EVEN WHEN we’re locked down at home, we can’t help trying to keep busy, if only watching the news and tracking the latest contagion rates and recoveries, and checking our bank balances online. Filling up the day with the busyness of routine, or, for those working from home, actually pitching for new business in a virtual presentation can be a challenge. Additional work time is added with the elimination of commuting.
In a trail blazing paper by Dr. Jordi Canals, former Dean of one of the top business schools in the world, the IESE Business School in Barcelona, Spain and now IESE Foundation Professor of Corporate Governance, a new notion in contemporary management and corporate governance is amply explained.
States have continued to prioritize the implementation of various mitigation measures to recover from the setbacks caused by the COVID-19 pandemic. Emerging economies, including those that are in dire need of capital, have become more reliant on foreign investments to generate jobs, support key industries, and accelerate economic growth.
“YEAH, it’s a hustle.”
The value-added tax (VAT) is only imposed if the goods or services are “destined” for local consumption. There is no VAT when they are meant for consumption abroad. Our system follows the so-called destination principle insulating exporters and export-oriented enterprises from paying VAT on their local purchases.
The month of May marks the country’s Labor Day. As such, it would do us well to take a step back and to look at the concept of labor and work, which will hopefully help us face the challenges that workers all over the world face today. There seems to be a preponderance of looking at work only on the level of its economic dimensions and effects, but such a view is severely limited. Labor and work, being fundamental human activities, certainly have social, political, and cultural dimensions that needs bearing out. I suggest beginning our pondering on this topic by defining how labor and work are instrumental in the constitution of ourselves, the way that human beings relate with their world, and finally, the way that work is tied to our relationship to each other as human beings.
US President Donald Trump had trouble breathing on Oct. 1, 2020. He tested positive for the coronavirus. He was found to have lung infiltrates, which occur when the lungs are inflamed and contain substances such as fluid or bacteria. Their presence indicated an acute case of COVID-19.
While we applaud the government for another piece of tax legislation which will help small businesses bounce back, the approval came too close to the April 15 deadline. This resulted in some confusion and an appeal to extend the deadline for the filing of the Annual Income Tax Return (AITR).
One of the promises or hypotheses of all these hurried vaccines is that as more people are vaccinated, COVID-19 cases and deaths will decline as people will no longer suffer severe cases of infection. Has this been achieved?
The logic is simple. All other things being equal, the price increases as supply of the particular good decreases. Alternatively, all things being equal, the price decreases as supply increases. Similarly, all else being equal, the price of the good increases as demand increases. And the price decreases as demand goes down.