Before Four, Four, Twenty-Four

Get it?

Like in the date format?

Before 04/04/24.

QA TESTING

Aka “Quality Assurance Testing”, a field in which you basically detect bugs in a software.

Think of it as putting software through a rigorous obstacle course before it reaches the public. QA testers are like meticulous athletes, trying every feature, button, and input to find any hidden flaws. They ensure the software works smoothly, performs as intended, and is free of bugs and glitches.

QA testing can be divided into further categories that are explained in this article:

Outlook:

LABOR MARKET TRENDS THIS YEAR

While it's still early to make definitive judgements about the global economy in 2024, several key trends are likely to shape the labor market:

• Talent Shortage:

  Despite the potential slowdown, talent shortages are likely to persist in many sectors, particularly in skilled trades, healthcare, and technology. This will continue to give leverage to job seekers in these fields.

• Focus on Skills & Up-skilling:

  Employers will continue to prioritize skills and experience over formal qualifications. Up-skilling and re-skilling initiatives will be crucial for both employers and employees to adapt to changing demands.

• Wage Growth Moderation:

  While wages are expected to continue rising, the pace of growth may slow down compared to the recent past.

• Slower Economic Growth:

  Most analysts expect economic growth to slow down in 2024 compared to recent years. This could translate to a less robust job market with fewer openings and potentially higher unemployment.

• Remote Work & Flexibility:

  From a quantitative perspective, individuals who have returned to the workforce post-pandemic typically do not work as many hours as they did before. This is partly because part-timers are more common than full-timers, and part-timers sometimes require assistance in transitioning back to a full-time job.

Here’s an executive report by the ILO on employment trends and social outlook around the world:

TAX EVASION

Taxes can seem intimidating, but understanding the fundamentals can make them feel less overwhelming. This section will introduce you to key tax concepts in order to evade them, all after thorough research into successful evaders.

We’ll stick to the types right now. . .

By Entity Paying:

1. Direct Taxes: Paid directly by individuals or organizations to the imposing entity.

2. Income Tax: Levied on individual and corporate income.

3.  Property Tax: Based on the value of owned property.

4.  Estate Tax: Levied on the estate of a deceased person.

5.  Gift Tax: Levied on gifts exceeding a certain value.

6.  Indirect Taxes: Paid by consumers indirectly through the purchase of goods and services.

7.  Sales Tax: Added to the price of goods and services at the point of sale.

8.  Value-Added Tax (VAT): Levied on the value added at each stage of production and distribution.

9.  Excise Tax: Levied on specific goods like gasoline, tobacco, and alcohol.

10.  Customs Duty: Levied on imported goods.

By Purpose:

1.  General Taxes: Revenue collected is used for general government spending.

2.  Specific Taxes: Revenue collected is earmarked for a specific purpose, like education or infrastructure.

By Impact:

1.  Progressive Taxes: Tax rate increases as income increases, aiming for wealth redistribution.

2.  Regressive Taxes: Tax rate decreases as income increases, disproportionately impacting lower-income earners.

3.  Proportional Taxes: Tax rate remains the same regardless of income, also known as a flat tax.

Other Types:

1.  Payroll Taxes: Levied on wages and salaries to fund social security and other programs.

2.  Capital Gains Tax: Levied on profits from the sale of assets.

3.  Corporate Tax: Levied on corporate profits.

4.  Franchise Tax: Levied on businesses for the right to operate in a jurisdiction.

5.  Inheritance Tax: Levied on inherited assets.

**This list is not exhaustive, and the specific types of taxes levied vary by jurisdiction.

BLACK JACKETS & GUT-CHECKS

The Rundown Team.