When the world war II was going on the Allied powers had felt the necessity for forming a United Nations
Organisation. The talks were held at Dumbarton Oaks, Washington D.C.from August 21 to October7, 1944, which was finally put to concrete shape by the delegates of 50 Allied Nations assembled at San Francisco from April 26 to June 26, 1945.
Objectives: The U.N as an organisation of nations who have voluntarily joined together to work for wor...
Wednesday, 7 August 2013
World Business terminology - General Knowledge guide
Value-Added Tax (VAT) : A tax on the value added is termed VAT. The principle governing this tax is that the person paying for goods or services pays a tax thereon
and also collects tax on his sales. The net effect of this tax is that the tax paid is credited against tax collected and only the balance is payable to the taxing authority.
Tax : A tax is a compulsory payment made by a person or a body or persons to a public authority for which there is no quid pro quo. It is an important source of
revenue...
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