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alishajoy059 · 24 days
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Advance Pricing Agreements (APAs) in India provide certainty on transfer pricing for international transactions. Available in unilateral, bilateral, and multilateral formats, APAs cover various transactions, aiming to prevent disputes. Taxpayers can apply, undergo negotiations, and comply with reporting and audit requirements for specified periods. Roll-back provisions enable applying APA terms retrospectively, subject to conditions.
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twnenglish · 5 months
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Proportional Tax: Merits and Demerits
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A proportionate tax is an income tax system in which everyone, regardless of income, pays the same percentage tax. Low, middle, and high-income taxpayers all face the same proportional tax. Flat taxes are a term that is used to describe proportional taxes. A progressive or marginal tax system, on the other hand, adjusts tax rates as income rises. Tax rates are lower for low-income earners than for high-income ones.
Proportional Taxes as an Example
All taxpayers under a proportionate tax system must pay the same percentage of their income in taxes. If the rate is set at 20%, a taxpayer earning $10,000 will pay $2,000, while a taxpayer making $50,000 will pay $10,000. Similarly, a millionaire would pay $200,000 in taxes. Proponents of proportional taxes argue that they boost the economy by encouraging people to work more because there is no penalty for earning more money. They also believe that a flat tax structure will encourage firms to spend and invest more, resulting in more money flowing into the economy.
Proportional Taxation has a Number of Benefits
The first and most important benefit of proportional tax is that because everyone pays the same rate of tax, there is no ambiguity about the rate of taxation, which leads to clarity in the minds of both taxpayers and tax collectors. When it comes to taxes, the majority of people do not understand the tax rates because there are so many slabs and exemptions associated with those slabs, so having clarity about the rate of taxation makes life easier for taxpayers. Another advantage of proportional tax is that it lowers tax evasion by the wealthy. When tax rates are high for the wealthy and low for the middle and poor, the wealthy will attempt every trick in the book to avoid paying taxes, resulting in reduced tax leakage. Another advantage of proportional tax is that it is easy to grasp for both tax authorities and taxpayers, resulting in improved implementation by tax authorities and acceptance by taxpayers.
To Read This Full ARTICLE, Click Here
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PROFESSIONAL TAX REGISTRATION
Professional tax is a mandatory tax imposed by some state governments in certain countries on individuals engaged in various professions, trades, or employments. This tax is distinct from the income tax and is levied to support the local government's funds and administrative expenses. The aim of professional tax is to ensure that professionals contribute to the state's revenue in proportion to their earnings. In this article, we will explore the fundamentals of professional tax, its significance, and its impact on professionals.
Applicability and Scope
Professional tax is applicable to individuals who earn an income through a profession, trade, calling, employment, or vocation. It includes salaried employees, self-employed professionals, freelancers, and business owners. The tax is typically administered by the respective state government, and the rates and rules may from state to state.
 For More Information > Click Here  https://ngandassociates.com/professional-tax-registration
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innovant · 2 years
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INNOVANT's hands-free VAT consultation
Do you want more than just guidance in matters related to #VAT#payment, #avoidance, and #opportunities?
Do you need #expertise in managing your #tax-related #processes?
Do you need an expert to attend meetings with higher authorities on your behalf?
INNOVANT's #hands-free VAT consultation includes!
- Reviewing and #auditing your business’s transactions - Study your #expenditures to provide a detailed report - Send you an accurate #assessment of how the #application of VAT would impact your business - Recommend essential #amendments needed in the #accounting, chart of accounts, and its #classifications - Review and modification of #policies to be in line with the newest requirements as well - Answering any questions you may have regarding the #Zakat and Income #TaxAuthority
#outsourcing this part of your headache to us leaves you with the time and headspace required to #perform in real #business.
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akgvgassociates · 3 years
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𝐒𝐚𝐥𝐯𝐚𝐭𝐢𝐨𝐧 𝐅𝐫𝐨𝐦 𝐆𝐒𝐓 𝐄𝐫𝐫𝐨𝐫𝐬
An insight has been provided to the readers how one can safeguard against unwanted demand notice from tax authorities or unwanted issues that may arise from errors in GST compliance that are committed unknowingly. It is to be kept in mind that escaping from small obligations today might one day turn into hardships and heavy penalties.
https://www.akgvg.com/blog/salvation-from-gst-errors/
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india24x7news-blog · 5 years
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Swiss Bank tomorrow will disclose the list of
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The CBDT said in a statement, "India will also get information about the accounts of Indian citizens in Switzerland closed in 2018." CBDT makes policies for the Income Tax Department. The list of Swiss bank accounts will be revealed. The list will be available with tax authorities. New Delhi: Information of Swiss bank accounts of Indians will be with the tax department of India from Sunday. With the effect of automatic exchange of banking information between India and Switzerland coming into effect, there is a possibility of revealing of secrets on Swiss bank accounts of Indians. The Central Board of Direct Taxes (CBDT) has termed this move as very important against the fight against black money. The board has said that a period of 'secrecy involving Swiss bank' will end from September. CBDT makes policies for Income Tax Department.
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Swiss Bank tomorrow will disclose the list of "Black Money" hoarders to Indian Tax Authorities. India 24x7 News The CBDT has said that a Swiss delegation who came to India just before the system of information exchange began, between 29-30 August, Revenue Secretary AB Pandey, Board Chairman PC Modi and Board Member (Legislative) Akhilesh Ranjan Had a meeting with The Swiss delegation was led by Nicholas Mario, deputy head of the tax department at Switzerland's state secretariat for international finance affairs. Automatic exchange of financial accounts information (AEOI) is starting from September. CBDT has said in the statement, "India will also get information about the accounts closed in 2018 of Indian citizens in Switzerland." In the last 5 years, the Modi government has taken many important decisions related to demonetisation and benami property to tighten the blackmoney. Now in the second term of the government, the news that has come about black money is going to give some relief. In fact, the curtain is going to be raised tomorrow from the Indians who have bank accounts in Swiss banks. Information about Indian citizens holding bank accounts in Switzerland will be available with the tax authorities from tomorrow. Taking this step, the Central Board of Direct Taxes (CBDT) said, "The government's fight against black money is an important step and the era of privacy of Swiss banks will finally come to an end by September." CBDT makes policy for Income Tax Department. At the same time, CBDT said that India will also get information about the accounts of Indian citizens in Switzerland closed in the year 2018. The CBDT says that just before this system of information exchange began, a Swiss delegation from India met with Revenue Secretary AB Pandey, Board Chairman PC Modi and Board Member (Legislative) Akhilesh Ranjan. The delegation, which came from 29–30 August, was led by Nicholas Mario, deputy head of the tax department at the State Secretariat for International Finance Affairs, Switzerland. How much is the black money? This year a report of the Standing Committee on Finance was presented in the Lok Sabha in June. According to this, during the 30 years between 1980 and 2010, black money was sent outside the country through Indians for about 246.48 billion rupees i.e. 17,25,300 crores to $ 490 billion rupees 34,30,000 crores. Read the full article
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crypscrow · 5 years
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#dailycryptoupdate #cryptonews #crypscrow #cryptolender #nexo #dividend #tokenholders #cryptolaw #europe #tighten #malta #struggle #australia #taxauthorities #fine #retirementaccount #china #digitalfiat #montymunford #techjournalist #lose #breaks #firstrule #bakkt #launch #september https://www.instagram.com/p/B1QXNIGgmQN/?igshid=1jua36uk27xbt
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rizmona · 3 years
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All firms in the UAE must have a Tax Registration Number (TRN). Let's dive further into what a TRN is and how you should get it.
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Corporate Travel Agents Can Save Their Clients Up to 25% on International Travel Expenses
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tomidufva · 7 years
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#drawing #drawingaday #finnishswedishwordaday #finland100 #suomi100 #finlandssvenska #art Drawing 35. #beskattate #taxauthority #taxman #skattemyndighet http://ift.tt/2lbQybK
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alishajoy059 · 25 days
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Transfer Pricing regulations in India allow for unilateral, bilateral, and multilateral Advance Pricing Agreements (APAs) determining future intercompany transaction prices. They cover various transaction types, enhancing certainty and compliance.
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teacherby · 6 years
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___ Video Gear 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻 My mic :- https://amzn.to/2lvwgMA My camera (cheapest price Video quality higher) :- https://amzn.to/2InZypj Lights used in Video :- https://amzn.to/2ImRoh3 Mobile /camera stand :-https://amzn.to/2lvmOJ1 My mobile phone {best camera phone} :- https://amzn.to/2tyWgdv Laptop :- https://amzn.to/2yCY4YW Authorized e-filing website All India ITR has launched an app for e-filing of income tax on Tuesday. With the help of this app, filling income tax will be quite easy. Will save your money All India ITR founder and director Vikas Dahiya has said that with the help of this app, the process of income tax filing will be expedited. With the help of this app, people will be able to make their income tax by themselves and for this they will not have to take any specialist's services either. In this way, the money that they spend for the services of an expert will be saved. Read also - GST effects on gold, from price to purchase, everything will change What will it be? With the help of this app, the refund status will be known, the outstanding income tax can be calculated, the HRA rebate will be counted, as well as the option to generate a Rent receipt in this app. This app is an app with user friendly interface, which can be easily used. You will also find answers to such questions in this app, for which you have to pay the Chartered accountant. How and where will these apps come from? This app is available for both Android and iOS platforms. For Android, this app will be available from Google Play Store and iOS users can download it from Apple App Store. After downloading this app you will be able to easily deposit your income taxAuthorized e-filing website All India ITR has launched an app for e-filing of income tax on Tuesday. With the help of this app, filling income tax will be quite easy. Will save your money All India ITR founder and director Vikas Dahiya has said that with the help of this app, the process of income tax filing will be expedited. With the help of this app, people will be able to make their income tax by themselves and for this they will not have to take any specialist's services either. In this way, the money that they spend for the services of an expert will be saved. Read also - GST effects on gold, from price to purchase, everything will change What will it be? With the help of this app, the refund status will be known, the outstanding income tax can be calculated, the HRA rebate will be counted, as well as the option to generate a Rent receipt in this app. This app is an app with user friendly interface, which can be easily used. You will also find answers to such questions in this app, for which you have to pay the Chartered accountant. How and where will these apps come from? This app is available for both Android and iOS platforms. For Android, this app will be available from Google Play Store and iOS users can download it from Apple App Store. After downloading this app you will be able to easily deposit your income tax  सरकार द्वारा ऑथराइज ई-फाइलिंग वेबसाइट आल इंडिया आईटीआर ने मंगलवार को एक आयकर ई-फाइलिंग का एक ऐप लॉन्च किया है। इस ऐप की मदद से आयकर भरना काफी आसान हो जाएगा। ये भी पढ़ें- पेटीएम ने लगाई प्री-जीएसटी सेल, आईफोन 7 जीतने का है मौका  बचेंगे आपके पैसे ऑल इंडिया आईटीआर के संस्थापक और निदेशक विकास दहिया ने कहा है कि इस ऐप की मदद से आयकर फाइलिंग की प्रक्रिया में तेजी आएगी। इस ऐप की मदद से लोग खुद से ही अपना आयकर तैयार कर सकेंगे और इसके लिए उन्हें किसी विशेषज्ञ की सेवाएं भी नहीं लेनी होंगी। इस तरह वह जो पैसे किसी विशेषज्ञ की सेवाओं के लिए खर्च करते हैं, वह बचेंगे। ये भी पढ़ें- सोने पर भी GST इफेक्ट, कीमत से खरीदारी तक, बदलेगा सब कुछ क्या-क्या होगा इससे? इस ऐप की मदद से रिफंड स्टेटस जाना जा सकेगा, बकाया आयकर की गणना की जा सकेगी, एचआरए छूट की गणना की जा सकेगी और साथ ही रेंट रसीद भी जनरेट करने का विकल्प इस ऐप में मिलेगा। यह ऐप यूजर फ्रेंडली इंटरफेस वाला ऐप है, जिसे आसानी से इस्तेमाल किया जा सकता है। इस ऐप में ऐसे सवालों के जवाब भी आपको मिलेंगे, जिसके लिए आ��को चार्टर्ड अकाउंटेंट को पैसे देने पड़ते हैं।  कैसे और कहां से मिलेगा ये ऐप? यह ऐप एंड्रॉइड और आईओएस दोनों ही प्लेटफॉर्म के लिए उपलब्ध है। एंड्रॉइड के लिए यह ऐप गूगल प्ले स्टोर से मिल जाएगा और आईओएस के ग्राहक इसे ऐपल ऐप स्टोर से डाउनलोड कर सकते हैं। इस ऐप को डाउनलोड करने के बाद आप आसानी से अपना आयकर जमा कर सकेंगे। ❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️ ALL INDIA ITR APP LINK :- https://ift.tt/2tRntZo #whichcreditisnotavailableintheGST, #GSTCREFLDITS, #GST #CREDIT RULES GST For Professionals & Businessman {हिंदी}: https://www.youtube.com/playlist?list... GST For STUDENTS{हिंदी and ENGLISH}: https://www.youtube.com/playlist?list...
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usajobsite · 7 years
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Tax Manager Region KSB North America and GIW with GIW Industries
The position listed below is not with Georgia Interviews but with GIW IndustriesGeorgia Interviews is a private organization that works in collaboration with government agencies to promote emerging careers. Our goal is to connect you with supportive resources to supplement your skills in order to attain your dream career. Georgia Interviews has also partnered with industry leading consultants & training providers that can assist during your career transition. We look forward to helping you reach your career goals! If you any questions please visit our contact page to connect with us directlyPurposeof the position: Responsible for preparation and review ofall federal, state and local tax compliance, reporting and supporting RegionalController in daily work and special projects. Dutiesand Responsibilities:Prepare and review quarterlyfilings, including estimated income taxes and various government censusreportingResponsible for the preparationand filing of all annual and consolidated federal and state income taxreports, statements, returns, etc. as required by law and generallyaccepted accounting principles. Also responsible for oversight anddirection of sales/use tax and property tax. Support relationship withinternal/external auditors.Advises management on researchof tax consequences of proposed transactions and/or projects.Maintain tax accountingstandards and reporting knowledgeProvide regulatory informationto accounts payable, finance and purchasing personnel with regard to variousstate sales/use tax lawsCorrespond with various taxauthorities regarding assessments, tax notices, audits requests, and otherrelated issuesPrepare annual tax footnote and financial statement disclosure for USGAAP and IFRSPerforms analysis of currentstate tax positions and pursues opportunities to minimize and/or recovertax paid to taxing jurisdictions.Provide support to theaccounting teams to review tax impact of corporate transactions andintercompany transactionsManage and perform first-leveltechnical review of income tax provision of local entities of assignedregion(s), including detailed review of deferred tax balances, permanenttax rate drivers, tax payable balances and true-up calculationsCoordinate and deliverinformation timely to external auditors to assist with efficient closeprocessDrive process improvements andfacilitate streamlining of routine tasksAssist with special projects andperform ad hoc requests as neededPrepares all necessaryapplications for tax credits and incentives, keeping status list ofoutstanding items, and researches new opportunities for tax credits andincentives.Maintains comprehensive taxcalendar for federal, state and local filing requirements.Generates and supports RegionalController with Reporting and Analyses.Education/Skills and Experience:Undergraduate degree in Accounting, orequivalent combination of training and experienceMinimum five years relevant corporate taxexperience in industry or public accountingCPA or Master of Tax preferredExperience with SAP preferredProficient with Microsoft Office; inquisitivewith new ideas and technologiesStrong written and verbal communication skillsand ability to interact with all levels of management.Excellent analytical, problem solving, businesssense, interpersonal, and organizational skills.Able to prioritize and balance workload,including monitoring projects and complying with due dates.Ability to take initiative and workindependently with minimal supervision.Strongorganization and presentation skills.Willing to continuously acquire new skills andkeep up to date with the latest developments.Demonstratedability to identify and solve problems in a fast paced environment.   TaxManagerRegionKSBNorthAmericaandGIWwithGIWIndustries from Job Portal http://www.jobisite.com/extrJobView.htm?id=80142
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jobisite11 · 7 years
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Tax Manager Region KSB North America and GIW with GIW Industries
The position listed below is not with Georgia Interviews but with GIW IndustriesGeorgia Interviews is a private organization that works in collaboration with government agencies to promote emerging careers. Our goal is to connect you with supportive resources to supplement your skills in order to attain your dream career. Georgia Interviews has also partnered with industry leading consultants & training providers that can assist during your career transition. We look forward to helping you reach your career goals! If you any questions please visit our contact page to connect with us directlyPurposeof the position: Responsible for preparation and review ofall federal, state and local tax compliance, reporting and supporting RegionalController in daily work and special projects. Dutiesand Responsibilities:Prepare and review quarterlyfilings, including estimated income taxes and various government censusreportingResponsible for the preparationand filing of all annual and consolidated federal and state income taxreports, statements, returns, etc. as required by law and generallyaccepted accounting principles. Also responsible for oversight anddirection of sales/use tax and property tax. Support relationship withinternal/external auditors.Advises management on researchof tax consequences of proposed transactions and/or projects.Maintain tax accountingstandards and reporting knowledgeProvide regulatory informationto accounts payable, finance and purchasing personnel with regard to variousstate sales/use tax lawsCorrespond with various taxauthorities regarding assessments, tax notices, audits requests, and otherrelated issuesPrepare annual tax footnote and financial statement disclosure for USGAAP and IFRSPerforms analysis of currentstate tax positions and pursues opportunities to minimize and/or recovertax paid to taxing jurisdictions.Provide support to theaccounting teams to review tax impact of corporate transactions andintercompany transactionsManage and perform first-leveltechnical review of income tax provision of local entities of assignedregion(s), including detailed review of deferred tax balances, permanenttax rate drivers, tax payable balances and true-up calculationsCoordinate and deliverinformation timely to external auditors to assist with efficient closeprocessDrive process improvements andfacilitate streamlining of routine tasksAssist with special projects andperform ad hoc requests as neededPrepares all necessaryapplications for tax credits and incentives, keeping status list ofoutstanding items, and researches new opportunities for tax credits andincentives.Maintains comprehensive taxcalendar for federal, state and local filing requirements.Generates and supports RegionalController with Reporting and Analyses.Education/Skills and Experience:Undergraduate degree in Accounting, orequivalent combination of training and experienceMinimum five years relevant corporate taxexperience in industry or public accountingCPA or Master of Tax preferredExperience with SAP preferredProficient with Microsoft Office; inquisitivewith new ideas and technologiesStrong written and verbal communication skillsand ability to interact with all levels of management.Excellent analytical, problem solving, businesssense, interpersonal, and organizational skills.Able to prioritize and balance workload,including monitoring projects and complying with due dates.Ability to take initiative and workindependently with minimal supervision.Strongorganization and presentation skills.Willing to continuously acquire new skills andkeep up to date with the latest developments.Demonstratedability to identify and solve problems in a fast paced environment.   TaxManagerRegionKSBNorthAmericaandGIWwithGIWIndustries from Job Portal http://www.jobisite.com/extrJobView.htm?id=80142
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mykonosislandworld · 3 years
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E9 Tax Declaration: Φορολογικός οδηγός για διορθώσεις στο Ε9, με 25 SOS για να μειώσετε τα χαράτσια!!
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Αναλυτικός οδηγός ερωταπαντήσεων που εξέδωσε πρόσφατα η Ανεξάρτητη Αρχή Δημοσίων Εσόδων, για τη διευκόλυνση των ιδιοκτητών ακινήτων στην υποβολή δηλώσεων Ε9....... Με τη βοήθεια του οδηγού αυτού χιλιάδες ιδιοκτήτες ακινήτων μπορούν είτε να δηλώσουν τυχόν αλλαγές που επήλθαν στην ακίνητη περιουσία τους κατά τη διάρκεια του 2020 ή προηγούμενων ετών, ή ακόμη και κατά τις πρώτες 33 μέρες του 2021, είτε απλώς να διορθώσουν τα περιγραφικά στοιχεία των ακινήτων τους, καθώς επίσης και τα στοιχεία για τα ποσοστά συνιδιοκτησίας και τα είδη των εμπραγμάτων δικαιωμάτων τους, ώστε, σε κάθε περίπτωση, να είναι πλήρως «ευθυγραμμισμένα» με τις αντίστοιχες δηλώσεις στο Εθνικό Κτηματολόγιο. Χωρίς πρόστιμα Σημειώνεται ότι, σύμφωνα με νομοθετική ρύθμιση που ψηφίστηκε πρόσφατα, η δυνατότητα υποβολής τροποποιητικών διορθωτικών δηλώσεων Ε9 για τα έτη 2010-2020 παρέχεται με απαλλαγή από το πρόστιμο των 100 ευρώ που ισχύει για κάθε περίπτωση εκπρόθεσμης υποβολής δήλωσης πληροφοριακού χαρακτήρα. Η απαλλαγή ισχύει μέχρι την οριστικοποίηση των στοιχείων όλων των δηλώσεων Κτηματολογίου σε όλη την επικράτεια της χώρας. Η υποβολή των δηλώσεων Ε9 γίνεται στην εφαρμογή «Ε9-Περιουσιολόγιο» που έχει αναπτύξει στο σύστημα ΤΑΧΙSnet η Ανεξάρτητη Αρχή Δημοσίων Εσόδων (ΑΑΔΕ). Σε κάθε περίπτωση, πάντως, κατά την οποία από τη διόρθωση των στοιχείων των ακινήτων που έχουν δηλωθεί στο Ε9 προκύπτει υποχρέωση καταβολής επιπλέον ΕΝΦΙΑ (π.χ. Read the full article
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Neil Salonen - In 1976 he authored an outrageous PR Lying Strategy!
http://www.tparents.org/UTS/DoH3/DoH3-2c.pdf New Hope News January 19, 1976 Pages 11-12 (EXCERPTS) On January 12, 1976, Mr. Salonen issued an official statement in response to the Daily News series...On November 30 to December 4, the New York Daily News published afive-part series on the Unification Church which contains many serious distortions. This statement is our initial response to the general themes developed by the News. 1. Freedom of Speech and Conscience No Mind Control...Under no circumstances does it desire any control over the minds of its members... 3. Importance of the Family Members of the Unification Church are not encouraged to abandon their families... 4. Building the Strong and Helping the Weak The Church strongly encourages self esteem, self confidence, and self determination on the part of its members and leaders. No one is sought because he is expected tobe a devoted follower out of guilt or weakness... 5. Evil and Fallacy of "Deprograming" ...Members of the Unification Church are not programmed in anything... 6. No Connection With Any Government The Unification Church is not overtly or covertly connected with the South Korean government in any way whatsoever... 8. Reverend Moon: A Modern Prophet The Unification Church does not teach that Reverend iMoon is God or the Messiah. 9. Reverend Moon: No Political Ambitions Reverend Moon has never sought personal power...Reverend iMoon has no desire to control any political leader or any government... He would never submerge America to any single religious organization or individual. He seeks no personal political power. 10. Reverend Moon Has no Personal Wealth Reverend Moon is provided for by the Unification Church because he is the Church's spiritual leader and international head. 11. Reverend Moon's Media Relations In order to give full time to the Unification Church movement and to avoid favoritism to any one journalist or medium, Reverend Moon does not have press conferences orgrant interviews. 12. Money Solicitation and Uses for Charity ...The assets of the Unification Church are used solely for the mission of the Church to spread the word of God and help others deepen their relationship with Him... 13. Member Service and Compensation Members who are missionaries are not paid wages, but receive all necessities 14. Compliance with the Law The Unification Church will not knowingly violate any American Law or government regulation. As a non-profit organization, it is accountable to federal and state taxauthorities. No complaint has ever been filed by them against the Church.
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