Second Personal Statement Example | Topics and Well Written Essays - 250 words

Second - Personal Statement Example His parents took him to there. After just a week, Tom was able to perfectly create some unique designs using his laptop. With patience, the college teachers helped Tom to expand his skills and knowledge. It did not take long, when tom started creating several designs. Within a year, Tom was designing very effective program like Photoshop and illustrator. After his college time, Tom took his time and embarked on a mission to create variety of programs that he hoped to market in foreign countries. Tom’s dream came true. Within a period of four months after college, he succeeded to create two effective programs i.e. a Photoshop and an illustrator. These two programs he had created opened his ways. He contacted a very popular company in our city which agreed to adopt his illustrator program in their operations. Later after sealing that deal, Tom embarked on a mission to achieve his dream of marketing his work in foreign countries. He contacted Lam Tra Company in UAE and shared his work with them. This has given Tom who was initially a cripple, an international reputation. When I learned of Tom’s success last summer when I visited them, I felt ashamed. I began working on my talents .I joined my sister and his friend who had started a new company, and they were working on their first cartoon project. They allowed me to serve as a marketing manager, a role I have played perfectly since my first day of

Oil Taxes Essay Example | Topics and Well Written Essays - 3750 words

Oil Taxes - Essay Example Crude oil, as the raw material in the world market has effected changes that have affected the economic stability of countries. While price changes has its usual negative implications, adverse supply shocks unexpectedly has created a critical scenario in the reduced aggregate supply in the world oil market thereby increasing its prices. In the early 70's, OPEC's control and reduction of oil prices according to Mankiw(1998)1 has aroused the world oil price instantly that has resulted to double-digit inflation and high unemployment rates. The changing prices of crude oil have its usual implications on the economy that often results to a world oil crisis. At the moment, the world is witnessing a major oil crisis with the current war in Iraq and the ensuing conflict with the other large oil producing countries in the Middle East. It is startling to note that material changes in the price of oil can rapidly cascade to the whole economy thereby affecting the price structures of consumer go ods and services. The United States, as the highest consumer of the world's oil stands at the loosing end thereby carefully fielding studies to convince the Gulf and Europe to limit their cuts. Former US Energy Secretary Richardson2(2000)has suggested in a new measure to limit the drastic impact on world economic slowdown by discussing the relationship between the world oil price market and the heavy taxation imposed by the government of oil-producing countries on oil production. According to OPEC, the barrel of refined oil has been split in to three; crude oil price, industry margin and taxes. Governments who share the bulk of the profit are thereby enjoined to seriously observe their tax policies and exact measures to alleviate the prices of this main commodity. Mineral Taxation around the World The current moves to effective globalization aims to de-emphasize high tax rate, tie tax rate to additional profit or impose low but flat tax on all activities. Abu Dhabi, Dubai, Tunisia and Venezuela that have similar high tax rate do not share in production, while Qatar, Egypt, Yemen and Argentina that share in production have tax rate ranging from 0-40%.73 Most of these countries have done away with royalty while others have rates ranging from 1-12%, which is based on the sliding scale tied to production. Let us look into the different taxation measures imposed by Azerbaijan and Kazakhstan, two minor oil producers who have every potential for economic gains and their implementation of tax reforms. As international capital flows are guided by the prevailing fiscal regimes, there is a need for achieving some degree of harmonization. In this context, it is important to know what types of taxes can be expected on the oil sector industry. The dual nature further imposed on oil and gas as a special character of the mineral sector on other countries has equated the dual role of the government leading to the dilemma of whether taxation should be different in the mining sector and general system in terms of rate structure and administration. Taxes of general application may not always be suitable for mineral companies involving higher capital intensity and long-gestation lags. Further, it is difficult to prejudge whether the exemption of the mineral companies from