Hobsons Choice by Harold Brighouse Essay -- Hobsons Choice Harold Br

"Hobson's Choice" by Harold Brighouse Analyse the events of act one and discuss how the playwright, Harold Brighouse prepares the audience for the transformation of Will Mossop's character as seen in act four. Hobson's Choice was set in the Victorian time of 1880. It was written in 1915 and is a Lancashire comedy that also refers to class. When Maggie marries Will, it is seen as a disgrace because Maggie is marrying someone of a lower class. Hobson's choice shows the rise of Will Mossop (a boothand) who is a nervous, unconfident man and how he changes when he marries Maggie, the daughter of Hobson. Maggie is the complete opposite of Will and she transforms him. It shows Hobson and others around them disagreeing with the wedding. In this essay, I am going to analyse the transformation of Will Mossop from act1 to act4 and say how he has changed. We first see Will Mossop when Mrs Hepworth, an important customer of Hobson's enquires about who made the boots that she has. "Who made these boots?" Mrs Hepworth seeks the assistance of Maggie to find out who made the boots, after getting nowhere with Hobson. This puts Hobson out and he still tries to interfere and show his importance. He assures Mrs Hepworth that he will make the man that made them suffer if there is anything wrong with them. "if there is anything wrong I assure you I'm capable of making the man suffer" Will appears from the trap door. He is lanky man who is not stupid, but has been stunted mentally. His clothes are poor and shabby but he has qualities and charm in him. When Mrs Hepworth speaks to him he is nervous and when she goes to give him her card he ducks expecting a blow of her. In the film version when we first... ... doesn't take no for an answer from Hobson. In Conclusion I feel that Maggie is solely responsible for the change in Will. Since she dragged him into marrying her he has changed into a strong, self-confident and self-assured man. At the end of act 1 he shows that he won't be bossed about by Hobson and becomes determined to marry Maggie. He turns into the strongest man in the play from being the weakest. He now knows what he is doing in life and is not afraid of changes as he was at the beginning of the play. He is now successful and respectable but he doesn't gloat or boast over Hobson's misfortunes. At the end of the play he shows of all his new qualities. Will's change has happened for the best for him without a doubt but not for Hobson. Hobson used to be in charge of Will and boss him around but now the tables have turned as Hobson now needs Will.

Rich Con

As a president off company, Marty should have concentrated on overall management of the company and lead it to meets its strategic goals. Instead, she became intimately involved in integrating the new IT system which demanded more than 75% of her time which she did not plan for. If Sawyer had appointed a board with IT expertise as well as Individuals with industry and process expertise, she could have been moderately involved with the project with more time to spend on the operations of the company.Deliverables from this IT am would then be from selection of an IT system based on Rich-con's need to flawless implementation of the system and then follow through its effectiveness for a period of time to make sure It Is working properly for all conditions. Lack of Fit-Gap Analysis: The business requirements were not defined to the vendor. The vendor did not care to understand the structure of the company, or the IT systems that Rich-Con already has in place. They were not familiar with t he knowledge and expertise of the staff and the expectations of the customers.Marty and Rich-Con Pete for an â€Å"off-the-shelf† software package to implement in their organization. The selection process of the new IT system was based on some factors true for metal industries and some generic questions posed by Marty. By doing so, Rich-Con failed to recognize the Incompatibility risk of the replacement IT system. C. Omitting test phases and pilot launch prior to mass deployment of the new IT system: Any big change implementation should go through several testing phases with progressive maturity of features.Rich-Con failed to work with their vendor to customize the new system and test it out at multiple phases. They also did not go through a pilot launch phase to pick up a portion of its operations, rather than forcing the whole operations Into this new system all at once. With test phases and plot launch, employees would nave gotten ten opportunity to test out ten system, of fer important feedback which would have resulted in minimal disruption to overall operations, should something go wrong. D.Insufficient training for transition to the new system: Marty Sawyer relied on the vendor to train her employees to learn he new IT system. There was no incentive for the employees to learn this system since they did not understand how their Jobs would change once the new system was in place. The vendor did a very poor Job in offering training since they took a push vs.. Pull method to offer help. They waited to be asked questions on features and usage rather than establishing a standard implementation methodology and guide the customer through that.The frustration of Marty showed in her comment, â€Å"We had people come in and do training. It Just never really took on a life of its own. † e. Lack of customization of application software to fit the need: Even though the vendor indicated that they would accommodate requests to modify the software, Marty di d not take advantage of that. Rich-Con did not get the software tailored to fit its unique needs. In comparison, Marty spent time to configure the software to align with Rich-con's business needs and importing all existing information to its database.Overall, to replace Rich-con's antiquated IT system, Marty took a centralized decision making approach, rather than decentralization it to engage leads from every functional apartment of the organization. She lost important inputs from different work groups in that process. Other issues that Marty needed to manage simultaneously were to address Union problems, ensure that management of making the newly purchased Round operational, and address the reason of dropping sales figures and the inefficiency of the new management team.All these issues compounded and created a disaster for Rich-con's operations. Question 2: Which CUBIT governance processes might have prevented these problems? The CUBIT governance processes that could have prevent ed these problems lie within Planning and Organizing' and ‘Acquiring and Implementing the software implementation process at Rich-Con Steel. Although ‘Delivery and Support' and ‘Monitoring and Evaluation' are critical components following the implementation of new software, the problems could have been avoided if the two former processes were defined and followed.

My Personal Code Of Ethics Essay - 1845 Words

A. My Personal Code of Ethics 1. Core Values I am an Accounting student at the University of Baltimore. I have a list of core values in my mind, and I try to follow these values every day. When I make decisions in my life, I look at these values to make sure my decisions align with my values. My top three core values are career, family and friends, and personal growth. Within each core value, there are other values that I like to consider in my daily life. My first core value is career. I moved abroad at very young age by myself in order to improve my second language. I worked hard for two years, started and finished my A.A. with summa cum lauder status, and I am now working towards my Bachelor in Accounting. All these decisions were based on my ambition in career. I want to be a recognized professional in my field, which is Accounting. I study very hard to do that. In living in this country, I not only proficiency my English as a second language, I also learned a third language which is Spanish. Within this value, I value willingness to learn, diligence, and financial independence. My second core value is family and friends. My family supports my decisions, and this is very important to me. Since I live far from my parents and siblings, in this country I also value my friends. My friends are my family. Every decision that I make, I try to think: â€Å"would my family and friends approve of this decision†. And they do. They know that my first core value is my career andShow MoreRelatedMy Personal Code Of Ethics807 Words   |  4 Pagesassignments. At the start of the semester, the first assignment was a one page paper which described our position on our personal code of ethics. The paper was written in the first person and was to follow a clear line of reasoning, and comply with APA 6th edition grammar and style rules. At the end of the semester we were to, once again, write a paper on our personal code of ethics so that we could see our maturation in knowledge and values in contrast to the beginning of the course. We were also assignedRead MoreMy Person al Code Of Ethic969 Words   |  4 PagesMy Personal Code of Ethic Personal ethic is what a person believes about morality and right and wrong. Ethic should and can give real and practical guidance to our lives: gives our best rational interests and without sacrificing others. My family, friends, and education have played profound roles in the development of my personal ethic: conscience, personal integrity, responsibility, and egalitarianism. Additionally, these influences approaches to determining what conduct is consistent with theseRead MoreMy Personal Code Of Ethics1487 Words   |  6 Pagesin savings than I ever would have had I been trying to save on my own. Since I am so happy with what Digit has done for me, I thought I’d share it with you, even though it doesn’t fit squarely in my niche. However, I figure we all want to save money, so I think you’d all be interested in what Digit has to offer. Affiliate Disclaimer: You will find a few links to Digit throughout this review. According to my personal Code of Ethics and in order to comply with FTC Compliance Standards, if the linkRead More My Personal Code of Ethics Essay2658 Words   |  11 Pagesmyself to the code and values that I am about to describe. As a person I have vast life experiences that have affected who I am and what I believe in. As a Public Relations professional it seems that our industry is often under ridicule for being unethical and known as spin doctors. As an ethical student and person I consider these key values as guiding stones to my applied ethical choices. Family, friends, school and religion have all made me the person I am today and influence my ethical choicesRead MoreThe Code Of Ethics And Values1086 Words   |  5 Pages Each individual has a code of ethics which helps to establish morals. Morals play an important part when it comes to determining what is right and wrong. You should also hav e core values. I think the most important value to have is integrity. Integrity means to be honest in everything you do and to have high morals. I will be honest, sincere, and reliable. Another important value to have is to be caring. Each and every day, I will be considerate and help those that need it. Being caring means havingRead MoreMy Personal Values: Professional Ethics Are the Foundation of Social Work1798 Words   |  7 PagesA career in Social Work requires conviction to personal values that reflect and uphold the National Association of Social Workers (NASW) Code of Ethics. Professional ethics are the foundation of social work, as the trade has an innate obligation to endorse ethical principles and basic values to advocate for the wellness of others. The core values adopted by all social workers, as distinguished by NASW, are service, social justice, dignity and worth of the person, importance of human relationshipsRead MoreEnron Case : The Smartest Guys Of The Room1149 Words   |  5 Pageshaving a personal ethical code of their own to follow so they could have avoided the influence of corruption. In view creating a personal code of ethics one must consider the aspect of relationship, honesty and integrity, work ethic, transparency and disclosure of information, and fairness. In a relationship of any kind, I demonstrate respect, patience, loyalty, and trustworthiness. It is imperative to produce and maintain these characteristics. The foundation of my personal code of ethicsRead MoreCode of Ethics and The IT Field Essay examples973 Words   |  4 Pagesis non-existent, and professionalism does not exist. A Code of Ethics are what guides the behavior of an organization, and it guides the quality that the organization will live by. When I served in the Army for 21 years I lived by a set of values that guided me each and every day, and these values laid the foundation not just for myself but for all soldiers to live by. The values of Loyalty, Duty, Self-Respect, Honor, Integrity and personal Courage are what guides the professionalism of our fightingRead MorePersonal Ethics Paper883 Words   |  4 PagesPersonal Ethics Paper Fernando De La Peà ±a Llaca CMGT/530 April 11, 2011 Thomas Poole Personal Ethics Paper Ethics plays a big role in my life and also in my company, skip ethics in any situation can means a shortcut, a shortcut to a dead-end. Ethics is the way the morale and values prevail and using ethics in life brings big rewards. Because I am beginning a new stage in my life, especially in my academic life taking a master’s degree at University of Phoenix there is no difference; ethicsRead MoreThe Ethics Of A Code Of Ethics1648 Words   |  7 Pagesmajor stakeholders can be proud of, codes of ethics are created as a set of guidelines for every involved stakeholder to follow and adhere to. In his conclusion (Lambert, 2009) states that the development and subsequent implementation of a code of ethics is a critical part of establishing a value system within the commercial crime prevention discipline. He further goes on to say that, as a value system, the success of this endeavor lies not in whether the code makes staff behave, but rather more

St Mary Spital Analysis - 1610 Words

In moving from singular case studies to evaluating the data in a wider context, details were learned about the daily life of Medieval London and the relationship between migrating and living in an urban environment reflects on health. The consistency in the recording of data allowed for minimal variation in results over the observation of the 5387 individuals. The detailed inclusion of data will allow for future comparison between data sets and there is a possibility to evaluate grave goods in conjunction with stable isotope analysis to evaluate migration and how individuals viewed themselves. Bioarchaeological Study on Health After the introduction and the exhaustive results, the aim of the monograph turns to placing the St Mary Spital†¦show more content†¦2012, 268). Today clinical studies have proven air pollution causes lower birth weight, growth retardation and malformations, particularly in soft tissue (Connell et al. 2012, 268). Many women in urban centres would have spent long times in areas of higher air pollution especially due to the low ventilation in houses and rooms, such as the kitchen. These occupation and living conditions can have substantial effects on health and by taking a wider socio-cultural, environmental and historical context (Swales 2013, 319-320) the link between these and health can be examined. Another of the important links between the environment and health, is the cause of the appearance of mass burial pits at St Mary Spital. The occurrence of mass burials in every phase of the cemetery leads to the conclusion that something was going on (Connell et al. 2012, 227) if there wasn’t enough burial space to burry people individually. The first three phases of the cemetery correlate with twenty one famines documented in the 12th and 13th centuries (Connell et al. 2012, 228-229). Whether there was exaggeration in these records or not, there were still regularly occurring poor harvests and resulting famines. Famines of specific years can be matched up to periods of burial, such as the first period, dating to the

Effective Management And Leadership Are The Foundation For...

Effective management and leadership are the foundation for the success of a thriving business. The goal of any company is to bring in sales (revenue) from the products or services that the company offers. It is imperative for leaders to develop effective decision-making techniques, which will successfully help to determine what their target clienteles wants, and needs are and how it is best to meet them. The student learner will discuss areas in which she feels that Whole Foods Market would benefit from improvement to increase revenue and strategize how to target potential new customers. The concept for Whole Foods Market began in 1978 where it has now grown to be the leading natural and organic foods supermarket. Whole Foods Market originally began in Austin, Texas; it has since grown in operation to the United States, Canada, and the United Kingdom. The original founders of the company are John Mackey, Craig Weller, Mark Skiles, the current owner of Clarksville Natural Grocery and Renee Lawson Hardy, who was then the owner of Safer Way Natural. The original four local business owners came together in a consensus that concluded, the natural food industry was ready for a large-scale supermarket format. The founders of Whole Foods Market wanted to be more than a health food store selling pills, but rather as a market that featured organic wholesome foods that catered to the health conscious consumer. From that idea, Whole Foods became the nation’s first large-scaleShow MoreRelatedLeadership Styles : Transformational Leadership1426 Words   |  6 Pagestran sformational leadership styles have a major influence on the employee motivation and organisational culture, hence influence the long term success of the business. A number of key leadership styles, together with the transformational leadership will be discussed and linked to real business-world examples. According to the research, there are three main leadership styles, specifically transformational, transactional, and laissez-faire. It has been found that a transformational leadership style is typicallyRead MoreHuman Resource Management : Final Project1545 Words   |  7 Pages1 1 BA356 – Human Resource Management: Final Project Final Project – ABC Technology Company Isaac Rushton New Charter University BA356 – Human Resource Management 2 2 BA356 – Human Resource Management: Final Project Some potential key issues impacting the success of an organization include staffing challenges. Employee retention issues and high turnover can have an adverse effect on any business. There are many factors that could possibly tie into overall staffing issues. The inability to attractRead MoreTop Years Of Success As A Regional Sales Director1177 Words   |  5 PagesTen years of success as a Regional Sales Director, leading to promotion Five years of success as company Manager, Training, Communications, Store Operations SUMMARY Positive, outgoing Regional Sales Director (District Sales Manager) with more than 15 years of proven success driving sales, developing people, and building exceptional teams at store, district, and full company levels. Passionate leader, who thrives on making a difference in the lives of customers and co-workers through service-orientedRead MoreThe Impact Of Change Management On The Organization1676 Words   |  7 PagesIntroduction Change management is guiding teams, individuals or an organization through a series of changes to move from the current state to the desired state. During this transition, the goal is to empower the people involved to embrace the changes and the process (Bassey, Solomon, and Omono, 2014). 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On a business level, these changes perhaps would contain the transformation of the internal corporate ideologies as well as enhancements in the management of human resources in reaction to intensifying workplace diversity and the evolving necessities of the workforce. According to strategy + business, â€Å"skilled change managers, conscious of organizational change management best practices, always make the most of their company’s existing culture† (Strategy + Business, 2014). Therefo reRead MoreStarbucks Vs. Executive Of Starbucks1477 Words   |  6 PagesHoward Schlutz- CEO and Chairman of Starbucks proved that dreams do come true. Starbucks Coffee Company is the textbook example proving that passion and drive are enough to start an effective business project. Starbucks bred progressively from one little homegrown business in Seattle to an international coffee giant. From the beginning, the company had a different aura to it. 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We live in a society that has incredible opportunities to change the world for the better. With the advancement in technology, knowledge, and resources, our economy in a place it has never seen before. According to Doug Levy’s presentation on Conscious Capitalism, Capitalism has been the major factor in ending povertyRead MoreThe On Conscious Capitalism By John Mackey And Raj Sisodia1918 Words   |  8 Pagesâ€Å"Those of us alive today can choose to lead the most meaningful lives humans have ever led† is a famous quote from Lynne Twist. Today, our world and economy is thriving like never before. We live in a society that has incredible opportunities to change the world for the better. With the advancement in technology, knowledge, and resources, our economy in a place it has never seen before. According to Doug Levy’s presentation on Conscious Capitalism, Capitalism has been the major factor in ending poverty

Hotel and Hospitality Management Protel SPE

Question: Discuss about the Hotel and Hospitality Management for Protel SPE. Answer: Monday and Friday are important days in the calendar of this organization. Based on the available data, the revenues generated from reservations are distinct. For instance, the Mondays revenue is the lowest as it stands at $3.4 while the Fridays reservations make $4.0 per reservation. This efficient business optimization of resources helps the resort to remain competitive in the market. It, however, targets the technologically well-informed customers who can seek online booking (Sistemi, n.d). The original booking was conducted manually, but with the Protel SPE, the firm has automated the booking process. In Xn BI Compare the selected day against the previous year and explain the differences providing support evidence taking the following aspects into consideration In the past years, the company experienced the worst booking processes on these days as it made it manually. With Protel SPE, the company has increased the booking rates and efficiency thus achieving optimal business. In fact, the hotel uses the software for rate code management including per room category, per special guests, and per season or weekend. The rate availability is also possible to determine based on early/late booking, occupancy levels, the length of stay, and cancellation of conditions and codes. Therefore, with the Internet reservations, the customers can use 2way link IDSs, web booking engines and BWI interface to BW CRS to justify its efficiency (Sistemi, n.d). In Synergy review, the day selected, review the decisions taken by the property in pursuit of achieving budget and forecast with supporting evidence on: The decisions made were high during the weekend days such as Fridays when the rate of reservations and booking were high. This decision involved proper hotel management through the high score in functionality, customer satisfaction, rate availability, and rate code managing. The Protel WBE provided the best functionality because it was integrated perfectly with the PMS and internet reservations on its website. This new hotel management system improved the speed of booking, RevPAR, and ADR. In fact, the decisions regarding the efficiency of Protel MPE was correct because involved the use of IDS interface with 2way communication regarding guest reservation and data, and room availability and pricing as explained by Sistemi (n.d). In my opinion, the property has achieved its objective and target because it has improved its service delivery. However, I would have incorporated mobile solutions for the hotel guests in different phases such as before reservation, on the hotel, after reserva tion, after checkout, and before check-in. By adopting this system, the hotel can improve its operating results. As a General Manager, how might you use the information from Protel and BI system to benefit the property in respect of Revenue Generation Customer Service New loyalty programme Protel MPE is a central property management system that has transformed the global hotel chain. Interestingly, the connected hotels can retrieve the guest information from a central database (MC, 2015, par. 2). Through the system, the hotel can make reservations, reporting, and marketing in a single package. It thus allows for efficient monitoring and controlling of all revenues, activities, and reports. The Protel MPE can help the firm to generate more revenues as customers can access services and offers a single database because it enhances total visibility into guest stays, revenues, and reservations. It provides an opportunity to the sales department to use a centralized plan to manage its sales activities. Besides, the company can utilize this system to undertake central customer relationship management (MC, 2015, par. 4). Therefore, the hotel can introduce new loyalty programs like offer low reservation costs to repeat clients by sharing such offers through the system. If a Loyalty Scheme was implemented by the property to increase customer retention, Offering discounts to customers is a good loyalty scheme whose effects would be inevitable in the business. Given the competitive pressure in the hotel and hospitality industry, the loyalty scheme would help in attracting new customers and retaining them. This will help the firm to realize a continuous flow of revenues. The expected effect on the cost of booking would be positive because many customers would love to enjoy the discounts offered by the hotel. References Protel MPE: Multiple Property Hotel Management System. Retrieved from https://mcsistemi.com/protel-mpe/ Sistemi. (n.d). Protel PMS, CRM Solutions for Hotel Management. Retrieved from https://mcsistemi.com/wp-content/uploads/2015/07/protelPMS.pdf

According To The Internal Revenue Service â€Myassignmenrthelp.Com

Question: Discuss About The According To The Internal Revenue Service? Answer: Introducation According to the Internal Revenue Services (2017) items owned by an individual meant for personal use or for investment purposes can be thought of as capital assets. Capital assets include land, buildings, jewellery, household fixtures and furnishings, securities (bonds, equity, mutual funds, bank deposits, debentures, life insurance) trademarks, vehicles, patents, plants and machinery (Dave, 2017). Upon the sale of a capital asset, the amount realised from the sale less the adjusted basis in the asset is either a capital gain or capital loss (Internal Revenue Service, 2017). When the asset is disposed of at an amount greater than the acquisition cost, then a capital gain is realised, in circumstances where the disposal price is less than the acquisition cost, then a capital loss arises. The Australian Taxation Office (2017a) computes net capital gains and net capital losses as follows Net Capital Gain = Sum of all Capital Gains realised within the fiscal year (amounts arising from managed funds and trusts are added here) Sum of Capital Losses (net capital losses arising from prior periods is added to the current capital losses) Capital Gains arising from discounts in tax and concessions given to small businesses Net Capital Loss = Sum of Capital Losses (including losses realised in prior periods) Sum of Capital Gains When computing capital gains and capital losses some factors are taken into considerations. Capital gains or losses on collectables which include items like paintings and antiques of values equivalent to or less than $500 are disregarded. Capital losses associated with collectables can only be offset by capital gains from collectables. Capital gains or losses on personal use items such as furniture and household items of values of less than 10,001 are disregarded. Asset Purchase Price Sales Price Gain (Loss) Antique Vase $ 2,000.00 $ 3,000.00 $ 1,000.00 Antique Chair $ 3,000.00 $1,000.00 $ (2,000.00) Painting $ 9,000.00 $ 1,000.00 $ (8,000.00) Home Sound System $ 12,000.00 $11,000.00 $ (1,000.00) Shares $ 5,000.00 $ 20,000.00 $ 15,000.00 Net Loss on Collectables = $1,000 - $2,000 $ 8,000 = $ 9,000 Net Gain = $ 15,000 - $ 1000 = $ 14,000 Fringe benefits are sometimes referred to as employee benefits, perquisites or perks (Klonoski, 2016, p. 52). These benefits consist of non-salary (wage) compensation awarded to employees on top of their stipulated remuneration. Examples of fringe benefits include accommodation provided by the employer (the accommodation could be fully furnished and serviced with all utilities catered for or could simply be in form of rent), insurance coverage (these could include medical and life assurance), income guarantees in case of disability, childcare, school fees, sick leave, vacation allowances, retirement contributions, household staff, profit sharing, amongst others (Ohio University, n.d.). These benefits are often considered to be indirect expenses to the organisation (International Accounting Standards Board, 2015;United States Bureau of Labour Statistic, 2016). According to the Austrian Tax Office (2017b), the taxes on these fringe benefits are paid by the employer. As such the employer withholds tax obligations that arise from benefits conferred to the companys directors, current employees, potential employees, and past employees. An employer for purposes of taxes includes sole traders, partnerships, corporations, unincorporated organisations, governments, non-government organisations, and trustees. The fringe benefits tax is payable irrespective of whether or not the employee is liable to pay other categories of taxes. The term loan encompasses situations whereby the employee owes the employer a given amount and on the day the debt falls due the employee fails to retire the debt. The amount that remains unpaid is considered as a loan. The loan advanced to Brain can be considered as a loan fringe benefit. A loan fringe benefit is defined as a loan provided by the employer to the employee at an interest-free rate or a low-interest rate (this is a rate that is lower than the benchmark rate) [Inland Revenue, 2016]. In Australia, instead of the market rate of interest, the statutory interest rate determined by the Reserve Bank of Australia is used as the benchmark rate. In April 2016, the published rate was 5.65% (Australia Tax Office, 2017b). The value of the loan fringe benefit that is taxable on the loan given to Brain is calculated as follows: Step 1: Computation of value of the loan fringe benefits that is taxable without consideration of the deductible rule Value of Loan Fringe Benefit that is Taxable = Benchmark (Statutory) interest on the Statutory Interest on the Loan = 5.65% x $ 1,000, 000 = $ 56,500 Actual Interest Paid on Loan = 1% x $ 1,000, 000 = $ 10,000 Value of Loan Fringe Benefit that is Taxable = $ 56,500 -$ 10,000 = $ 46,500 Step 2: Computation of Value of Loan Fringe Benefit that is Taxable with consideration of the deductible rule According to taxation laws, the employee is entitled to a deduction on the interest charged on the part of the debt that is used to generate income. Thus Brian gets a deduction for the 40% used for income producing purposes. The computations are given as follows: Income Tax Deductible to Employee at Statutory Rate = (5.65% x $ 1,000, 000) 40% = $ 22,600 Income Tax Deductible to Employee at Actual Interest Rate = (1% x $ 1,000,000)40% = $ 4,000 Value of Loan Fringe Benefit that is Taxable may be reduced by = $ 22, 600 - $ 4,000 = $ 18, 600 Value of Loan Fringe Benefit that is Taxable with consideration of the deductible rule = $ 46,500 - $18,600 = $ 27,900 According to the provisions of tax regulations where an employee under the terms and conditions of the loan is allowed to make interest payments less frequently than every six months, the employee is considered at the end of every six months as having been loaned separately at a nil rate of interest any amount that remains unpaid (Australian Taxation Office, 2017b). Therefore, if Brain pays the interest at the end of three years, it will be assumed that the rate of interest was nil. Therefore, the taxable value of loan fringe benefit will increase. Taxable Value of Debt Waiver Fringe Benefits A debt waiver fringe benefit occurs in situations where the employer releases the employee from the requirement to repay or reimburse the money lent. In situations where the debt is waived for reasons of default and the amount cannot be recovered, there is no debt waiver fringe benefit (Australia Taxation Office, 2017a). In certain situations, the employer can voluntarily release the employee from the obligation to repay the loan. In such a situation, if the employer is able to demonstrate that the release was unrelated to the employment relationship, then a debt waiver fringe benefit does not arise (Australia Taxation Office, 2017b). The taxable value of the debt waiver fringe benefit is the total sum that is waived. If the bank decided not to charge Brain interest on the loan a taxable waiver of fringe benefit would arise. This is computed as follows: Taxable Value of the Debt Waiver Fringe Benefit = 1% x $ 1,000, 000 x 3years = $ 30,000 A joint tenancy occurs where two or more persons pool their resources together and use them to purchase property (Find Law Team, 2017). In a joint tenancy there are no severable shares. For example for a married couple such as Jack and Jill if one person dies, then the remaining spouse will receive all the rights of survivorship. The joint tenancy has four characteristics Joint Ownership every entity in the joint tenancy arrangement has the right to every aspect of the property. There are no individual rights not just individually Joint Interest Every individual in the joint tenancy agreement has similar interest and rights in the property of the same nature and to the same extent. Same Point in Time All the rights and interest of the tenants are vested at the same point in time Unity of Title all the rights and duties are based on the same deed. For taxation purposes in joint tenancy, all the parties in the agreement hold an equal interest in the property (Australia Taxation Office, 2017c). As such the agreement between Jack and Jill to divide the rental income and rental losses in proportions that are not equal has no effect for income tax purposes. Jack and Jill must thus include half of the net loss in their taxable incomes. For purposes of computing capital gains or capital loss tax, the joint tenants are considered to be tenants in common which means that they have an equal interest in the asset. Therefore, both Jack and Jill have an equal share in the capital loss or gain when the capital gains tax is being computed. When the property is sold the capital loss or gain is split equally between them. The case of Inland Revenue Commissioners v. Duke of Westminster [1936] commonly referred to as the Duke of Westminster case is often cited as an example of tax avoidance. During the court proceedings, it was established that the Duke of Westminster hired a gardener who was paid from the Dukes immense post-tax income. In order to reduce his tax liability, the Duke instead of paying the gardener a wage wrote a covenant stipulating that he would pay the gardener an amount equal to the wage that he had previously paid. The tax laws and regulations that prevailed at that time allowed the Duke to claim a deduction on his taxable income for the amount paid in the covenant. Overall, the actions of the Duke reduced his income tax and surtax liability. However, the Inland Revenue Commissioner maintained that the computations and acts of the Duke of Westminster were nothing more than tax evasion. The court ruled in the favour of the Duke. In the judgement, Lord Tomlin held that Every man is entitled if he can to arrange his affairs so that the tax under the appropriate Acts is less than it otherwise would be. If he succeeds ordering them so as to secure that result, then, however unappreciative Commissioners of Inland Revenue or his fellow taxpayers may be of his ingenuity, he cannot be compelled to pay an increased tax (Inland Revenue Commissioners v. Duke of Westminster [1936]) The ruling by Lord Tomlin implies that entities that have tax liabilities may take actions or make arrangement to reduce their tax burden within the perimeters established by the laws. Where an entity succeeds in reducing their tax liability and avoid the tax burden, the revenue authority and the fellow tax payer even thought they feel they are being treated unfairly cannot force the entity to pay an increased tax which might be the original amount (Steven, 2013, p. 17). This case established the principle that an individual is entitled to within the legal statute organise their accounts so as to limit their tax liability (Adams, 2011). Relevance of Tax Evasion Principle in Australia From 1915, the Federal Income Tax laws in Australia have contained a general anti-avoidance provision (Bloom, 2015). The aim of the general anti-avoidance provisions was to ensure an equitable tax regime in which the individual tax payers was unable to avoid the payment of full tax liability by use of superficial or contrived arrangements. The provisions added to the complexity of the tax laws and resulted in increased compliance costs for tax payers. However, some of the provisions were successfully challenged in court (Bloom, 2015). Following the raft of ruling against the commissioner, amendments were made to the general anti-avoidance provisions in 1936 through the Income Tax Assessment Act 1936 (McLaren, 2008, pp. 144-151). Part IVA was added to the act in 1981 in order to enhance the anti-avoidance provisions. Part IVA allows the Commissioner of Taxation wider discretion on items to include in the taxpayers assessable income (Xynas, 2011, pp. 5-8). The provisions prevented the erosion of the income tax base and did away with gaps that allowed for non-genuine reductions. These provisions were enhanced by the rulings in FCT v. Spotless Services Ltd [1986] commonly referred to as the Spotless Case. In that case, the High Court of Australia held that even if the tax payer is able to prove that a transaction is genuine, that in itself does not provide grounds for tax avoidance (Xynas, 2011, pp. 5-14). According to the court, a transaction has to make sense, where the transaction does not make sense without the tax benefit, then Part IVA applies. The government of Australia has continued to formulate and implement statutes to reduce tax avoidance while balancing the interests of the government and those of the taxpayers. Thus, the principles established in the IRC v the Duke of Westminster [1936] is relevant today but the scope of administration has been reducing. The issue of assessment of taxation for primary production and forestry is given by Taxation Ruling 95/6 (TR95/6). The aim of the ruling is to indicate the tax burden from the business of forest operations and the transaction relating to timber by persons in the business of forest operation and persons not engaged in the business of forest operations but having transactions involving forestry and/ or timber. The ruling expressly indicates which receipts obtained from the sale of timber constitute assessable income, whether or not the tax payers primary business is forestry or not (Australian Taxation Office, 2010). According to the ruling, the disposal of trees by the taxpayer means that the amount realised from the sale of the trees should be added in the taxpayers assessable income as provided for under the Income Tax Act 36(1). Therefore, the receipts by Bill for the timber are assessed as income and as such result in a tax burden. According to section 55 of TR 95/6 the accessible income includes: proceeds from the sale of standing trees, royalties earned in exchange for granting another party the right to fell and remove timber, and profits from isolated transactions. The lump sum amount received by Brian can be considered as a royalty and thus assessable income References Adams, J. (2011). What is the difference between tax avoidance and tax evasion? Tax Insider, Available at https://www.taxinsider.co.uk/680-What_is_The_Difference_Between_Tax_Avoidance_and_Tax_Evasion.html (Accessed 8 September 2017). Australian Tax Office (2010). Taxation ruling: TR 95/6. Available at: https://www.ato.gov.au/law/view/document?docid=txr/tr956/nat/ato/00001 (Accessed: 8 September 2017). Australian Tax Office (2017a.) Working out your net capital gain or loss. 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Duke of Westminster [1936] AC 1 (19 TC 490). Inland Revenue (2016) Low interest loan and fringe benefit tax. Available at https://www.ird.govt.nz/fringe-benefit-tax/fbt-types/fbt-low-interest-loans/low-interest-loans-fbt.html (Accessed 8 September 2017). International Accounting Standards Board (2015) IAS 19: Employee benefits. Available at: https://www.ifrs.org/issued-standards/list-of-standards/ias-19-employee-benefits/ (Accessed 8 September 2017). Internal Revenue Services (2017) Capital gains and losses. Available at: https://www.irs.gov/taxtopics/tc409.html (Accessed: 7 September 2017). Klonoski, R. (2016) Defining Employee Benefits: A Managerial Perspective, International Journal of Human Resource Studies, 6(2), pp. 5272. Mclaren J. (2008). The distinction between tax avoidance and tax evasion has been blurred in Australia. Why has it happened?, Journal of the Australia Tax Teachers Association, 3(2), pp 141-163. Ohio University (n.d.) 10 benefits business offer employees. Available at: https://onlinemasters.ohio.edu/10-items-business-offer-infographic/?g=infographicst=mba (Accessed 8 September 2017). FCT v Spotless Services Ltd [1986] 34 ATR 183. Stevens, P. (2013) The changing limits of acceptable tax avoidance, Tax Journal, [Online]. Available at: https://www.taxjournal.com/articles/changing-limits-acceptable-tax-avoidance-11012013 (Accessed 8 September 2017). United States Bureau of Labour Statistics (2016) Glossary. Available at: https://www.bls.gov/bls/glossary.htm#B (Accessed 8 September 2017). Xynas, L. (2011) Tax planning, avoidance and evasion in Australia 1970-2010: The regulatory responses and taxpayer compliance, Revenue Law Journal, 20(1), pp. 1-37.