful through the acquisition of colonies in Asia and Africa. Japan sought to imitate western imperial powers by acquiring foreign territorial possessions because of the power and prestige associated them. The frequent provocation by western powers, their racial prejudices towards Asian people; as well as its own concerns for its territorial and economic security, led Japan into a series of wars in China as well as other South Asian countries. This was done mainly to increase its sphere of influence and to secure much-needed markets for its goods. The disastrous results of trying to imitate western imperialism saw Japan reduced from a dynamic Asian empire in the 1930s and 1940s to a small group of islands in a western dominated order by the end of WWII. The result of the second world war changed Japan’s fortunes. Devastated by the atomic bomb and over-populated due to the return of its people from   Manchuria and Korea, a starving Japan was forced to accept free food from America. The impact of this on the Japanese people was naturally profound and resulted in a steely determination to return to a position of power in the new world order. Japan had to begin over again the process of developing industry and self-sufficiency. One advantage it had was its talent pool in terms of educated people in the field of science and technology. Another was its strong belief in free enterprise and its expertise in managing industry in such an environment.  

The Dividend Received Deduction Term Paper Example | Topics and Well Written Essays - 1250 words

The Dividend Received Deduction - Term Paper Example This paper broadly explores the concept of dividends received deduction. Dividend moves from one company to another before it reaches an individual taxpayer, who happens to be a shareholder in the receiving company. For example, if there are two corporations, A and B in such a way that B has shares in A then the dividend will be taxed twice before it reaches the final shareholder, who also will be taxed. This means there will be two 35% taxation at the corporate level and one 23.8% at an individual taxpayer level hence making the real tax to be nearly 68%. This would even be worse when the dividend has to move a long a series of corporations before it reaches the final stockholder. For example, a situation where company A pays dividend to company B who then pays to C that in turn pays them to the individual shareholders. Following the above stated reasons, pertaining to double taxation, dividends are not taxable thrice or more. As a result, dividends received by a company will be 70% tax-free. Rumpf (2011) asserts that this condition holds unless the corporation in question faces disqualification from this privilege due to some reasons. Even so, when deciding an individual’s dividend income, it is essential to comprehend or, rather, take into account the relationship between dividend and other taxable partaking such as straddles and constructive sales. The history of dividends received deduction is completely different from that of certain income of tax-exempt corporations. Revenue Ruling 104, 1953-1 C.B. 68 fully explores the policy. According to this ruling, the belief that a corporate tax is paid prior to earnings from which the dividends are distributed supports the credit for dividends earned. In other words, a corporate tax had been paid on the proceeds that give rise to dividends ahead of the distribution. According to Rakshit and Sarkar (2013), this