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XVIII. Complete the sentences correctly according to the text “The history of taxation in the usa” putting suitable data into gaps.

1. Each level of government in the USA depends on … types of taxes.

a) two or three

b) one or two

c) four.

2. In recent years the income tax has brought in about … of total federal revenues.

a) two-fifth

b) two-third

c) one-fourth.

3. The first U.S. income tax law was enacted in …

a) in 1895

b) in 1913

c) in 1862.

4. The most massive reform of the U.S. tax system was in …

    1. September 1966

    2. October 1986

    3. December 1996.

5. The Tax Reform Act replaced the previous law’s 15 tax brackets, which had a top tax rate of … percent, with a system that had only two tax brackets – 15 percent and 28 percent.

  1. 50

  2. 40

  3. 30.

XIX. Complete the sentences with the information from the text “The history of taxation in the usa”.

  1. The federal income tax is levied on the worldwide income of … .

  2. The first U.S. income tax law was based on the principle of … .

  3. During World War II, income tax rates were raised to very high levels and these taxes became the principal sources of … .

  4. The tax on wages introduced in 1943 significantly increased the number of … to 60 million and … to $43 thousand-million by 1945.

  5. With the Tax Reform Act of 1986, Congress promised individuals and businesses … .

  6. Many supporters of the 1986 Tax Reform Act say that reform was driven by the desire to improve the fairness of … .

XX. Find some additional information and prepare short reports on the taxation in Russia.

  • The history of taxation in Russia.

  • Tax evasion in Russia.

  • Charity and taxation.

XXI. Speak on the significance of taxation in the economy of a country.

XXII. Speak on the topic “Taxation”. Use your own studies, ideas and conclusions on the subject.

Unit 10 company structure

I. Study the list of topical vocabulary to avoid the difficulties in understanding the text of this unit. Consult a dictionary to pronounce the words correctly.

Board of Directors – Совет директоров

Chairman n – Председатель

Chief Executive Officer – генеральный директор, руководитель, высшее должностное лицо компании, глава корпорации

delegate v responsibility – распределять обязанности

elect v – выбирать (путём голосования)

executive n – руководитель

executive director – исполнительный директор

officer n – чиновник, должностное лицо

public company – открытое акционерное общество

shareholders n pl – акционеры

immediate subordinate – непосредственный подчинённый

superior n – начальник

supervise v – руководить

voting authority – право голоса

II. Read the international words. Say what Russian words help to guess their meaning. Make up sentences using these words.

Pyramidal, hierarchical, dominant, general, vary, division, public, individual, finance, authority, specific, typical, policy, select, adequate, budget, corporation, strategic, vision, initiative, final, principal, guide, President, balance, coordinate, operation, investment, information, personnel, boss, subordinate, communicate, instruction.