Uniformity In Computing Taxes For Goods And Service

And the customer are sensitive to the price since those products are using only few times and need to be change all the time.

In addition, GST is capable of providing definitions that can be put into quantitative analysis. Therefore, scientific research can be measured using numbers and variables in terms of various issues (Von Bertalanffy, 1969). In this regard, GST will be incorporated as the theoretical framework for the present study.

market, there is price competition. This can lead to price wars and, therefore, lower prices for

Having a value-added tax has many different views, but many cons are shown through the system. With having a value-added tax means the tax on the amount of an item goes up based on its production or distribution. Value-added tax being implemented would clear out many peoples savings. It also would be a struggle on the lower classes, and has been called an “unfair regressive tax”.

The implementation of national sales tax alongside other tax systems will increase the income for the federal government and enable the government to reduce the current national debt (Hodge, 2017).

Because the principle of supply underlies the GST legislation. It is the fundamental precondition for liability to arise from the legislation. The definition of a supply and the mutually exclusive concepts of taxable supply, input taxed supply, and GST free supply, provide the critical element in the application of the legislation.

Evaluate the view that, because price discrimination enables firms to make more profit, firms, but not consumers, benefit from price discrimination

One of the largest effects of a move to national sales tax system would have on us, is the change it would have on people’s working and consumption performance. Although, it is currently unclear to tell if replacing an income tax with a sales tax would cause consumption to rise or fall within the United States, it

The budget will also be adversely affected. The net loss in the budget would be about 2.5% of the country’s GDP representation $4.5 trillion. There are the figures that could have developed with the implementation of the tax policy in the country. The adverse effects of the tax policy has forced the federal government of the United States of America to shift to the alternative minimum taxation as it is stipulated in the Tax Relief Reconciliation Act of 2001 law. This was more lenient as it had much negative effects on the operation of the country. Even though the revenues and the budgets are affected, the effect of the alternative taxation was no such much adverse. The alternative taxation served the real need in the society.

People believe that the tax system is a good way for a government to redistribute the income and make the society more fair and equal, and indeed, Canada's progressivity personal income tax system has decrease the income inequality in some extent. Some people argues that there should be more progressivity at the federal personal income tax system, because the richest Canadian still hold too much share of national income. In 2016, the Canadian federal government actually added a new tax bracket for the person whose income is above $200,000 at the rate of 33%. Government believes that the new added tax bracket will raise the revenue for 2016-2017 by $2.8 billion. However, they only take into account the net primary impact, they do not take the behavioural response into account. When they take into account the behavioural response, according PBO, the revenue that the federal government could actually get is only $1.8 billion.(p.6) The more progressivity on upper income earners will lead to the decrease of labour, reduce of reported income and further stunt economic growth. Canada will also further loss its competiveness of attract highly skilled workers. To reduce the income inequality ,the more progressivity personal income tax system could not achieve the goal perfectly, as it could not raised the anticipated revenue. Meanwhile, the more progressivity will put Canada at a even worse position since its negative impact on economy and Canada's

The setting of ‘fair’ prices to consumers: the company should bear in mind that customers nowadays will shop around to compare the intended products and services. However for the business survival and growth purposes, the company should also maintain its profit margins to ensure its business growth and expansion. The company needs to consider its cost factors and business operation areas to reduce or minimise the costing areas.

From the beginning, I focused on increasing government spending (military and infrastructure) and investment tax credit by the maximum, ten percent, and decrease income tax and payroll tax rate by the maximum, negative ten percent. Reasons for maximum increase is due to government spending projects take a while to get underway and allowing firms to get maximum credit for investing. Reasons for maximum decrease is for all consumers to pay less tax to spend more and firms to have more money left over to investment verses paying payroll tax.

Additionally, the retail and wholesale trades charge GST as a matter of law, retail prices must include any applicable GST, if someone (for instance, walks into a homewares store sees something they like and it’s an international brand, they can take the details of that or they can view it online, see it in a catalogue, wherever they derive their inspiration from, they can go online, view an overseas retailer, or overseas E- trader site, see if the item they’re interested in is available and order it. As long as the total purchase is under $1000 and the documentation is simply whatever the overseas supplier puts on the package concerned, which is already clearly open to abuse, it simply passes through customs without any leverage whatsoever, is simply sent through whatever logistic service it’s been sent by, onto the consumer in Australia whose purchased the goods or prepaid for them in their order, if the goods are imported by a major or commercial importer, in the first instance the applicable duties are paid before the goods are cleared, there are costs associated with the commercial clearance of goods, customs brokers have to be paid and so all manner of port charges are levied, and these charges are not inconsiderable, then gst is also payable by the importer, the goods then pass into the retail trade, where there

The United States of America is a country well know as “the land of opportunity.” In many aspects this is very true, almost anything can be sought out and accomplished. Of course, the phrase “nothing is ever truly free” goes hand in hand with that. Taxes are the evidence that back up that statement, no matter what you do or buy or sell here the government will always be getting its piece to. We all get taxed for making purchases, for owning a home, for having a business, and even for working to make money. As you can imagine no one ever wants to pay taxes but the taxes collected are used to continue many different programs in our country. Many people don’t

Should the flat tax rate system be implemented? No, the flat tax rate system should not be implemented. In this paper, the pro arguments will be presented, which will affirm the thesis. Then the con arguments will be presented. A rebuttal will then follow, and finally, the author’s conclusion will be offered.