Cecilia s Interests Of The University s Office Of...

Cecilia’s interests in college have been primarily geared towards understanding her ethnicity. Cecilia emigrated from Mexico and has taken advantage of the many cultural resources Wellborn has to offer. She joined a multicultural sorority and is actively involved in the university’s Office of Multicultural Affairs. Additionally, she is undeclared but is primarily taking courses in sociology and anthropology while struggling to complete the science pre-requisites for medical school. The social and cultural capital formed from her participation in these activities will help shape her identity but she did not mention how or if these resources have helped her in pursuing her career interests. Miranda Miranda’s relationship with her mentor Ms. Carter, is unique in that Ms. Carter provides her with emotional, academic, and financial support. She is in every sense of the word her guardian, and Miranda refers to her as her â€Å"titi† (Spanish slang for â€Å"aunt†) and Godmother. Like Cecilia, Miranda met her mentor in 8th grade: Interviewer: Was there anyone in particular who really sticks out as a mentor to you? Miranda: Definitely right now it s my 8th grade teacher. She was the first one to believe in me um and she s my Godmother now. [†¦] again my parents are not still active-- they re not active in my academic life [†¦] she helps me with all she can cause she actually went to college and you know she actually does want to help me. She helps me financially, mentally, and all that soShow MoreRelatedOffice Administration Thesis11471 Words   |  46 PagesFACTORS RELATED TO DROP OUTS AND PERFORMANCE OF CWTS STUDENTS AT LAGUNA STATE POLYTECHNIC UNIVERSITY SAN PABLO CITY CAMPUS ACADEMIC YEAR 2010 - 2011 ------------------------------------------------- A Research Paper Presented to the Faculty of the College of Teacher Education Laguna State Polytechnic University San Pablo City Campus San Pablo City ------------------------------------------------- ------------------------------------------------- In Partial Of Fulfillment Of the RequirementsRead MoreManaging the International Value Chain in the Automotive Industry60457 Words   |  242 PagesTheconfigurationofvalueactivitiesfortheLogan 3. Thecompetitiveadvantagesofferedbyemergingmarkets 4 6 8 9 10 11 17 24 30 31 35 40 51 60 66 67 77 90 Speaking with Coimbatore K. Prahalad, Ross School of Business, University of Michigan â€Å"Wearemovingawayfromafirm-andproduct-centricviewofvaluetoanetworkcentricandco-createdviewofvalue.† From assembly plant to center of excellence: The rise of Audi’s subsidiary in Gyà ¶r, Hungary 1. EstablishingAudiHungariaasasubsidiaryofAudiAG

An Internship Report on Soneri Bank Ltd. - 1975 Words

An Internship Report on Soneri Bank Ltd. Muhammad Ali Jinnah University ISLAMABAD Internship Report At Submitted by: Mr. Umair Azim ME063005 MBA (BF) An Internship Report on Soneri Bank Ltd. Table of contents ï  ¶ History ï  ¶ Job Description ï  ¶ Departments, I served ï  ¶ Accounts Opening ï  ¶ Remittance ï  ¶ Clearing ï  ¶ Areas, I learnt ï  ¶ How my internship would influence my career ï  ¶ Conclusion An Internship Report on Soneri Bank Ltd. History Incorporated on September 28, 1991 the first Branch of Soneri Bank Limited formally opened doors for operations in Lahore on April 16, 1992 followed by Karachi Branch on May 09,1992. The bank now operates with 72 branches spread all over Pakistan including the Northern Areas of the country where no other†¦show more content†¦Withholding Tax apply on all cash withdrawals and profit credited into account †¢ †¢ †¢ Profit Loss Savings Account PLS Savings Bank Account is a simple, straight forward Savings Bank Account with a great convenience for individuals (in single or joint names) minors (to be operated by the guardian) charitable institutions, provident fund and other funds of kind nature local bodies, limited companies, firms associations, educational institutions, etc. The account can be opened with a minimum amount of Rs. 5000/- (Rupees five Thousand). Rs.25 will be deduct per month if balance decrease from Rs.5000. All other features of Profit Loss Saving account are same as Current Account. SHARING PROFIT/LOSS: †¢ Minimum balance of Rs. 1,000/- is required to qualify for profit An Internship Report on Soneri Bank Ltd. †¢ Profit/loss earned/incurred on PLS Savings Bank Accounts are credited/debited on a six monthly basis within a reasonable time from the date of the close of half-yearly/ yearly books of accounts of the Bank Term Deposit Account Term deposit is offered by Soneri Bank to Individuals (in single or joint names), Minors (to be operated by the guardian), Charitable Institutions, Provident Fund and other funds of benevolent nature local bodies, Autonomous Corporations, LimitedShow MoreRelatedInternship Report on Mcb20087 Words   |  81 Pagesin the organizational environment which is dramatically different from the educational environment. That two months period called â€Å"Internship Period†, if spent properly and sincerely, enables the students to be more confident, more knowledgeable, more responsible and, above all, more committed to its work in the  practical field. I have also been assigned to do internship of six weeks period in MCB Allama Iqbal Town Branch Lahore. It has enabled me to understand the practical scenario and sharpen our

Impact Of Globalization On The Economy - 2474 Words

There was a time when most regions were economically self-sufficient. Locally produced foods, fuel, and raw materials were processed for local consumption. Trade between different regions was very limited. Today, the economies of most countries are so interconnected that they form part of a single, interdependent global economy. Globalization has been defined as â€Å"the process of international integrating arising from the interchange of world views, products, ideas, and other aspects of culture. † With this meaning, perspectives, social norms, and business conducts are being exchanged across cultures. It has changed the world in more ways than we can imagine. The most profound impact of globalization is on the economy in nearly all markets.†¦show more content†¦Ã¢â‚¬  These distinct systems would also prevent global financial crises from happening as the systems would not be dependent on each other. As time progressed, so did the policies and practices of free tra de. Citizens felt that as long as financial systems were separate, global free trade was safe. Soon, the barricades to open, flowing capital began to disappear and citizens forgot the lessons of the past and became more comfortable with global commerce exchange. Some drivers of globalization are economic policies, political changes and technological innovations. Indeed, the advancement of science and technologies has greatly reduced the cost of transportation and communication, making economic globalization possible. Today’s ocean shipping cost is only a half of that in the year 1930, the current airfreight 1/6, and telecommunication cost 1%. The price level of computers in 1990 was only about 1/125 of that in 1960, and this price level in 1998 reduced again by about 80%. These kinds of technological advancements greatly reduce the cost of international trade and investment, thus making it possible to organize and coordinate global production. 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According to Kleniewski, â€Å"Globalization refers to the increasing interdependence of the world’s economy† (Kleniewski, 135). This means that most economies around the world depend upon each other for economic growth, whether is by trading globally otherwise by having people migrate from one country to the other. GlobalizationRead MoreImpact Of Globalization On The Economy2380 Words   |  10 Pagesever-increasing interdependence of economies around the world. It is additionally, the manifestation of increase openness in world economies, commonly due to an increase in cross-border trade scale of services and supplies, as well as flows of international capital and spreads of technology. Naturally, the impact of globalization over the last few decades has been very significant, in particular on the macroeconomic dynamics in small economies, such as the Tunisian economy. The consequences of globalisationRead MoreThe Impact Of Glo balization On The Economy978 Words   |  4 Pagestransnational corporation decided to expand its market to developing countries, or as you might prefer, to emerging economies in South America. Although many of these examples might be trivial, these are the consequences of globalization. Globalization is a process of increasing integration and the result of economic, cultural and political interdependence among countries. Globalization has been a controversial debate, since this phenomenon has affected the world in several ways. Consequently, thereRead MoreImpact Of Globalization On The Chinese Economy Essay883 Words   |  4 PagesGlobalization is an important term that is partially responsible for an economic revolution that took place around the world. 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To develop its economy, IndonesiaRead MoreImpact of Globalization on Indian Economy1572 Words   |  7 PagesGlobalization is the new notion that has come to rule the world since the nineties of the last century with the end of the cold war. The frontlines of the state with increased reliance on the market economy and renewed belief in the private capital and assets, a process of structural alteration encouraged by the studies and influences of the World Bank and other International organisations have started in many of countries. Also Globalisation has brought in new avenues to developing countries. GreaterRead MoreImpact Of Globalization On The Global Economy1355 Words   |  6 PagesGlobalization is interpreted in a variety of different ways. One way is that it introduces opportunities which further develops regions to progress and prosper in the global economy. In many cases globalization means the shift toward a more integrated and interdependent world economy. The world is moving away from self-contained national economies and toward an interdependent, integrated global economy. There is an insurmountable amount of ways to impact globalization but some include trade, peopleRead MoreImpact Of Globalization On The Economy1881 Words   |  8 PagesGlobalisation and the economy are two interchangeable ideas with one another. Globalisation is not a single concept since it encompasses multiple components such as economic integration; the transfer of policies across borders; the transmission of knowledge and cultural stability it is a global pro cess (Al-Rodhan Stoudmann, 2006). The best representation of globalisation is the process in which businesses create international influence where they can then begin to operate on a global scale (Al-Rodhan

The Most Significant Of The Scientific Theories Have Made...

Over the course of the millenniums, scientific theories have made considerable progression. At times improving sluggishly, where at times growing rapidly and skyrocketing. Some regions unprosperous than others at times, while others majorly succeeding where other nations are failing. These peaks and valleys are what provision the evolution of theories. The most significant of the preceding times was the era of Aristotle the philosopher around three hundred B.C., who helped lend a foundation for the forthcoming generations. Later on during the years four hundred through one thousand B.C., when much of the world was in stagnation, mostly Europe, the Islamic Empire was able to build a thriving scientific focal point, allowing scientific theories and ideas to emanate from within. If not for these luminous ideologies, the world would be quite different than how we see it today. Downstream through the flow of time came Galileo Galilei in the sixteenth century, the brilliant Italian who cha nged the view of astronomy and mathematics. Finally, there is Isaac Newton, the Father of Modern Science. Born in 1642 C.E., he changed the whole world with his striking math, laws of physics, and astronomical theories. These people, generations, and nations all completely helped influence the evolution of scientific theories to as we know it today, from Aristotle’s ancient time, to an Islamic realm that succeeded in mustering the strength of science, to Galileo’s incredible discoveries, andShow MoreRelatedThe French Revolution And The Enlightenment1708 Words   |  7 Pagesforerunners incorporated the Englishmen Francis Bacon and Thomas Hobbes, the Frenchman Renee Descartes and the important characteristic logicians of the Scientific Revolution, including Galileo, Kepler, and Leibniz. 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Book Report on The New Ethnic Mob by William Kleinknecht...

Book Report on The New Ethnic Mob by William Kleinknecht The New Ethic Mob by William Kleinknecht explores how the current criminals involved in organized crime are no longer just the Italians. He could be Cuban, Chinese, Russian, African-American, Haitian, or Jamaican. These are the new breed of more sophisticated and more brutal organized criminals. In the preface of the book Kleinknecht states not to mistake this work for a case against immigration in the United States. The author does a great job giving background information on how organized crime emerged in the early part of the nineteenth century. Then became much stronger though prohibition with Italian, Irish, and Jewish groups†¦show more content†¦They are involved in illegal lottery networks and control the numbers outlets in New York City. Jose Miguel Battle is the head of the Cuban Mob, and the mention of his name provokes fear in Hispanic neighborhoods from New York to Florida. It is said that he is bigger than legendary numbers boss Dutch Schultz. The Vietnamese are also gaining strength on the street with extortion and shake down operations. There MO is to burglarize jewlery stores in a certain area and get on the highway. By the time the police are investigating the case they are in another city doing the same thing. This seems to be an effective method for them. When the FBI helps a sub committee in 1987 they recognized the Arab Mob as an extremely dangerous group. They have close ties to the Detroit Italian mafia. While some of them are hard working convenient store owners others are drug kingpins and insurance fraud artists. In Detroit the Arabs supply the Italian mafia with dependable bookmaking operations and run illegal casinos for them. Vietnamese gangs steal computer chips in Silicon Valley. The Ukrainian steals cars in Chicago and smuggle them to Poland. The Dominicans have become major players in the Columbian drug cartels. The Haitians operate illegal numbers games in New Jersey. Lastly, the Jamaicans have set up organized gangs t hat have terrorized parts of Queens. As one can see it seems as

Entrepreneurship Progress of the Business

Question: Discuss about the Essay for Entrepreneurship and Progress of the Business. Answer: Introduction The hotel started as a traditional hotel and was opened up when there was popularity ion the coastal regions and was numerous vacations. On the other hand, the hotel was accessible due to the access provided by the new roads and the railway network within the region. The accessibility of the hotel attracted many customers who opted for the hotel due to its location and the services offered. However, many hotels in the area often offer the traditional facilities in the well-constructed buildings. The customers who often visit the area are attracted by the services provided by the hotels in the locality. The Hots hotel is situated on the seafront and near the other hotels. The location is a few metres from the shopping centre where many people in the area go to shop various commodities. The town is not highly populated and has a population of one hundred and forty five thousand. The nearest airport is thirty minutes away from the town and it makes it possible for the individuals from t he airport to access the hotel. It is aided by the good roads, railway and the bus links to various cities and resorts. Economic Background There was a tourism growth in the year 1970s that was facilitated by the regional and national travel to the coastal region for vacations and off-season breaks. The influx led to the establishment of the annual tourism and other recreational events. It led to the increase of the levels of tourism activities. However, many hotels joined the market and started offering the traditional facilities in the buildings that had been well constructed to accommodate the people and give them the services they required. They had been situated along the sea and within the town. It became the tourist attraction site for many individuals due to its services and location that had many features that were attractive. In addition to that, in the year 1980s there was a small industry growth as the tourist events in the region prompted one of the well-established hotels to come up with a conference centre. The population of the town had grown to a number of two hundred thousand residents and the economy o f the city had to reach out to service and soft industry. The hotel facilities were upgraded to ensure the city was in a strong position (Stokes et al, 2010). However, in the year 1990s the tourism market declined and the tourists started to look for new avenues and other experiences. It happened unexpectedly and the public started criticizing the hotel facilities. The tourism level decreased and there was shortage of funds to maintain the infrastructure. The town started losing its appeal on the small industry and had to relocate it so as to maintain the clients. Moreover, in the year 2000 many organizations had to move to areas that offered low costs, taxes and high quality of life. The local authority offered an economically favorable relocation package to the small and medium size firms. The modern tourists expectations were met and the resort became popular for conferences in all seasons. The customers who often visit the hotel are in the 30-50 age group during the weekdays. Moreover, during the weekends the clients available in the hotel are aged 30 years and above and they are often accompanied by their families (Carsrud Brannback, 2007). The hotel has various facilities that enable the clients to be given the services they need from time to time. It has 250 air-conditioned guest rooms and all have private bathrooms. They are able to accommodate singles, families and couples. They have been decorated with various styles and are comfortable at all times. The Front Desk is always open 24 hours so as to serve the customers to their level best. The hotel also contains a lobby lounge, a pub bar that offers the snack service and also a full service restaurant. In addition to that, it has a car parking that accommodates 120 cars and an additional one in a nearby multi-storey car park. However, there are no business services, leisure and conference facilities or meeting rooms. The refurbishment of the hotel has taken place in the last year. The staff members salary costs the hotel one hundred and twenty five dollars per year. The training program of the employees costs four hundred dollars per annum on each employee. The hote l is rated as 4 star due to the facilities it has and the services it offers to the customers (Carsrud Brannback, 2007). Financial Position of the Hotel At the beginning of the simulation the financial position was not that stable as the clients had not been familiar with the services being offered and the hotel was not popular. The hotel was generating less income as few clients often visited it for various services. On the other hand, it had less facilities that could not accommodate many customers at a time. The management had to come up with a way to attract many clients so as to generate more income. The hotel faced various difficulties at the beginning as it was not well known by the public. The challenges faced made the progress of the hotel a little bit more difficult. There was high competition from the developed hotels in the major cities. They had various facilities that the customers opted for from time to time. In addition to that, the hotel was located in a town that was not highly populated like other cities. The local people rarely attended the hotel and people from other locations were the most frequent. The lack of more customers reduced the income of the hotel and the financial status was not stable. It was the duty of the managers to come up with ways to attract the clients so as to generate revenue to pay the employees and also develop the hotel (Casson, 2008). The current financial position of the hotel is stable than the previous as various changes have been implemented. There has been the expansion of the hotel and more facilities brought in to cater for the customers demand. The location of the hotel has been a tourist attraction site as many of them spend the weekends and vacations at the coastal region. The climate condition of the area is very favorable. The hotel has been advertised on various platforms to enable the public to be aware of the services that they offer. The increased number of tourists in the region has ensured that the income of the hotel has also increased. The services offered by the hotel are very attractive to the people and they are significantly affordable. The stability of the financial status has progressed well due to the stable income in all seasons. The management of the organization has put all their efforts in delivering quality services to the customers from time to time. Strategies Implemented The management of the hotel has come up with various strategies that has enabled it to be in that position. First of all, there are several departments dealing with various tasks and they work hard to ensure that hotel is running smoothly. Every department manager ensures that the employees work hard and deliver their best in serving the customers. Secondly, there has been the development of the access roads to the hotel that provide easier accessibility. Moreover, it has close proximity to the airport and is linked by the railway and the bus links. It enables the clients to travel comfortably and visit the hotel to enjoy themselves. Thirdly, various infrastructures have been built so as to expand the hotel and also more facilities have been introduced. The conference rooms have been built to ensure individuals hold their meetings at an affordable price. The families have also been provided with the leisure facilities as most of them visit the hotel on the weekends. Fourthly, the qua lity services offered at the hotel has enabled the hotel to progress so much as the clients are contented. The foods, drinks and accommodation at the hotel are affordable to the customers and it ensures they opt for the services from day to day. The buildings have also been well-constructed to attract the customers. The coastal region climate has also enabled many tourists visit the place. Lastly, the employees attend the clients with respect and dignity. They have been trained on how to serve the customers as they must undergo training that is offered by the hotel. In addition to that, the management has done marketing of the hotel on various platforms so as to create awareness to the public (Eigenhuis Dijk, 2007). Changes in the Major Financial Indicators There have been various changes in the financial indicators that help to determine whether the hotel is financially stable. The income of the organization has greatly increased as the number of the customers visiting the hotel has also risen. On the other hand, the cash flow has also improved as the organization has been able to pay up the employees and also expand the business. More infrastructures have been built to cater for the rising number of clients who often visit the hotel in and out of the season. In addition to that, there has been an increase in the profit that the hotel gains each and every month and also yearly. It shows the good progress of the business and gives morale to the management to continue with their hard work. The objectives of the enterprise have also been achieved thus showing the organization is progressing in the right way (Kourdi, 2009). Stakeholders Perspectives The stakeholders of the hotel are contented with the progress of the business as they are sure that their invested cash will not go to waste. Their main objective is for the hotel to grow and become popular to the public for its good services. On the other hand, the management should also be focused and exercise their authority to ensure that all the departments are running as expected. The non performing managers and the employees should not be retained in the business and a warning should be given to them. If the individuals do not change they should be fired and new workers to be employed to handle the tasks. It is their duty to oversee the progress of the hotel and rectify where they see things are not heading in the right way. The hotel objectives short term and long term should also be adhered to for the business to meet its targets. In addition to that, they view the increase in income and profits as good for the enterprise as there is a positive progress. Lastly, the miscondu ct of the staff members should not be tolerated as they will lead to lose of customers who are vital to the business. There should be a stern warning and if it does not work they should lose their jobs and new individuals hired (Kourdi, 2009). Proposed Targets The hotel management has come up with various strategies and targets that will help the business have a five growth and make a great positive impact. First of all, the hotel targets to buy the neighboring land so as to build various recreational facilities that will accommodate more families during the weekends and vacations. It will be good target as many families spend their time at the area from time to time. The hotel has been well known now for its services and the move will ensure that they generate more income. Secondly, it will also target the individuals who hold meetings and develop more conference rooms to accommodate the large number of individuals. Many companies or groups opt to hold their annual meetings in various specific areas that they will have refreshments and away from the offices. The hotel will offer the service at affordable price so as to attract more customers. Thirdly, the security will be increased at the hotel and security guards will be hired to man the place. Moreover, the cameras will be installed in all locations and monitored to ensure the safety of the customers. Lastly, the hotel will offer foods from various tribes as the demand for them is highly increasing (Abels Klein, 2008). In addition to that, the managers will ensure that the clients get entertained by providing entertainment twice per week and on the weekends. The local musicians and dancers will be hired to entertain the people. It will be a great strategy as the customers will feel motivated and always enjoy the moments at the hotel. Moreover, the highly qualified employees will be hired so as to handle various tasks in the institution. The human resource manager will handle the interviews and also allocate the workers the jobs they will undertake. The available vacancies will be advertised on the media, newspapers and on the hotel website. The management will also advertise the services of the hotel on various platforms to ensure that the public gets awareness. The funds to undertake the advertising and promotion will be budgeted by the managers and set aside. The strategy will ensure that the business acquires more customers and hence increase in income. The prices of food, drinks and accommodati on will be slightly reduced and discounts offered so as attract more customers. The people like the hotels where the costs are favorable and also fit their budget. It will be a great move by the hotel management as it will ensure a constant growth in the next five years (Abels Klein, 2008). Risks Identified and Contingencies Suggested There are risks that can be faced during the running of the business from day to day basis. First of all, misappropriation of funds by the managers that is essential for various developments. It will lead to losses in the business and the hotel may collapse. Secondly, there is the misconduct by employees and lack of respect to the customers at the hotel. It will reduce the number of the customers as they are addressed in the right manner. The clients need to be maintained as they are the source of income. Lastly, poor communication from the managers to the subordinates will lead to misunderstanding or no cooperation. On the other hand, in the future there may be high competition from the upcoming or the already established hotels. The managers need to be prepared so as to remain in the market and retain the customers. Moreover, there may be an increase in the number of clients and the organization should have plans to expand the place and also create other branches to serve the custo mers better. However, there will be a good financial implication on the Return on Investment, Return on Assets and the pay-back period. It will be facilitated by the continuous progress of the enterprise making profits and the developments made (Andreas, 2011). Conclusion In conclusion, the hotel will have a steady growth if properly managed by the managers appointed to handle the task. The stakeholders should also oversee the progress of the business to ensure that the management does not misuse the funds. On the other hand, the employees serving the customers should do so with respect and dignity for them to appreciate the service. The good communication between the managers and the subordinates will ensure great cooperation and the objectives set will be achieved. References Abels, E. G., Klein, D. P. (2008).Business information: Needs and strategies. Bingley, UK: Academic Press/Emerald. Andreas, F. (2011).A simple path to sustainability: Green business strategies for small and medium-sized businesses. Santa Barbara, Calif: Praeger. Carsrud, A. L., BraÃÅ'ˆnnback, M. E. (2007).Entrepreneurship. Westport, Conn. [u.a.: Greenwood Press. Casson, M. (2008).The Oxford handbook of entrepreneurship. Oxford: Oxford University Press. Eigenhuis, A., Dijk, R. . (2007).High performance business strategy: Inspiring success through effective human resource management. London [u.a.: Kogan Page. Henry, C. (2007).Entrepreneurship in the creative industries: An international perspective. Cheltenham, UK: Edward Elgar. Kourdi, J. (2009).Business strategy: A guide to taking your business forward. London, Eng: Economist in association with Profile Books. Kuratko, D. F. (2007).Corporate entrepreneurship. Hanover, Mass: Now. Lee, C.-M. (2000).The Silicon Valley edge: A habitat for innovation and entrepreneurship. Stanford, Calif: Stanford Univ. Press. Minniti, M., Zacharakis, A., Rice, M. P. (2007).Entrepreneurship: The engine of growth. Westport, Conn: Praeger. Stokes, D., Wilson, N., Mador, M. (2010).Entrepreneurship. Hampshire, UK: South-Western/Cengage Learning EMEA.

Environmental Taxation Law and Policy

Question: Discuss about the Environmental Taxation Law and Policy. Answer: Introduction: The tax must be determined for every individuals and entities and for the same there must be proper awareness and finding of the residential status and the sources of the income received. Thus, in the case study we have done the same to know the amount of tax required to be paid by an individual on receiving the salary from a company based in Australia. The case here has a movement around the point of taxation and the residential position of the individual named Kit. He was born and brought up in Chile but despite the fact of his birth, it is worth noting that he is a permanent resident in the country Australia. Kit had made his abode in Australia without even having a citizenship of the nation country and the Rulings under the ITAA 1997, describes that the incomes that comes into generation by the dwellers of the country is held as collection of sources from all across the globe. The taxation systems of the countries vary from one country to another and the Australian Taxation system is different. The residing framework of the country describes that the income derived from the same country has to be assessed and taxed under the hands of an individual. Kit in the case study has income that must be identified for the determination of the taxable income and the sum to be provided in the treasury of the government of the country (Evers et al. 2014). In the given case, he was not holding an Australian citizenship as his home country was in Chile and thus a test of residency has to be considered for knowing the status and position of Kit. 183 days test The test of 183 days has an involvement of the Acts and sections that covers the residency of continuous and dwelling without any breaks. The period under consideration is more than six months to be known as a resident of the country Australia. In this case, the individual Kit has continued for more than six months in Australia. Hence, he can obtain a citizenship of Australia as he has maintained the test of 183 days. Even though he left his place of work for a month every quarter for making a visit to his family, he does not fail the test (Goerke 2014). Also, there is a house of Kit in Australia in which he dwells along with his wife and children from a period of around three years that makes his overall residential status strong. The test of the status of residence and the dwelling is done as per the legal and legislative models that are known as the domicile test. An individuals abode or dwelling is considered an important one for the determination of the assessment and taxability of the concerned incomes and other sources. The act of 1982 better discusses and describes the rules and laws relevant to the individuals and thus, the major statement depicted is that every individual get a right to maintain a residency of the state or nations (Kim 2013). The examples of the Henderson vs. Anderson 1965 present that persons have own rights in selecting the country or nation for making their long lasting houses or abodes. In the given case, the individual has made a dwelling with an intention of making a permanent state of abode in the country Australia. As per the required acts and rulings of the Australian taxes and systems, the individuals intending to live permanently must have taxability as per the norms of the legislatures of the Australian system of taxes and governing. Therefore, in the case Kit has showed intention of living for a longer period and having been stayed for more than three years, shows an intention of permanent dwelling and hence must be taxed as per the Australian taxes (Poon and Brownlow 2015). Therefore, from the above two test it can be stated that Kit has showed interest in having a permanent abode in the country Australia, thus making it efficiently passable under the domicile test. In addition the individual has lived continuously i.e. without any breaks in the country for a period of more than six months thus, making him efficiently passable under the test of 183 days too. Hence, as per the above, he is liable for the taxability under the Australian system of taxation. Income tax Assessment In the country Australia, a person becomes liable for payment of taxes, once the residency conditions are met with efficient evidences. The case here states that the individual has been receiving remuneration form a bank account in Australia i.e. Westpac and has been hosted in the country itself and thus, he has proved the residency in the country once again. The workplace of the individual also has an Australian base and thus, the income is a part of the total income under taxability. Even though, Kit has been working under the market of Chile and thus there must be taxability under the law of Australia. The case settled under Applegate per Franki J 79 ATC depicts that he is an inhabitant of the country Australia and desires to make available all his proceeds mutually in the home and the foreign countries at the time of filing the return of income tax. Consequently, the employment of the laws of Australian taxation could primarily locket towards the avoidance of the errors of the double taxation (Harper and Mullee 2017). The above stated case has a depiction of the entire issues and concerns faced by the company under the provided case. The company under consideration is California copper Syndicate Limited, which has majorly disposable or exploitation for the minerals. The availability of the capital was inefficient due to the insufficiency of the funds in the period under the test. The rulings of the court decided that the obtained incomes must be the income possible and the judgements stated that the obtained earnings from the deduction of the expenses have taxability in cases of disposal of land. The unfair practices used by the companies indulged in mining activities were observed for reduction of the same that increases the entire revenues of the company. Scottish Australian Mining Co Ltd v FC of T (1950) 81 CLR 188 The above stated case has a depiction that the earnings and proceeds of industry and its segments obtained from disposal of land are assessable and hence taxable.Hence, as per the taxability of the authorities of the Australian taxes, the commercial activities can have a treatment of the capital assets being realised. As a result, as per the stated rulings and judgements, it can be said that whichever action is undertaken for the sale of the land is mostly treated as the capital assets being realised and taxed accordingly. The above stated case has a depiction about a query that whether the generated cash or income from the dealing of land has a capital nature or not. The renowned judgement and rulings provided in the case of Mason, Morphy and Wilson for the most part depicted that the sections under the proper acts describes that any amount of income produced commencing from the disposal of possessions requires to be held by sufficient individual. The entire decision of the case principally provided by the court shapes and forms that profits must be assessed in form of the measurable income and with the conformity of the principles of general accounting. Statham Anor v FC of T 89 ATC 4070 The above case stated that proceeds acquired from dealing or sale of subdivided properties has to be assessed under the respective sections of the Act. The case states that a business is taxable if income from sale of property is achieved due to an incurred of losses. There was a loss in the business of farming but that did not mean that the offer of realisation can lead the company to be taxable in nature. Therefore, the case describes the rules for the measuring of the realisations and the amount of tax abilities (Fong 2013). The above stated case describes about the payment of the taxes and other liabilities that are required in the case of the conduction of old properties and on the disposal of their separate and wide ranges of events and occurrences. The law of court principally states in the case that the obtained income from the sale of blocks of an individual nature is part of common takings and has taxability based on the subdivisions. If a land that had been purchased for farming gets used as the residence for private dwelling on the occasion of the loss faced, then it would not be held liable or taxable. Thus, in the given case, the business had faced huge losses and also the farmer had made subdivisions for the realisations of the land and its overall potentiality of acquiring profits. Therefore, the court stated that the same was not held liable under the acts and laws of the country (Omar 2016). Moana Sand Pty Ltd v FC of T 88 ATC 4897 The above case states that the rationale of acquiring a land does not have a sole intention of making profits even though the original purpose was the profit making scenarios. The law stated that for the taxability of the same, there must be defined purposes and intentions of disposing off the land. The main advice by the court of law is that persons buying land merely for purposes of profit making has to pay an amount of additional tax and liabilities under the acts (Barkoczy 2016). The above rulings and judgements has an intention of stating the fact that in the past, property were purchased for the intention of farming, nevertheless subsequent to the passing of the period of two or more years, there was subdivision of the land in diverse blocks. Therefore, the law of court passed a judgment that stated that earnings completed from trading of properties would be termed as profits and thus assessable under the required taxing authorities (Snape and De Souza 2016). The above case states and implemented rulings and judgements that the individuals have a responsibility towards the conversion into a new house from the old house for growing up the gains from the proceeds of the sale. As per the court of law,the old property was not held exclusively on behalf of the business intention and in observation of proceeds from sale conducted. The taxpayers intention enters into business-related activities through eventually growing and development of the possessions and exchanging them with the other individuals (Williams 2017). Conclusion The above discussions help us to conclude that Kit was liable for the taxability structure as per the rules and regulations of Australia, though he was an actual resident of Chile. The same has been proved through the two most important tests that include the 183 days test and the Domicile test as he had shown interest in having a permanent abode in Australia. Also, the above case laws with the stated laws and regulations are described and discussed in the second part of the question. Therefore, the applicable case laws can help in understanding of the related cases to the same case laws, which are under the discussion above. Reference: Barkoczy, S., 2016. Foundations of Taxation Law 2016.OUP Catalogue. Burnett, C., 2016. Justice Edmonds' contributions to extra-judicial writing and tax reform.AUSTRALIAN TAX REVIEW,45(2), pp.88-98. Deutsch, R.L., 2014. Australian Tax Handbook 2006. Evers L, Miller H and Spengel C, 'Intellectual Property Box Regimes: Effective Tax Rates And Tax Policy Considerations' (2014) 22 International Tax and Public Finance Fong, C. (2013). Publications of the Honourable Justice Graham Hill.Austl. Tax F.,28, 169. Gallagher, D.R., 2015. CIFR Submission: the Australian Tax White Paper Task Force. Goerke L, 'Income Tax Buyouts and Income Tax Evasion' (2014) 22 International Tax and Public Finance Harper, P. and Mullee, A., 2017. Voluntary disclosure options for US taxpayers with Australian assets.Tax Specialist,20(3), p.114. Kim Jihyun, 'Review Of 2012 Corporate Tax Act Law And Income Tax Law Cases' (2013) 19 Seoul Tax Law Review Omar, P. ed., 2016.International insolvency law: Themes and perspectives. Routledge. Petty, J.W., Titman, S., Keown, A.J., Martin, P., Martin, J.D. and Burrow, M., 2015.Financial management: Principles and applications. Pearson Higher Education AU. Poon J and Brownlow M, 'Real Estate Student Satisfaction In Australia: What Matters Most?' (2015) 33 Property Management Saad, N., 2014. Tax knowledge, tax complexity and tax compliance: Taxpayers view.Procedia-Social and Behavioral Sciences,109, pp.1069-1075. Sadiq, K. and Mack, J., 2015. " Re-thinking" the influence of regulatory capture in the development of government regulation.Australian Business Law Review,43(5), pp.379-399. Snape, J. and De Souza, J., 2016.Environmental taxation law: policy, contexts and practice. Routledge. Williams, L., 2017. Risk: Real property changes: Risk management tips for solicitors.LSJ: Law Society of NSW Journal, (30), p.76.