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Brooke Sgambati - One of the best experts on this subject based on the ideXlab platform.

  • Using the Martin Act to Bring Fraudulent Practices in Dark Pool Promotion to Light: An Analysis of the Martin Act's Applicability to Misrepresentations regarding the Operation of Dark Pools
    Columbia Journal of Law and Social Problems, 2016
    Co-Authors: Brooke Sgambati
    Abstract:

    I. INTRODUCTION"Dark pools" are widely and increasingly complex platforms for securities Transactions that serve as alternatives to traditional public exchanges. They are essentially private stock exchanges that are owned and operated by large financial institutions. These private exchanges allow investors to complete securities Transactions without having to reveal their identities or Report their trading activities in real time.1 When an investor places an order to bu3^ or sell stock on a public exchange, the exchange typically makes information regarding that order publicfy available before the order is executed.2 As a result, when an investor places an order for a large block of shares on a public exchange, the trade ma}' cause market movements that are disadvantageous for the investor.3 Dark pools, in contrast, Report Transaction data only after a trade's completion.4 Thus, dark pools allow investors to trade without alerting their competitors, which minimizes the market impact of their actions.5 Executing trades "in the dark" can be beneficial to investors with large orders because these in- vestors may disguise their trading activity, which reduces the risk that other market participants, including predatory high frequency traders, will notice and take advantage of the investors' positions.6While the benefits to investors who trade "off-exchange" seem clear, these investors may be subject to predatory behavior within dark pools.7 This is largely due to the fact that dark pools are opaque and under-regulated.8 Although dark pools are subject to SEC regulations that impose various registration and operational requirements,9 those rules were created with the intent of "allowing] developing systems with low volumes to operate under a minimal regulator burden."10 As a result, dark pools are usually exempt from the more stringent quotation dissemination and fair access standards that these regulations impose on other types of alternative trading systems.11Furthermore, brokers operating dark pools are not required to disclose critical information about various aspects of the dark pools' operations to their customers - including the identities of the parties that trade on their systems, information about what types of orders are available on their platforms and the sources of their pricing data.12 Thus, it is nearly impossible for investors to know what really happens when their orders are filled within these private exchanges.13 Most brokers claim that they will only execute customers' trades in their dark pools when the best prices are available there.14 However, it appears as though they have little incentive to honor this guarantee, as no rule prohibits brokers from trading against their own customers within their dark pools.15 The majority of customer orders that are sent to the typical dark pool are filled there, but it is unlikely that a single dark pool could offer the best price available for such a high proportion of Transactions.16 If brokers were truly acting in their customers' best interests, then more trades that were initially routed to a broker's proprietary dark pool would eventually be executed elsewhere.17 In his recent book Flash Boys, Michael Lewis posits that traders may actually trade against their clients within their banks' dark pools, a practice that is not per se illegal.18 Similarly, while many financial institutions promote their dark pools as safe havens from high-frequency traders, they ma3^ in fact permit such high volume traders to bu3^ access to their dark pools.19 For example, in a recent complaint filed against Barclaj^s, New York Attorney General Eric Schneiderman alleged that Barclays operated its dark pool to favor high-frequency traders and "actively sought to attract them b}^ giving them systematic advantages over others trading in the pool" despite contrary representations to customers.20 Investors who utilize dark pools must simply trust that their brokers are not engaged in dishonest behavior, because they do not have access to information about the dark pools' operation beyond what the banks choose to reveal. …

Siti Ragil Handayani - One of the best experts on this subject based on the ideXlab platform.

  • ANALYSIS VALUE ADDED TAX INVOICE ON CORPORATE TAX PAYER FOR VALUE ADDED TAX CALCULATION (Case Study on CV. Jaya Abadi periods of 2016-2017)
    2018
    Co-Authors: Sidni Ilmaya, Siti Ragil Handayani
    Abstract:

    Pаjаk аdаlаh kegiаtаn wаjib mengumpulkаn dаri pendаpаtаn mаsyаrаkаt di seluruh Indonesiа, sifаt pаjаk dipаksа kаrenа suаtu kewаjibаn. Indonesiа mendаpаtkаn sebаgiаn besаr dаnа dаri pаjаk. Hаsil penаgihаn terbesаr Pаjаk yаitu Pаjаk Penghаsilаn yаng keduа аdаlаh Pаjаk Pertаmbаhаn Nilаi. Penulis membаhаs tentаng Pаjаk Pertаmbаhаn Nilаi, kаrenа pembаhаsаnnyа berkаitаn dengаn usаhа аtаu bаdаn/instаnsi yаng berkewаjibаn untuk melаporkаn kegiаtаn trаnsаksi dаlаm bentuk Surаt Pemberitаhuаn dengаn Fаktur Pаjаk. Penelitiаn ini menggunаkаn pendekаtаn studi kаsus dengаn tipe deskriptif pendekаtаn kuаntitаtif, dengаn fokus penelitiаnnyа аdаlаh Penghitungаn penyаlurаn Pаjаk PPN  pаdа CV. Jаyа Аbаdi, Kewаjibаn pemаsok untuk membuаt Identifikаsi Wаjib  Pаjаk bаgi  merekа  yаng belum  memilikinyа,  Аpаkаh  аdа keterlаmbаtаn dаlаm membаyаr PPN (Pаjаk Pertаmbаhаn Nilаi) dаn melаporkаn fаktur.. Lokаsi penelitiаn аdаlаh CV. Jаyа Аbаdi dаn аlаmаt lokаsinyа аdаlаh Perum TNI АL Blok А2 no 4 а Sidoаrjo,  Jаwа Timur.  Dаpаtkаn  dаtа dengаn  dаtа primer  dаn dаtа sekunder dengаn teknik wаwаncаrа, dokumentаsi dаn observаsi. Kаtа Kunci: V а l u e Аdded Tаx , I nvoice, Corporаte Tаx Pаyer , Tаx Cаlculаtion ABSTRACT T a x is the obligatory activity of collecting from the income of the society throughout Indonesia, the nature of the tax is forced by an obligation. Indonesia gets the most funds from taxes. The first largest collection result of the Second Income Tax is Value Added Tax. The author discusses about Value Added Tax, as the discussion relates to a business or an agency that is obliged to Report Transaction activity in the form of Notification Letter with Tax Invoice. This research use case study approach with the type of descriptive approach quantitative, with focus of the research are Calculation VAT Tax Invoice dockage on CV. Jaya Abadi, The Obligation of the supplier to make the Taxpayer Identification for those who do not already have, Whether or not there is a delay in paying VAT (Value Added Tax) and Reporting the invoice. The research location is CV. Jaya Abadi and the location address is Perum TNI AL Blok A2 no 4 a Sidoarjo, East Java. Obtain the data with primary data and secondary data with interview technique, documentation and observation. Kеywords: V а l u e Аdded Tаx, Invoice, Corporаte Tаx Pаyer , Tаx Cаlculаtion

Robin Handoko - One of the best experts on this subject based on the ideXlab platform.

  • Aplikasi Sistem Inventory dengan Berbasis Web di PT M
    2008
    Co-Authors: Robin Handoko
    Abstract:

    Today, technology is growth very fast. Many advantage witches can get from the technology, which one is using Web base application. With using Web application, the company can store the data Transaction on database, search the data Transaction, and make the Report Transaction list. Web Application can be access from internet networking, so many employees can do their job to make the Transaction data in his / her office. By using the web application, hopefully that can make the company work more efficient and effective.

Sidni Ilmaya - One of the best experts on this subject based on the ideXlab platform.

  • ANALYSIS VALUE ADDED TAX INVOICE ON CORPORATE TAX PAYER FOR VALUE ADDED TAX CALCULATION (Case Study on CV. Jaya Abadi periods of 2016-2017)
    2018
    Co-Authors: Sidni Ilmaya, Siti Ragil Handayani
    Abstract:

    Pаjаk аdаlаh kegiаtаn wаjib mengumpulkаn dаri pendаpаtаn mаsyаrаkаt di seluruh Indonesiа, sifаt pаjаk dipаksа kаrenа suаtu kewаjibаn. Indonesiа mendаpаtkаn sebаgiаn besаr dаnа dаri pаjаk. Hаsil penаgihаn terbesаr Pаjаk yаitu Pаjаk Penghаsilаn yаng keduа аdаlаh Pаjаk Pertаmbаhаn Nilаi. Penulis membаhаs tentаng Pаjаk Pertаmbаhаn Nilаi, kаrenа pembаhаsаnnyа berkаitаn dengаn usаhа аtаu bаdаn/instаnsi yаng berkewаjibаn untuk melаporkаn kegiаtаn trаnsаksi dаlаm bentuk Surаt Pemberitаhuаn dengаn Fаktur Pаjаk. Penelitiаn ini menggunаkаn pendekаtаn studi kаsus dengаn tipe deskriptif pendekаtаn kuаntitаtif, dengаn fokus penelitiаnnyа аdаlаh Penghitungаn penyаlurаn Pаjаk PPN  pаdа CV. Jаyа Аbаdi, Kewаjibаn pemаsok untuk membuаt Identifikаsi Wаjib  Pаjаk bаgi  merekа  yаng belum  memilikinyа,  Аpаkаh  аdа keterlаmbаtаn dаlаm membаyаr PPN (Pаjаk Pertаmbаhаn Nilаi) dаn melаporkаn fаktur.. Lokаsi penelitiаn аdаlаh CV. Jаyа Аbаdi dаn аlаmаt lokаsinyа аdаlаh Perum TNI АL Blok А2 no 4 а Sidoаrjo,  Jаwа Timur.  Dаpаtkаn  dаtа dengаn  dаtа primer  dаn dаtа sekunder dengаn teknik wаwаncаrа, dokumentаsi dаn observаsi. Kаtа Kunci: V а l u e Аdded Tаx , I nvoice, Corporаte Tаx Pаyer , Tаx Cаlculаtion ABSTRACT T a x is the obligatory activity of collecting from the income of the society throughout Indonesia, the nature of the tax is forced by an obligation. Indonesia gets the most funds from taxes. The first largest collection result of the Second Income Tax is Value Added Tax. The author discusses about Value Added Tax, as the discussion relates to a business or an agency that is obliged to Report Transaction activity in the form of Notification Letter with Tax Invoice. This research use case study approach with the type of descriptive approach quantitative, with focus of the research are Calculation VAT Tax Invoice dockage on CV. Jaya Abadi, The Obligation of the supplier to make the Taxpayer Identification for those who do not already have, Whether or not there is a delay in paying VAT (Value Added Tax) and Reporting the invoice. The research location is CV. Jaya Abadi and the location address is Perum TNI AL Blok A2 no 4 a Sidoarjo, East Java. Obtain the data with primary data and secondary data with interview technique, documentation and observation. Kеywords: V а l u e Аdded Tаx, Invoice, Corporаte Tаx Pаyer , Tаx Cаlculаtion

Prakoso, Wahyu Agung - One of the best experts on this subject based on the ideXlab platform.

  • IMPLIKASI YURIDIS KEWAJIBAN PELAPORAN DATA TRANSAKSI NASABAH PENGGUNA KARTU KREDIT TERKAIT PERPAJAKAN OLEH BANK TERHADAP RAHASIA BANK
    Kumpulan Jurnal Mahasiswa Fakultas Hukum, 2019
    Co-Authors: Prakoso, Wahyu Agung
    Abstract:

    Wahyu Agung Prakoso, Dr. Reka Dewantara S.H., M.H, Ranitya Ganindha S.H., M.H Fakultas Hukum Universitas Brawijaya Email : wahyuagung532@gmail.com   Abstrak Pajak merupakan cara Negara untuk membiayai perekonomiannya sendiri dan pengeluaran lainnya secara umum. pembebanan biaya pajak kepada rakyat merupakan salah satu sumber pembiayaan dalam penyelenggaraan pemerintahan dan pembangunan dalam rangka meningkatkan dan memeratakan kesejahteraan masyarakat. Pemeriksaan pajak juga dilakukan bagi Wajib Pajak yang menggunakan fasilitas perbankan seperti Kartu Kredit. Direktorat Jenderal Pajak mengeluarkan kebijakan mengenai Kewajiban Pelaporan Data Transaksi nasabah pengguna Kartu Kredit. Peraturan tertulis dalam Peraturan Menteri Keuangan Nomor 16/PMK.03/2013 Tentang Rincian Jenis Data dan Informasi serta Tata Cara Penyampaian Data dan Informasi yang Berkaitan dengan Perpajakan. Pada peraturan tersebut, bank diwajibkan melaporkan segala data transaksi nasabah pengguna kartu kredit kepada petugas pajak yang paling sedikit memuat antara lain nama bank, Nomor Rekening Kartu Kredit, ID Merchant, nama merchant, nama pemilik kartu, alamat pemilik kartu, Nomor Paspor pemilik Kartu, Nomor Pokok Wajib Pajak pemilik Kartu, bulan tagihan, tanggal transaksi, rincian transaksi, nilai transaksi, pagu kredit. Pemberlakuan peraturan tersebut dirasa telah melonggarkan prinsip rahasia bank dan juga tidak melindungi data nasabahnya. Pembukaan data nasabah terkait perpajakan dikhawatirkan mengurangi kepercayaan masyarakat terhadap lembaga bank dan keadaan perekonomian di Indonesia kedepannya. Penelitian ini merupakan penelitian normatif dan penulis menggunakan metode Yuridis Normatif Sumber hukum primer yang digunakan penulis diperoleh dari perpustakaan, PDIH, dan Internet. Buku-buku ilmiah, Jurnal Hukum yang terkait, dan penjelasan Undang-undang yang terkait dalam penelitian ini sebagai sumber hukum  sekunder. Kata Kunci : Perbankan, Rahasia bank, Perpajakan, Kartu Kredit Abstract Tax is a way of the State to finance its own economy and other expenses in general. imposition of tax fees on the people is one of the sources of financing in the administration of government and development in order to improve and equalize the welfare of the community. Tax checks are also carried out for taxpayers who use banking facilities such as credit cards. The Directorate General of Taxes issued a policy regarding the Obligation to Report Transaction Data on Credit Card users. Written regulations in the Minister of Finance Regulation Number 16 / PMK.03 / 2013 concerning Details of Types of Data and Information and Procedures for Submitting Taxable Data and Information. In the regulation, banks are required to Report all credit card user Transaction data to tax officers who at least contain, among others, bank names, Credit Card Account Numbers, Merchant ID, merchant name, card owner's name, card owner's address, Cardholder's Passport Number, Card owner's Taxpayer Number, month of billing, Transaction date, Transaction details, Transaction value, credit ceiling. The enactment of the regulation was felt to have loosened the bank's secret principles and also did not protect its customers' data. The opening of customer data related to taxation is feared to reduce public confidence in bank institutions and the economic situation in Indonesia in the future. This research is a normative research and the author uses the normative juridical method The primary legal sources used by the author are obtained from the library, PDIH, and the Internet. Scientific books, related Law Journals, and explanations of the Law related to this study as secondary legal sources.   Keywords: Banking, bank secrets, taxation, credit card