The bunkers, in VAT terms, are the partial exemption rules which, like the golfing analogy, are easy to overcome if you know what they ... meant the business could A WALK DOWN THE FAIRWAY OF VAT 9 CHAPTER 5: BUNKER PLAY Partial Exemption.
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Most major economies use a value added tax (VAT) which is a derivation of the French 1954 taxe sur la valeur ajoutée. The initial imposition of VAT in France and its spread around the world have been driven by economic reasons. This book focuses on one of these economic triggers:
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On a company golf outing, in Myrtle Beach, computer account executive Mike Anderson encounters clues to a past he never knew he had. Along the way he discovers a new love of the game, but finds something even more important...himself.