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Economics tutors are used by many students across the globe to fulfill what they want to achieve and do well. All students aspire to be someone someday and the only way to success is by studying well enough so that as a student you are imparted with the right skill set and take you to your educational goal.

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I am covering education news all over the world for the past 15 years. I like to write more about new forms of education. Find more about Finance homework at http://financehomeworkhelpnow.com.

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UHY Air Passenger Tax Study Reveals USA’s Air Passenger Taxes Among World’s Highest


Sterling Heights, Michigan (PRWEB) June 17, 2015

Air passenger taxes in the USA are amongst the highest in the world, according to a new study by UHY, the international accountancy network.

USA imposes a levy of $ 23 on short haul flights and $ 28 on long haul flights leaving the country representing Transportation Taxes, Segment Taxes and 9/11 Security Fees. This results in the highest tax of any G7 economy.

UHY says that around the world, the most expensive taxes are for long haul flights departing from a Russian airport, where unlike many other countries, airline tickets are subject to sales taxes.

UHY explains that these additional costs damage tourism, penalize business enterprises trying to expand overseas, disadvantage remote regional cities, and chip away at labor mobility.

UHY looked at taxes and compulsory government charges imposed per passenger on an economy class flight in 20 countries around the world. It also analyzed additional charges imposed on a per passenger basis by airport operators.

The global average currently sits at $ 23 on a short haul flight and $ 53 on a long haul flight, with many nations in the study not charging any air passenger taxes.

UHY notes that although the US travellers see high taxes and other charges listed on flights to European destinations, the bulk of these costs are fuel charges listed by the airlines—as European air passenger taxes are generally lower than in the US, and several countries do not charge them at all.

Within the EU, the UK still has the highest flight taxes: an adult with an economy short haul ticket flying from a UK airport will pay $ 20 in tax. For a first or business class ticket, the amount of taxes paid would be even higher at $ 41.    

Many smaller European countries do not impose any taxes on individual passengers, including Ireland, Slovakia and Belgium. In many cases, there has been intense lobbying by local airports and business groups to keep taxes on flying to a minimum to prevent travellers from using airports in neighbouring countries with lower taxes.    

Comments Rick David, COO of UHY Advisors, a member of UHY: “It may be a surprise to US customers that airline ticket taxes are so high in the US compared to some of our peers.”

“Airlines provide a crucial piece of our transportation infrastructure. They facilitate a great deal of economic activity that is essential for countries that want to benefit from globalization. The higher taxes on flying in the USA hurt airlines, business users and consumers.”

“Countries and cities that are expensive to reach lose out on tourism. High air taxes can also be harmful to businesses, as in many commercial relationships there is simply no substitute for face to face contact.”

“For smaller businesses, the cost of flying to see customers may be a serious consideration in deciding whether not to expand into new markets, especially overseas – it can lock them out of globalization. Taxes in the USA can add as much as 15 percent to the cost of flying, so they can pose a meaningful additional burden on budgets.”

UHY adds that in the BRIC economies, flight taxes are actually higher than the global average, at an average $ 21 for a short haul flight. Long distances between cities and relatively weak road infrastructure in these countries make the alternatives to flying significantly less attractive, especially for business trips, so flights are a tempting target for taxes.

UHY explains that this approach imposes greater disadvantages on more isolated regional cities because they may become too expensive as a destination or location for a business. It notes that along with the USA, Russia, Canada and Australia – all geographically large countries – have four of the five highest taxes on flying in the study.

Airport and Airline Charges Lack Transparency

UHY adds that on top of taxes and compulsory payments imposed by government bodies, additional airport fees levied on individual passengers for a short haul flight amount to a typical $ 23 around the world.

Although airport fees are usually passed on to the consumer, airlines often complain that the charges amount to an abuse of an airport’s monopoly status if it has a particularly favored geographic location near a major city.

Airlines also add their own charges such as ‘fuel charges’ which many consumer groups argue should simply be included in the cost of the flight.

Adds Rick David: “For consumers, taxes and fees are confusing; they mean the final ticket price is usually a shock. They also add to the headache of working out how much extra a flight booked using air miles will actually cost for these required fees.

“A major European study five years ago recommended that all air fares should state simply the basic air fare, airport charges and government taxes which are levied per passenger, and the total price. The study said that the costs of operating the flight, such as ticketing or fuel, need to be included in the basic air fare.

“In the USA and around the world, the issue of complex charges is an area where far greater progress needs to be made to ensure better transparency and competition. Businesses and consumers would greatly benefit if regulators and tax authorities kept aviation taxes low and ensured that charges were more transparent.”

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About UHY LLP

UHY LLP, a licensed CPA firm, provides audit and other attest services to publicly traded, privately owned and nonprofit organizations in a number of industry sectors. UHY Advisors provides tax and advisory services to entrepreneurial and other organizations, principally those enterprises in the dynamic middle market.

UHY LLP, operating in an alternative practice structure with UHY Advisors, forms one of the largest professional services firms in the US. While that scale might provide confidence for some clients, others tell us our greatest value is the way we bring these resources to bear to help address today’s evolving business challenges. It’s a philosophy we call “The Next Level of Service”. To learn more visit http://www.uhy-us.com.

All of the above entities are members of UHY International (“UHYI”), a worldwide network of independent professional services firms that provide audit, tax and advisory services around the globe. UHYI is ranked among the top international accountancy networks and a proud member in good standing of the Forum of Firms. Collectively, our US operating entities (UHY LLP and UHY Advisors) are the largest independent members of UHYI with significant participation, bringing the power of our international network to serve the individualized needs of our clients.

UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc. and its subsidiary entities. UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of “UHY Advisors.” UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP and UHY Advisors, Inc. are U.S. members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. “UHY” is the brand name for the UHY international network. Any services described herein are provided by UHY LLP and/or UHY Advisors (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.

Additional Information for Editors

UHY press contact: Dominique Maeremans at +44 20 7767 2621 or d.maeremans(at)uhy(dot)com

About UHY, THE NETWORK

Established in 1986 and based in London, UK, UHY is a network of independent audit, accounting, tax and consulting firms with offices in over 296 major business centres across more than 89 countries.

Our staff members, over 7,660 strong, are proud to be part of the 16th largest international accounting and consultancy network. Each member of UHY is a legally separate and independent firm. For further information on UHY please go to http://www.uhy.com.

UHY is a full member of the Forum of Firms, an association of international networks of accounting firms. For additional information on the Forum of Firms, visit http://www.forumoffirms.org.






Work Productivity Loss Is Highest in U.S. Workers with AIDS, Broken Bones, According to Kantar Health Research


New York, NY (PRWEB) May 19, 2015

Work productivity loss is highest in U.S. workers who have been diagnosed with AIDS or who have broken bones, according to new findings from Kantar Health’s National Health and Wellness Survey (NHWS). The research will be presented today at the ISPOR (International Society for Pharmacoeconomics and Outcomes Research) 20th Annual Meeting in Philadelphia.

“It’s important to include measures of work productivity loss when assessing the value of healthcare interventions,” said Edward Witt, manager, health outcomes research, Kantar Health. “The effect one’s health problems can have on the number of missed workdays and reduced productivity while at work can lead to substantial societal costs.”

Respondents to the NHWS were asked the percentage of work time they had missed in the past seven days due to their health problems (absenteeism) and the percentage of impairment experienced in the past seven days at work due to their health problems (presenteeism). The research examined these work impairment numbers across 19 of the most highly impairing conditions according to the Centers for Disease Control and Prevention (CDC). Although average overall work productivity loss for the employed portion of the NHWS sample was 15 percent, it was much higher among people who had AIDS (51 percent) or had a broken bone (42 percent). Other conditions that caused high levels of work productivity loss were kidney problems (including chronic kidney disease and moderate or severe renal disease) at 40 percent and alcoholism at 36 percent impairment.

“The survey’s results show the importance of developing treatments—especially for chronic diseases—that allow people to live their lives with as little impairment as possible,” Witt said. “In addition, these results can serve as a useful benchmark for subsequent studies of work productivity loss, allowing researchers to place their estimates of impairment in the context of impairment for other conditions.”

About the National Health and Wellness Survey (NHWS)

The study’s results were drawn from the 2013 U.S. NHWS, a nationally representative, self-administered survey conducted annually. Respondents were provided with a list of conditions and asked which they had experienced and been diagnosed with. Conditions that represent 19 of the most disabling conditions, according to the CDC, were included. Topics covered include the health status, attitudes, behaviors and outcomes among adults 18 or older.

Kantar Health conducts the NHWS in the U.S., Europe, Asia and Latin America. The survey is the largest self-reported dataset in the healthcare industry.

About Kantar Health

Kantar Health is a leading global healthcare consulting firm and trusted advisor to many of the world’s leading pharmaceutical, biotech, and medical device and diagnostic companies. It combines evidence-based research capabilities with deep scientific, therapeutic and clinical knowledge, commercial development know-how, and brand and marketing expertise to help clients evaluate opportunities, launch products and maintain brand and market leadership.

Kantar Health deeply understands the influence of patients, payers and physicians, especially as they relate to the performance and payment of medicines and the delivery of healthcare services. Its 600+ healthcare industry specialists work across the product lifecycle, from preclinical development to launch, acting as catalysts to successful decision-making in life sciences and helping clients prioritize their product development and portfolio activities, differentiate their brands and drive product success post-launch. Kantar Health is part of Kantar, the data investment management division of WPP. For more information, please visit http://www.kantarhealth.com.






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