120-816: The Istituto Marangoni is a private Italian school of fashion and design . It is based in Milan , in Lombardy in northern Italy, and has branches in Florence , London and Paris, Shanghai and Shenzhen in China, Mumbai in India, and Miami in the United States. It is now part of the Europe’s largest higher education provider Galileo Global Education , along with the Regent's University London ,
240-433: A pay-as-you-earn basis, with corrections made after the end of the tax year . These corrections take one of two forms: Income-tax systems often make deductions available that reduce the total tax liability by reducing total taxable income. They may allow losses from one type of income to count against another – for example, a loss on the stock market may be deducted against taxes paid on wages. Other tax systems may isolate
360-648: A Japanese school and a German school. Chinese schools were being founded by the ethnic Chinese in Malaysia as early as the 19th century. They provide secondary education in the Chinese language as the continuation of the primary education in Chinese national-type primary schools. The main medium of instruction in these schools is Mandarin Chinese using simplified Chinese characters . Being private schools, Chinese independent high schools do not receive consistent funding from
480-426: A certain area ( social engineering ). For example, a high excise is used to discourage alcohol consumption, relative to other goods. This may be combined with hypothecation if the proceeds are then used to pay for the costs of treating illness caused by alcohol use disorder . Similar taxes may exist on tobacco , pornography , marijuana etc., and they may be collectively referred to as " sin taxes ". A carbon tax
600-672: A certain minimum education; Irish state subsidised fee-charging schools must still work towards the Junior Certificate and the Leaving Certificate , for example. The single fee-charging secondary school in Ireland which receives no state funding, the Nord Anglia International School Dublin , does not have to undergo the state supervision which all the other fee-charging schools undergo. Students there also sit
720-446: A commodity is sold to its final consumer. Retail organizations contend that such taxes discourage retail sales. The question of whether they are generally progressive or regressive is a subject of much current debate. People with higher incomes spend a lower proportion of them, so a flat-rate sales tax will tend to be regressive. It is therefore common to exempt food, utilities, and other necessities from sales taxes, since poor people spend
840-469: A definition and system of classification of internal taxes, generally followed below. In addition, many countries impose taxes ( tariffs ) on the import of goods. Many jurisdictions tax the income of individuals and of business entities , including corporations . Generally, the authorities impose a tax on net profits from a business , on net gains, and on other income. Computation of income subject to tax may be determined under accounting principles used in
960-413: A fee-charging school wishes to employ extra teachers they are paid for with school fees, which tend to be relatively low in Ireland compared to the rest of the world. Because state funding plays a fundamental role in the finances of all but one fee-charging school, they must undergo similar state inspection to non-fee-charging schools. This is due to the requirement that the state ensure that children receive
1080-406: A higher proportion of their incomes on these commodities, so such exemptions make the tax more progressive. This is the classic "You pay for what you spend" tax, as only those who spend money on non-exempt (i.e. luxury) items pay the tax. A small number of U.S. states rely entirely on sales taxes for state revenue, as those states do not levy a state income tax. Such states tend to have a moderate to
1200-638: A higher tax rate. Historically, in many countries, a contract needs to have a stamp affixed to make it valid. The charge for the stamp is either a fixed amount or a percentage of the value of the transaction. In most countries, the stamp has been abolished but stamp duty remains. Stamp duty is levied in the UK on the purchase of shares and securities, the issue of bearer instruments, and certain partnership transactions. Its modern derivatives, stamp duty reserve tax and stamp duty land tax , are respectively charged on transactions involving securities and land. Stamp duty has
1320-497: A large amount of tourism or inter-state travel that occurs within their borders, allowing the state to benefit from taxes from people the state would otherwise not tax. In this way, the state is able to reduce the tax burden on its citizens. The U.S. states that do not levy a state income tax are Alaska, Tennessee, Florida, Nevada, South Dakota, Texas, Washington state, and Wyoming. Additionally, New Hampshire and Tennessee levy state income taxes only on dividends and interest income. Of
SECTION 10
#17328587189121440-403: A more accurate distinction is between fee-charging schools and non-fee-charging schools. This is because approximately 85% of all schools are private schools ( Irish : scoil phríobháideach ) by virtue of not being owned by the state. The Roman Catholic Church is the largest owner of schools in Ireland, with other religious institutions owning the remaining private schools. Nevertheless, despite
1560-553: A particular amount. Such upper or lower limits may apply for retirement but not for health-care components of the tax. Some have argued that such taxes on wages are a form of "forced savings" and not really a tax, while others point to redistribution through such systems between generations (from newer cohorts to older cohorts) and across income levels (from higher income levels to lower income-levels) which suggests that such programs are really taxed and spending programs. Unemployment and similar taxes are often imposed on employers based on
1680-450: A permanent trust fund that would address the needs of the private education sector in the country. In Portugal, private schools were traditionally set up by foreign expatriates and diplomats in order to cater for their educational needs. Portuguese-speaking private schools are widespread across Portugal's main cities. International private schools are mainly concentrated in and around Lisbon , Porto , Braga , Coimbra and Covilhã , across
1800-896: A public school refers to membership of the Headmasters' and Headmistresses' Conference , and this includes many independent grammar schools . The term 'public school' historically meant that the school was open to the public (as opposed to private tutors or the school being in private ownership). Many private schools actively compete with prestigious state schools (including state grammar schools and single sex schools ) in academic achievements. There are many old, world-renowned institutions in England that served as inspiration for most schools of their type abroad. These schools include Winchester College , Eton College , St Paul's School , Harrow School , Westminster School , and Rugby School . The Independent Schools Inspectorate regularly publishes reports on
1920-459: A report by Geeta Gandhi Kingdon entitled: The Emptying of Public Schools and Growth of Private Schools in India , it is said that for sensible education-policy making, it is vital to take account of the various changing trends in the size of the private and public schooling sectors in India. Ignoring these trends involves the risk of poor policies/legislation, with adverse effects on children's education. A lot of criticism towards Iranian government
2040-625: A result of market forces . Certain countries (usually small in size or population, which results in a smaller infrastructure and social expenditure) function as tax havens by imposing minimal taxes on the personal income of individuals and corporate income. These tax havens attract capital from abroad (particularly from larger economies) while resulting in loss of tax revenues within other non-haven countries (through base erosion and profit shifting ). Legal and economic definitions of taxes differ, such that many transfers to governments are not considered taxes by economists. For example, some transfers to
2160-447: A revenue of US$ 450 million in 2008, but is projected to be a US$ 40 billion market. Although there are private schools in India, they are highly regulated in terms of what they can teach, in what form they can operate (must be a non-profit to run any accredited educational institution) and all the other aspects of the operation. Hence, the differentiation between government schools and private schools can be misleading. However, in
2280-455: A science high school. The Fund for Assistance to Private Education (FAPE) is a perpetual trust fund for private education created by Executive Order № 156 s. 1968 and amended by Executive Order № 150 s. 1994. FAPE was created on November 5, 1968 by Executive Order No. 156, in implementation of the project agreement between the Philippine and United States governments to establish
2400-511: A single-rate form of taxation regardless of ability to pay (the Community Charge , but more popularly referred to as the Poll Tax), led to widespread refusal to pay and to incidents of civil unrest, known colloquially as the ' Poll Tax Riots '. Some types of taxes have been proposed but not actually adopted in any major jurisdiction. These include: An ad valorem tax is one where the tax base
2520-506: A state school, e.g. they must teach the state curriculum, they must employ registered teachers, and they can not charge tuition fees (they can charge "attendance dues" for the upkeep on the still-private school land and buildings). The largest decline in private school numbers occurred between 1979 and 1984, when the nation's then-private Catholic school system integrated. As a result, private schools in New Zealand are now largely restricted to
SECTION 20
#17328587189122640-437: A tax on net worth (assets minus liabilities), as a percentage of the net worth, or a percentage of the net worth exceeding a certain level. The tax may be levied on " natural " or " legal persons. " A value-added tax (VAT), also known as Goods and Services Tax (GST), Single Business Tax, or Turnover Tax in some countries, applies the equivalent of a sales tax to every operation that creates value. To give an example, sheet steel
2760-441: A tax on an individual's income and corporate income . Countries or sub-units often also impose wealth taxes , inheritance taxes , gift taxes , property taxes , sales taxes , use taxes , environmental taxes , payroll taxes , duties , or tariffs . It is also possible to levy a tax on tax, as with a gross receipts tax . In economic terms ( circular flow of income ), taxation transfers wealth from households or businesses to
2880-655: Is The King’s School , founded in 1831. Catholic schools form the second-largest sector after government schools, with around 21% of secondary enrolments. Catholic schools, typically have a strong religious focus and usually most of the staff and students are Catholic. In 1999, 5.6% of Canadian students were enrolled in private schools, some of which are religious or faith-based schools, including Christian, Jewish, and Islamic schools. Some private schools in Canada are considered world-class, especially some boarding schools. Private schools have sometimes been controversial, with some in
3000-493: Is a per unit tax, where the tax base is the quantity of something, regardless of its price. An excise tax is an example. Consumption tax refers to any tax on non-investment spending and can be implemented by means of a sales tax, consumer value-added tax, or by modifying an income tax to allow for unlimited deductions for investment or savings. This includes natural resources consumption tax , greenhouse gas tax (i.e. carbon tax ), "sulfuric tax", and others. The stated purpose
3120-417: Is a school not administered or funded by the government , unlike a public school . Private schools (also known as 'independent schools') are schools that are not dependent upon national or local government to finance their financial endowment . Unless privately owned they typically have a board of governors and have a system of governance that ensures their independent operation. Private schools retain
3240-430: Is a distinction between an estate tax and an inheritance tax: the former taxes the personal representatives of the deceased, while the latter taxes the beneficiaries of the estate. However, this distinction does not apply in other jurisdictions; for example, if using this terminology UK inheritance tax would be an estate tax. An expatriation tax is a tax on individuals who renounce their citizenship or residence. The tax
3360-590: Is a full VAT. The province of Quebec collects the Quebec Sales Tax [QST] which is based on the GST with certain differences. Most businesses can claim back the GST, HST, and QST they pay, and so effectively it is the final consumer who pays the tax. An excise duty is an indirect tax imposed upon goods during the process of their manufacture, production or distribution, and is usually proportionate to their quantity or value. Excise duties were first introduced into England in
3480-442: Is a general tax levied periodically on residents who own personal property (personalty) within the jurisdiction. Vehicle and boat registration fees are subsets of this kind of tax. The tax is often designed with blanket coverage and large exceptions for things like food and clothing. Household goods are often exempt when kept or used within the household. Any otherwise non-exempt object can lose its exemption if regularly kept outside
3600-422: Is a mandatory financial charge or levy imposed on a taxpayer (an individual or legal entity ) by a governmental organization to support government spending and public expenditures collectively or to regulate and reduce negative externalities . Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing
3720-589: Is a tax on the consumption of carbon-based non-renewable fuels, such as petrol, diesel-fuel, jet fuels, and natural gas. The object is to reduce the release of carbon into the atmosphere. In the United Kingdom, vehicle excise duty is an annual tax on vehicle ownership. An import or export tariff (also called customs duty or impost) is a charge for the movement of goods through a political border. Tariffs discourage trade , and they may be used by governments to protect domestic industries. A proportion of tariff revenues
Istituto Marangoni - Misplaced Pages Continue
3840-440: Is an ad valorem tax levy on the value of a property that the owner of the property is required to pay to a government in which the property is situated. Multiple jurisdictions may tax the same property. There are three general varieties of property: land, improvements to land (immovable human-made things, e.g. buildings), and personal property (movable things). Real estate or realty is the combination of land and improvements to
3960-413: Is any for which the facilities and funding are not provided by the federal, state or local government, as opposed to a public school, which is operated by the government - or in the case of charter schools , independently with government funding and regulation. A majority of private schools in the United States are operated by religious institutions and organizations. In practice, the term "private school"
4080-412: Is because of large gap of University entrance Exam success between public and private school students, number private school growth has seen a 15% growth dominating Iranian education sector. there is a rise of "luxury" schools. Studying for one year term in private schools may cost 50 million as of July 2023. In Ireland, the internationally recognised definition of "private school" is misleading and
4200-470: Is commonly used to denote a non-sectarian school, whereas "church school", "Christian school", and (for Catholic institutions) "parochial school" are used to denote sectarian ones. Independent schools in the United States educate a tiny fraction of the school-age population (slightly over 1% of the entire school-age population). The essential distinction between independent schools and other private schools
4320-464: Is economically justified, as it will not deter production, distort market mechanisms or otherwise create deadweight losses the way other taxes do. When real estate is held by a higher government unit or some other entity not subject to taxation by the local government, the taxing authority may receive a payment in lieu of taxes to compensate it for some or all of the foregone tax revenues. In many jurisdictions (including many American states), there
4440-495: Is generally a gain on sale of capital assets—that is, those assets not held for sale in the ordinary course of business. Capital assets include personal assets in many jurisdictions. Some jurisdictions provide preferential rates of tax or only partial taxation for capital gains. Some jurisdictions impose different rates or levels of capital-gains taxation based on the length of time the asset was held. Because tax rates are often much lower for capital gains than for ordinary income, there
4560-808: Is generally free, schools that offer instruction in languages other than the official languages of Finland (for example in English) may charge modest fees. There are also unlicensed private schools that do not follow any national curriculum and do not receive public funding. Certificates obtained from such institutions are not recognized as valid proof of education. In 2018, private schools accounted for 3% of basic education institutions and 9% of upper secondary education institutions. All Universities of Applied Sciences are either privately owned or municipality-owned companies or foundations. Some private Universities in Finland operate without legal mandate and are not overseen by
4680-465: Is imported by a machine manufacturer. That manufacturer will pay the VAT on the purchase price, remitting that amount to the government. The manufacturer will then transform the steel into a machine, selling the machine for a higher price to a wholesale distributor. The manufacturer will collect the VAT on the higher price but will remit to the government only the excess related to the "value-added" (the price over
4800-537: Is named FairTax . In Canada, the federal sales tax is called the Goods and Services Tax (GST) and now stands at 5%. The provinces of British Columbia, Saskatchewan, Manitoba, and Prince Edward Island also have a provincial sales tax [PST]. The provinces of Nova Scotia, New Brunswick, Newfoundland & Labrador, and Ontario have harmonized their provincial sales taxes with the GST—Harmonized Sales Tax [HST], and thus
4920-528: Is often hypothecated to pay the government to maintain a navy or border police. The classic ways of cheating a tariff are smuggling or declaring a false value of goods. Tax, tariff and trade rules in modern times are usually set together because of their common impact on industrial policy , investment policy , and agricultural policy . A trade bloc is a group of allied countries agreeing to minimize or eliminate tariffs against trade with each other, and possibly to impose protective tariffs on imports from outside
Istituto Marangoni - Misplaced Pages Continue
5040-471: Is often imposed based on a deemed disposition of all the individual's property. One example is the United States under the American Jobs Creation Act , where any individual who has a net worth of $ 2 million or an average income-tax liability of $ 127,000 who renounces his or her citizenship and leaves the country is automatically assumed to have done so for tax avoidance reasons and is subject to
5160-469: Is on a sliding scale and still has a "capacity to pay" element; however, on average, funding granted to the private school sector is 40 percent of that required to operate government schools, the remainder being made up by tuition fees and donations from parents. The majority of the funding comes from the Commonwealth Government, while the state and territory governments provide about one-third of
5280-564: Is self-governance and financial independence. In contrast, public schools are funded and governed by local and state governments, and most parochial schools are owned, governed, and financed by religious institutions such as a diocese or parish. Independent schools may be affiliated with a particular religion or denomination; however, unlike parochial schools, independent schools are self-owned and governed by independent boards of trustees. While independent schools are not subject to significant government oversight or regulation, they are accredited by
5400-486: Is sometimes called a net wealth tax . Recurrent property taxes may be imposed on immovable property (real property) and on some classes of movable property. In addition, recurrent taxes may be imposed on the net wealth of individuals or corporations. Many jurisdictions impose inheritance tax on property at time of inheritance or gift tax at the time of gift transfer. Some jurisdictions impose taxes on financial or capital transactions . A property tax (or millage tax)
5520-467: Is the unique characteristic of this segment of the education industry, offering schools four freedoms that contribute to their success: the freedom to define their own unique missions; the freedom to admit and keep only those students well-matched to the mission; the freedom to define the qualifications for high quality teachers; and the freedom to determine on their own what to teach and how to assess student achievement and progress. Taxation A tax
5640-439: Is the value of a good, service, or property. Sales taxes, tariffs, property taxes, inheritance taxes, and value-added taxes are different types of ad valorem tax. An ad valorem tax is typically imposed at the time of a transaction (sales tax or value-added tax (VAT)) but it may be imposed on an annual basis (property tax) or in connection with another significant event (inheritance tax or tariffs). In contrast to ad valorem taxation
5760-611: Is their decision whether to engage tutors". Some of the oldest schools in South Africa are private church schools that were established by missionaries in the early nineteenth century. The private sector has grown ever since. After the abolition of apartheid, the laws governing private education in South Africa changed significantly. The South African Schools Act of 1996 recognizes two categories of schools: "public" (state-controlled) and "independent" (which includes traditional private schools and schools which are privately governed). In
5880-399: Is to reduce the environmental impact by repricing . Economists describe environmental impacts as negative externalities . As early as 1920, Arthur Pigou suggested a tax to deal with externalities (see also the section on Increased economic welfare below). The proper implementation of environmental taxes has been the subject of a long-lasting debate. An important feature of tax systems is
6000-412: Is widespread controversy and dispute about the proper definition of capital. Corporate tax refers to income tax, capital tax, net-worth tax, or other taxes imposed on corporations. Rates of tax and the taxable base for corporations may differ from those for individuals or for other taxable persons. Many countries provide publicly funded retirement or healthcare systems. In connection with these systems,
6120-516: The Shin Min Daily News estimated that there were around 540 tuition centres offering private tuition in Singapore. Due to their high demand, tuition centres are able to charge high fees for their services; they have an annual turnover of SGD$ 110.6 million in 2005. The official government stance on private tuition is that "it understands parents want the best for their children and that it
SECTION 50
#17328587189126240-579: The International Baccalaureate rather than the Irish Leaving Certificate which every other Irish secondary school student sits. In exchange, however, Nord Anglia students pay some €25,000 per annum in fees, compared to c. €4,000 – €8,000 per annum fees by students in all other fee-charging Irish schools. Many fee-charging schools in Ireland also double as boarding schools. The fees for these may then rise up to €25,000 per year. All
6360-751: The Manchester Metropolitan University , which also awards master's degrees at the Paris branch. A three-year fashion stylist course in Paris is approved by the Commission nationale de la certification professionnelle . Alumni of the school include Franco Moschino , Domenico Dolce (who left after four months, believing that the school had nothing to teach him), Alessandra Facchinetti , Anna Barroso , Paula Cademartori , Sandra Mansour , Julie de Libran , Rahul Mishra , Rafael Lopez and Alessandro Sartori . Private education A private school
6480-789: The Paris School of Business , the European University Cyprus , the Universidad de Ciencias Médicas or the PFH Private University of Applied Sciences. The school was founded in Milan in 1935 by the tailor Giulio Marangoni, and became a Scuola Professionale Artistica or "professional art school" in 1942. At first the school trained mainly pattern makers and seamstresses ; in the 1970s and 1980s it turned towards fashion design , product development and marketing . A London branch
6600-691: The Scottish Council of Independent Schools (SCIS). All schools are still inspected by the state inspectorate, Education Scotland , and the Care Inspectorate . Independent schools in Scotland that are charities are subject to a specific test from the Office of the Scottish Charity Regulator , designed to demonstrate the public benefit the schools provide. In the United States, a private school
6720-472: The customs house , and revenue derived from that source is called excise revenue proper. The fundamental conception of the term is that of a tax on articles produced or manufactured in a country. In the taxation of such articles of luxury as spirits , beer, tobacco, and cigars, it has been the practice to place a certain duty on the importation of these articles (a customs duty ). Excises (or exemptions from them) are also used to modify consumption patterns of
6840-402: The elderly , unemployment benefits , transfer payments , subsidies and public transportation . Energy , water and waste management systems are also common public utilities . According to the proponents of the chartalist theory of money creation , taxes are not needed for government revenue, as long as the government in question is able to issue fiat money . According to this view,
6960-591: The (first) Gonski Report , the funding formula was changed to compute individual school funding compared to a School Resourcing Standard (SRS). The SRS uses exam results from the National Assessment Program – Literacy and Numeracy tests, calculates the SRS from a cohort of well-performing schools, and applies this formula to other schools on the assumption that they should be able to achieve similar results from similar funding. The funding provided to private schools
7080-701: The Catholic schismatic group , the Society of St Pius X in Wanganui operates three private schools (including the secondary school, St Dominic's College ). A recent group of private schools run as a business has been formed by Academic Colleges Group ; with schools throughout Auckland, including ACG Senior College in Auckland's CBD, ACG Parnell College in Parnell , and international school ACG New Zealand International College . In
7200-518: The Commonwealth amount. The Turnbull government commissioned Gonski in 2017 to chair the independent Review to Achieve Educational Excellence in Australian Schools, commonly called Gonski 2.0. The government published the report on 30 April 2018. Following negotiation, bilateral agreements between the Commonwealth of Australia with each state and territory commenced on 1 January 2019, with
7320-571: The Istituto Marangoni to Providence Equity Partners for a price estimated between 17 and 20 million dollars. Since June 2016 the Istituto Marangoni has been listed by the Ministero dell'Istruzione, dell'Università e della Ricerca , the Italian ministry of education, among the institutions authorised to award diplomas in music, dance and arts. In the UK, its BA and MA programmes are validated by
SECTION 60
#17328587189127440-533: The Malaysian government, although they did receive some funding from some state governments as well as in the 2019 and 2020 budgets under the Pakatan Harapan government. However, in accordance with their aim of providing affordable education to all in the Chinese language, their school fees are substantially lower than those of most other private schools. The schools are kept alive almost exclusively by donations from
7560-604: The Ministry of Education and Culture. Graduates from these universities must undergo the same verification process as those holding foreign degrees. The right to create private schools in Germany is in Article 7, Paragraph 4 of the Grundgesetz and cannot be suspended even in a state of emergency . It is also not possible to abolish these rights. This unusual protection of private schools
7680-606: The Philippines, the private sector has been a major provider of educational services. Private schools are generally free to determine their curriculum in accordance with existing laws and regulations. Science high schools are special schools for the more intellectually promising students to foster the problem-solving approach of critical thinking. As separate high schools, they have specific characteristics not found in regular high schools. However, any private or public high school can aspire to meet these minimum standards and be considered
7800-659: The Portuguese region of Algarve , and in the autonomous region of Madeira . The Ministério da Educação acts as the supervisory and regulatory body for all schools, including international schools. In Singapore, after Primary School Leaving Examination (PSLE), students can choose to enter a private high school. Private tuition is a lucrative industry in Singapore, since many parents send their children for private tuition after school. A straw poll by The Straits Times newspaper in 2008 found that out of 100 students interviewed, only 3 students did not have any form of tuition. In 2010,
7920-856: The United Kingdom and several other Commonwealth countries including Australia, Canada and New Zealand the use of the term is generally restricted to primary and secondary educational levels, and it is almost never used of universities or other tertiary institutions. Private education in North America covers the whole gamut of educational activity, ranging from pre-school to tertiary level institutions. Annual tuition fees at K–12 schools range from nothing at so called 'tuition-free' schools to more than $ 45,000 at several New England University-preparatory schools . The secondary level includes university-preparatory schools, boarding schools , and day schools . Tuition at private secondary schools varies from school to school and depends on many factors, including
8040-489: The above states, only Alaska and New Hampshire do not levy a state sales tax. Additional information can be obtained at the Federation of Tax Administrators website. In the United States, there is a growing movement for the replacement of all federal payroll and income taxes (both corporate and personal) with a national retail sales tax and monthly tax rebate to households of citizens and legal resident aliens. The tax proposal
8160-561: The adoption of the Right to Education (RTE) Act 2009, private schools were required to be 'government-recognised'. A private school would be eligible for government recognition when it met certain conditions. At the primary and secondary level, India has a large private school system complementing the government run schools, with 29% of students receiving private education in the 6 to 14 age group. Certain post-secondary technical schools are also private. The private education market in India had
8280-485: The arts , public works , distribution , data collection and dissemination , public insurance , and the operation of government itself. A government's ability to raise taxes is called its fiscal capacity . When expenditures exceed tax revenue , a government accumulates government debt . A portion of taxes may be used to service past debts. Governments also use taxes to fund welfare and public services . These services can include education systems , pensions for
8400-412: The bloc. A customs union has a common external tariff , and the participating countries share the revenues from tariffs on goods entering the customs union. In some societies, tariffs also could be imposed by local authorities on the movement of goods between regions (or via specific internal gateways). A notable example is the likin , which became an important revenue source for local governments in
8520-598: The correct tax allowances and tax relief. The first known taxation occurred in Ancient Egypt around 3000–2800 BC. Taxes consist of direct or indirect taxes and may be paid in money or as labor equivalent. All countries have a tax system in place to pay for public, common societal, or agreed national needs and for the functions of government. Some countries levy a flat percentage rate of taxation on personal annual income, but most scale taxes are progressive based on brackets of yearly income amounts. Most countries charge
8640-404: The cost of the sheet steel). The wholesale distributor will then continue the process, charging the retail distributor the VAT on the entire price to the retailer, but remitting only the amount related to the distribution mark-up to the government. The last VAT amount is paid by the eventual retail customer who cannot recover any of the previously paid VAT. For a VAT and sales tax of identical rates,
8760-407: The country typically requires employers or employees to make compulsory payments. These payments are often computed by reference to wages or earnings from self-employment. Tax rates are generally fixed, but a different rate may be imposed on employers than on employees. Some systems provide an upper limit on earnings subject to the tax. A few systems provide that the tax is payable only on wages above
8880-650: The education system has always been separate from the rest of Great Britain , the term 'public school' was used historically to refer to state schools for the general public. According to The Good Schools Guide about 7% of children being educated in the United Kingdom are at fee-charging schools at GCSE level and 13% at A-level. Some independent schools are single-sex, although this is becoming less common. In 2011, fees range from under £3,000 to £21,000 and above per year for day pupils, rising to over £27,000 per year for boarders. Costs differ in Scotland. One in four independently educated children come from postcodes with
9000-422: The effect of discouraging speculative purchases of assets by decreasing liquidity. In the United States , transfer tax is often charged by the state or local government and (in the case of real property transfers) can be tied to the recording of the deed or other transfer documents. Some countries' governments will require a declaration of the taxpayers' balance sheet (assets and liabilities), and from that exact
9120-401: The entire student population. Private school numbers have been in decline since the mid-1970s as a result of many private schools opting to become state-integrated schools , mostly due to financial difficulties stemming from changes in student numbers or the economy. State-integrated schools keep their private school special character and receives state funds in return for having to operate like
9240-460: The estates of the deceased. In contrast with a tax on real estate (land and buildings), a land-value tax (or LVT) is levied only on the unimproved value of the land ("land" in this instance may mean either the economic term, i.e., all-natural resources, or the natural resources associated with specific areas of the Earth's surface: "lots" or "land parcels"). Proponents of the land-value tax argue that it
9360-449: The exception of Victoria, whose bilateral agreement commenced on 1 February 2019. The funding agreements provide states with funding for government schools (20 percent) and non-government schools (80 percent) taking into consideration annual changes in enrolment numbers, indexation and student or school characteristics. A National School Resourcing Board was charged with the responsibility of independently reviewing each state's compliance with
9480-464: The expense of enrolments in government schools, which have seen their enrolment share reduce from 78.1 percent to 65 percent since 1970, although the rate of growth of private schools has slowed in the later years. Australian private schools differ from those in other OECD nations as the Australian Government provides funding to all schools including private schools. In 2013, after release of
9600-528: The final years of the apartheid era, parents at white government schools were given the option to convert to a "semi-private" form called Model C , and many of these schools changed their admissions policies to accept children classified to be of other races. These schools tend to produce better academic results than government schools formerly reserved for other "race groups". Former "Model C" schools are state-controlled, not private. All schools in South Africa (including both independent and public schools) have
9720-737: The funding agreement(s). Private school fees can vary from under $ 100 per month to $ 2,000 and upwards, depending on the student's year level, the school's size, and the socio-economics of the school community. In late 2018 it was reported the most expensive private schools (such as AAGPS and CAS schools in New South Wales , GPS and QGSSSA schools in Queensland , AGSV and APS schools in Victoria ) charge fees of up to $ 500,000 for thirteen years of education. The oldest private school in Australia
9840-756: The government expenditure of taxes raised is often highly debated in politics and economics . Tax collection is performed by a government agency such as the Internal Revenue Service (IRS) in the United States , His Majesty's Revenue and Customs (HMRC) in the United Kingdom , the Canada Revenue Agency or the Australian Taxation Office . When taxes are not fully paid, the state may impose civil penalties (such as fines or forfeiture ) or criminal penalties (such as incarceration ) on
9960-495: The government, it can be an aided or an unaided school. Demand for private schools has been growing over the years. While a consensus over what is the most significant driver of this growth in private schooling has not yet emerged, some authors have attributed this to a higher demand for English-medium education, a dissatisfaction with the quality of public schools, greater affordability of private schools, and non-availability of preferred field of study in government schools. After
10080-627: The government. This affects economic growth and welfare , which can be increased (known as fiscal multiplier ) or decreased (known as excess burden of taxation ). Consequently, taxation is a highly debated topic by some, as although taxation is deemed necessary by consensus for society to function and grow in an orderly and equitable manner through the government provision of public goods and public services , others such as libertarians and anarcho-capitalists are anti-taxation and denounce taxation broadly or in its entirety, classifying taxation as theft or extortion through coercion along with
10200-506: The household. Thus, tax collectors often monitor newspaper articles for stories about wealthy people who have lent art to museums for public display, because the artworks have then become subject to personal property tax. If an artwork had to be sent to another state for some touch-ups, it may have become subject to personal property tax in that state as well. Inheritance tax, also called estate tax, are taxes that arise for inheritance or inherited income. In United States tax law , there
10320-512: The jurisdiction, which tax-law principles in the jurisdiction may modify or replace. The incidence of taxation varies by system, and some systems may be viewed as progressive or regressive . Rates of tax may vary or be constant (flat) by income level. Many systems allow individuals certain personal allowances and other non-business reductions to taxable income, although business deductions tend to be favored over personal deductions. Tax-collection agencies often collect personal income tax on
10440-730: The land. Property taxes are usually charged on a recurrent basis (e.g., yearly). A common type of property tax is an annual charge on the ownership of real estate , where the tax base is the estimated value of the property. For a period of over 150 years from 1695, the government of England levied a window tax , with the result that one can still see listed buildings with windows bricked up in order to save their owner's money. A similar tax on hearths existed in France and elsewhere, with similar results. The two most common types of event-driven property taxes are stamp duty , charged upon change of ownership, and inheritance tax , which many countries impose on
10560-1340: The largest cities (Auckland, Hamilton, Wellington and Christchurch) and niche markets. Private schools are almost fully funded by tuition fees paid by students' parents, but they do receive some government subsidies. Private schools are popular for academic and sporting performance, prestige, exclusivity and old boys/girls networks; however, many state-integrated schools and some prestigious single-sex state schools, such as Auckland Grammar School and Wellington College , are actively competitive with private schools in academic and sporting achievement, history and character. Private schools are often Anglican, such as King's College and Diocesan School for Girls in Auckland, St Paul's Collegiate School in Hamilton, St Peter's School in Cambridge , Samuel Marsden Collegiate School in Wellington, and Christ's College and St Margaret's College in Christchurch; or Presbyterian, such as Saint Kentigern College and St Cuthbert's College in Auckland, Scots College and Queen Margaret College in Wellington, and St Andrew's College and Rangi Ruru Girls' School in Christchurch. However,
10680-504: The late Qing China . Occupational taxes or license fees may be imposed on businesses or individuals engaged in certain businesses. Many jurisdictions impose a tax on vehicles. A poll tax, also called a per capita tax , or capitation tax , is a tax that levies a set amount per individual. It is an example of the concept of fixed tax . One of the earliest taxes mentioned in the Bible of a half-shekel per annum from each adult Jew (Ex. 30:11–16)
10800-575: The learning of disabled children. In Australia, private schools are mostly operated by an independently elected school council or board of governors and range broadly in the type of school-education provided and the socio-economics of the school community served. Most private schools are run by religious institutes while others have no religious affiliation and are driven by a national philosophy (such as international schools ), pedogogical philosophy (such as Waldorf-Steiner schools ), or specific needs (such as special schools ). Australia has one of
10920-475: The loss, such that business losses can only be deducted against business income tax by carrying forward the loss to later tax years. In economics, a negative income tax (abbreviated NIT) is a progressive income tax system where people earning below a certain amount receive supplemental payment from the government instead of paying taxes to the government. Most jurisdictions imposing an income tax treat capital gains as part of income subject to tax. Capital gain
11040-514: The media and in Ontario's Provincial Ministry of Education asserting that students may buy inflated grades from private schools. In Finland, education takes place in state-run, municipality-run, and private schools. To qualify for public funding, all schools must receive a license from the Ministry of Education and Culture and align with the national curriculum and educational standards. While education
11160-566: The most privatised education systems in the world with 30 per cent of primary students and more than 40 per cent of secondary students attending private schools. In contrast the OECD average is 18 per cent. Catholic schools make up a sizeable proportion of total enrolment (nearly 15%) and are usually regarded as a school sector of their own within the broad category of private schools, often charging lower fees than Protestant private schools. Enrolment in non-government schools have been growing steadily at
11280-429: The name of educational quality, most comply with regulations relating to the educational content of classes. Religious private schools often add religious instruction to the courses provided by local public schools. Special assistance schools aim to improve the lives of their students by providing services tailored to the particular needs of individual students. Such schools include tutoring schools and schools to assist
11400-433: The national average income or below, and one in three receive assistance with school fees. Evidence from a major longitudinal study suggests that British independent schools provide advantages in educational attainment and access to top universities. In England and Wales, the more prestigious independent schools are known as ' public schools ', sometimes subdivided into major and minor public schools. A modern definition of
11520-586: The non-paying entity or individual. The levying of taxes aims to raise revenue to fund governing , to alter prices in order to affect demand , or to regulate some form of cost or benefit . States and their functional equivalents throughout history have used the money provided by taxation to carry out many functions. Some of these include expenditures on economic infrastructure ( roads , public transportation , sanitation , legal systems , public security , public education , public health systems ), military , scientific research & development , culture and
11640-609: The opportunity to choose the school they prefer. For instance, the biggest school chain, Kunskapsskolan ("The Knowledge School"), offers 30 schools and a web-based environment, has 700 employees and teaches nearly 10,000 pupils. Private schools are also known as independent schools, because of their freedom to operate outside government and local government control. Elite institutions for older pupils, which charge high fees, are typically described as public schools . Preparatory schools in England and Wales prepare pupils up to 13 years old to enter public schools. In Scotland, where
11760-507: The past century. Some private schools are associated with a particular religious denomination or religion , such as Roman Catholicism , various branches of Protestantism or Judaism . Although private schools may have a religious affiliation, the precise use of the term excludes parochial (and other) schools if there is a financial dependence upon, or governance subordinate to, outside organizations. These definitions generally apply equally to both primary and secondary education . In
11880-417: The percentage of the tax burden as it relates to income or consumption. The terms progressive, regressive, and proportional are used to describe the way the rate progresses from low to high, from high to low, or proportionally. The terms describe a distribution effect, which can be applied to any type of tax system (income or consumption) that meets the definition. The terms can also be used to apply meaning to
12000-458: The public sector are comparable to prices. Examples include tuition at public universities and fees for utilities provided by local governments. Governments also obtain resources by "creating" money and coins (for example, by printing bills and by minting coins), through voluntary gifts (for example, contributions to public universities and museums), by imposing penalties (such as traffic fines ), by borrowing and confiscating criminal proceeds. From
12120-579: The public. In the Netherlands over two-thirds of state-funded schools operate autonomously, with many of these schools being linked to faith groups. The Programme for International Student Assessment , coordinated by the OECD , ranks the education in the Netherlands as the 9th best in the world as of 2008, being significantly higher than the OECD average. As of April 2014, there were 88 private schools in New Zealand, catering for around 28,000 students or 3.7% of
12240-440: The purpose of taxation is to maintain the stability of the currency, express public policy regarding the distribution of wealth, subsidizing certain industries or population groups or isolating the costs of certain benefits, such as highways or social security. The Organisation for Economic Co-operation and Development (OECD) publishes an analysis of the tax systems of member countries. As part of such analysis, OECD has developed
12360-442: The quality of education in all independent schools. In Scotland, schools not state -funded are known as independent or private schools. Independent schools may also be specialist or special schools – such as some music schools, Steiner Waldorf Education schools, or special education schools. Scottish independent schools currently educate over 31,000 students and employ approximately 3,500 teachers. Schools are represented by
12480-562: The right to select their students and are funded in whole or in part by charging their students for tuition , rather than relying on taxation through public (government) funding; at some private schools students may be eligible for a scholarship, lowering this tuition fee, dependent on a student's talents or abilities (e.g., sports scholarship, art scholarship, academic scholarship), need for financial aid, or tax credit scholarships that might be available. Roughly one in 10 U.S. families have chosen to enroll their children in private school for
12600-437: The right to set compulsory school fees, and formerly model C schools tend to set much higher school fees than other public schools. In Sweden, pupils are free to choose a private school and the private school gets paid the same amount as municipal schools. Over 10% of Swedish pupils were enrolled in private schools in 2008. Sweden is internationally known for this innovative school voucher model that provides Swedish pupils with
12720-404: The same six regional accreditation agencies that accredit public schools . The National Association of Independent Schools (NAIS) is a membership organization of American pre-college independent schools. The NAIS provides this definition of an independent school: Independent schools are 501(c)(3) nonprofit corporate entities, independent in governance and finance, meaning: Independence
12840-470: The school's location, the willingness of parents to pay, peer tuitions, and the school's financial endowment . Some private schools are boarding schools, and many military academies are privately owned or operated as well. Religiously affiliated and denominational schools form a subcategory of private schools. Some such schools teach religious education , together with the usual academic subjects, to impress their particular faith's beliefs and traditions in
12960-406: The state-subsidised fee-charging schools are run by a religious order, e.g., the Society of Jesus or Congregation of Christian Brothers , etc. The major private schools being Blackrock College , Clongowes Wood College , Castleknock College , Belvedere College , Gonzaga College and Terenure College . There are also a few fee-charging international schools in Ireland, including a French school,
13080-641: The students who attend. Others use the denomination as a general label to describe what the founders based their belief, while still maintaining a fine distinction between academics and religion. They include parochial schools , a term which is often used to denote Roman Catholic schools. Other religious groups represented in the K–12 private education sector include Protestants, Jews, Muslims, and Orthodox Christians. Many educational alternatives , such as private schools or online schools , are privately financed. Private schools often avoid some state regulations, although in
13200-410: The supply of people is in fact not fixed over time: on average, couples will choose to have fewer children if a poll tax is imposed. The introduction of a poll tax in medieval England was the primary cause of the 1381 Peasants' Revolt . Scotland was the first to be used to test the new poll tax in 1989 with England and Wales in 1990. The change from progressive local taxation based on property values to
13320-516: The taxation of select consumption, such as a tax on luxury goods and the exemption of basic necessities may be described as having progressive effects as it increases a tax burden on high end consumption and decreases a tax burden on low end consumption. Taxes are sometimes referred to as "direct taxes" or "indirect taxes". The meaning of these terms can vary in different contexts, which can sometimes lead to confusion. An economic definition, by Atkinson, states that "...direct taxes may be adjusted to
13440-405: The total payroll. These taxes may be imposed in both the country and sub-country levels. A wealth tax is levied on the total value of personal assets, including: bank deposits, real estate, assets in insurance and pension plans, ownership of unincorporated businesses , financial securities , and personal trusts. Liabilities (primarily mortgages and other loans) are typically deducted, hence it
13560-672: The total tax paid is the same, but it is paid at differing points in the process. VAT is usually administrated by requiring the company to complete a VAT return, giving details of VAT it has been charged (referred to as input tax) and VAT it has charged to others (referred to as output tax). The difference between output tax and input tax is payable to the Local Tax Authority. Many tax authorities have introduced automated VAT which has increased accountability and auditability , by utilizing computer systems, thereby also enabling anti-cybercrime offices as well. Sales taxes are levied when
13680-538: The use of force . Within market economies, taxation is considered the most viable option to operate the government (instead of widespread state ownership of the means of production ), as taxation enables the government to generate revenue without heavily interfering with the market and private businesses; taxation preserves the efficiency and productivity of the private sector by allowing individuals and companies to make their own economic decisions, engage in flexible production , competition , and innovation as
13800-467: The vast majority of schools being under the ownership of private institutions, a large majority of all their costs, including teachers' salaries, are paid for by the Irish state. Of these private schools, only a very small minority actually charge fees. In 2007, 'The number of schools permitted to charge fees represents 7.6% of the 723 post primary level schools and they cater for 7.1% of the total enrolment.' If
13920-443: The view of economists, a tax is a non-penal, yet compulsory transfer of resources from the private to the public sector , levied on a basis of predetermined criteria and without reference to specific benefits received. In modern taxation systems, governments levy taxes in money; but in-kind and corvée taxation are characteristic of traditional or pre- capitalist states and their functional equivalents. The method of taxation and
14040-509: The year 1643, as part of a scheme of revenue and taxation devised by parliamentarian John Pym and approved by the Long Parliament . These duties consisted of charges on beer, ale, cider, cherry wine, and tobacco, to which list were afterward added paper, soap, candles, malt, hops, and sweets. The basic principle of excise duties was that they were taxes on the production, manufacture, or distribution of articles which could not be taxed through
14160-443: Was a form of the poll tax. Poll taxes are administratively cheap because they are easy to compute and collect and difficult to cheat. Economists have considered poll taxes economically efficient because people are presumed to be in fixed supply and poll taxes, therefore, do not lead to economic distortions. However, poll taxes are very unpopular because poorer people pay a higher proportion of their income than richer people. In addition,
14280-477: Was implemented to protect these schools from a second Gleichschaltung or similar event in the future. In Italy education is predominantly public; about one-fifth of schools are private, attended by about one out of 10 Italian schoolchildren. The Italian constitution states that education is to be public, free, and compulsory for at least eight years. In India, private schools are called independent schools, but since some private schools receive financial aid from
14400-711: Was opened in a former textile factory at 30 Fashion Street, Spitalfields , in 2003, and a Paris branch opened in 2006. A branch in Via de' Tornabuoni in central Florence opened in 2016. In China, branches were opened in Shanghai in 2013, and in Shenzhen in 2016. The Group opened its first school in India, in Mumbai, in July 2017. In 2010, there were about 2200 students of 70 nationalities in three campuses. In 2011, Career Education Corporation sold
#911088