Notes, abstracts, papers, exams and problems of Vocational training

Dual Income Tax System

This system levies a proportional tax rate on all net income (capital, wage, and pension income less deductions) combined with progressive tax rates on gross labor and pension income.

Implemented in Denmark, Finland, Norway, and Sweden, the dual income tax (DIT) system was introduced for reasons of economic efficiency, net-wealth tax, and a broader tax base.

Key features:

• Capital incomes are taxed at a lower rate.
• Acts as a hybrid model between income and consumption concepts (interest-adjusted income tax).
• All income and profit are divided into capital income (proportional/flat rate) and labor income (progressive rate).
• Features the lowest personal income tax (PIT) percentage on labor income.

Dividend Taxation

Corporate tax systems... Continue reading "Dual Income Tax & Dividend Taxation: A Comprehensive Guide" »

Tax burden/ratio and tax structure

The OECD (Organisation for Economic Co-operation and Development) Classification of taxes

1000 Taxes on income, profits and capital gains

1100 Taxes on income profits and capital gains of individuals

1200 Corporate taxes on income, profits and capital gains

2000 Social security contributions

2100 Employees

2200 Employers

2300 Self-employed or non-employed

3000 Taxes on payroll and workforce

4000 Taxes on property

4100 Recurrent taxes on immovable property

4200 Recurrent taxes on net wealth

4300 Estate, inheritance and gift taxes

4400 Taxes on financial and capital transactions

4500 Other non-recurrent taxes on property

4600 Other recurrent taxes on property

5000 Taxes on goods and services

6000 Other taxes

Tax base of direct... Continue reading "Understanding Tax Burden and Structure: OECD Classification" »

Global Entry Strategies

1. Exporting

Low risk, low control

Producing goods in one country and selling them in another.

2. Franchising

Low-moderate risk, low-moderate control

A contractual agreement between the firm (the franchisor) and another firm or individual (the franchisee). Allows the franchisee to operate a business using the name and business format of the franchisor.

3. Strategic Alliance

Moderate risk, moderate control

Collaborative relationships between independent firms - they do not invest in one another.

4. Joint Venture

Moderate-high risk, moderate-high control

When a firm entering a new market pools its resources with those of a local firm to form a new company in which ownership, control, and profits are shared.

5. Direct Investment

High

1. The CEO of Gulf Italia could probably justify paying a bribe to Italian government officials if he embraced a Utilitarian ethical framework.

2. When a company creates a wholly owned subsidiary in a foreign country, it makes a direct investment to establish a business that it solely owns and controls there.

3. Which of the following is NOT true about Whole Foods? Workers are encouraged to form unions.

4. According to the Friedman Doctrine, 'the business of business is business.'

5. According to management Guru Peter Drucker, the main responsibilities of a manager include all of the following EXCEPT: Disciplining people for bad.

6. European multinational firms commonly use a region-country focused approach because they are operating in multiple... Continue reading "Ethical Frameworks and Global Business Practices" »

Data Project Management: A Comprehensive Guide

Goal Setting: The Foundation of Project Planning

Every project requires a clear destination to determine its success. Goal setting is the first step in project planning, providing a roadmap for the project's journey.

Tools & Skills: Assessing Project Resources

The upper blocks of DR (Data Requirements) focus on evaluating the resources necessary for data project implementation. These resources include:

• Hard Resources: Data, software tools, processing
• Soft Resources: Skills, domain expertise, human resources for execution

Process & Value: Implementation and Delivery

The lower blocks of DR concentrate on project implementation and delivery. DR serves as a planning tool, helping project managers:

• Identify

My Free Time in Valencia

When I have free time, I usually spend it doing outdoor activities. I go for a walk, cycle, visit a river with my friends, walk on the beach, or enjoy a meal on a terrace.

Valencia is sunny almost every day, and I enjoy doing all these activities outdoors. In summer, because it is too hot, I avoid going out in the morning to very hot places. Instead, I take the opportunity to go to a restaurant, the cinema, or air-conditioned shopping centers.

At night, I go to bed late because the heat makes it difficult to sleep, so I take advantage of the time and go out with my friends for a beer, go to a pub, or do something outdoors.

When I have several days off, I also like to go camping. If I have a few days off, I go to Teruel,... Continue reading "Valencia & Portugal: Outdoor Activities and Travel Adventures" »

Reverse Engineering as a Source of Knowledge and New Technology

Working Backwards: Take a product produced by a competitor and devise a method of producing a similar product.

Result: A slightly different product and a slightly different production function.

Profit Theories for Describing Business Performance (e.g., Amazon)

Monopoly Theory of Economic Profits

• Some firms are sheltered from competition by high entry barriers.
• Sources of protection: economies of scale, high capital requirements, patents, monopoly over inputs, government protection (e.g., import prevention).
• Monopoly profits can arise because of luck or happenstance (being in the right industry at the right time).

Innovation Theory of Economic Profits

• Profits arise following successful invention

Space Vocabulary

Here are some common space-related terms and their definitions:

• Satellite: A man-made object intentionally placed into orbit.
• Atmosphere: The gases surrounding a planet.
• Gravity: The force that attracts a body toward the center of the Earth, or toward any other physical body having mass.
• Capsule: A small, detachable compartment of a spacecraft.
• Cosmonaut: A Russian astronaut.
• Orbited: Moved in a circular path around a celestial body.
• Re-entering: Returning to the Earth's atmosphere.
• Spacecraft: A vehicle designed for travel in space.
• Touchdown: The moment when an aircraft or spacecraft lands.
• Mission: An important assignment carried out for political, religious, or commercial purposes, typically involving travel.
• Space Shuttle: A reusable