explain four reason why is tax important for a country

Q: discuss double taxation that is good for 2 minutes.

A:

Q: What are cannons of taxation?

A: The administrative components of a tax are referred to as canons of taxation. They have to do with…

Q: Which tax system impacts more on the rich people, and why does it impacts them more?

A: Progressive Taxes is the tax system that impacts more on the rich people. Taxes that are assessed…

Q: Define progressive tax.

A: A tax refers to an amount imposed on the person, commodities or any other item to earn revenue for…

Q: The tax on cigarettes in New York City is one of the highest in the nation—$5.85 per pack. What are…

A: Tax is a mandatory unilateral or one way payment made by the public towards the government in the…

Q: What is direct tax and indirect tax? Give example. How does taxation helps in fiscal development?

A: Direct Tax A direct tax, to put it simply, is one which you pay to the taxing authority directly.…

Q: Price (dollars per textbook) 90 80 70 60 50 2 3 4 5 6. Quantity (millions of textbooks per year) The…

A: Equilibrium is achieved at a point where demand curve intersects supply curve. When tax is imposed…

Q: e role of tax

A: The main purpose of taxation is that it finances the government expenditure . The most important use…

Q: What can you say about Tax incidence in the Philippines, who carries the burden more? Give examples…

A: Tax incidence is an economic term for the distribution of tax burden between producers and sellers.…

Q: Where does our taxes goes? What are the things that the government do to our taxes? Who are those…

A: As economies emerged, economic agents increased their demand for goods and services. Production of…

Q: 6. (19 pts) The figure below represents demand and supply in the market for cigarettes. Use the…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: The table below shows an income tax schedule for the imaginary country of Republica. Kermit is a…

A: Note: We are not allowed to answer more than three subparts at one moment as per the Bartleby…

Q: S8.Compute:(a) Market Gains (MG) before and after the tax;(b) Governmental Revenue (GR);(c) Economic…

A: deadweight loss is a cost to society created by market inefficiency, which occurs when supply and…

Q: Give a brief conclusion about taxation in Malaysia

A: Malaysia has progressive direct tax system.People with higher income are taxed higher and people…

Q: he Philip

A: The new tax reform is considered to be a good news for low-income and middle-income earners of the…

Q: What is the relative importance of taxation to the economy of the country? Discuss clearly the…

A: A tax is a governmental organization's mandatory financial payment or other forms of levy levied on…

Q: What would happen if Texas collects less taxes and generates less revenue?

A: In an economy, it can be seen that the taxes are the major part or component of government revenue.

Q: = Use the following table to answer the question about taxes, where P Price buyers pay, P, Price…

A: Tax revenue is included in the Receipt Budget, which is then included in the Union Budget's Annual…

Q: What can you say about Tax incidence in our country, who carries the burden more? Give examples and…

A: Taxes are unintended fees placed on individuals or companies and levied by a government agency –…

Q: What is the old taxation of the Philippines?

A: A tax is a governmental organization's mandatory financial charge or other sort of levy placed on a…

Q: If a tax of $0.90 is imposed, what is the tax revenue?

A:

Q: Analyze taxes on tobacco through the perspective of: a. a smoker b. a cigarette firm

A: In an economy, when taxes are imposed on buyers or sellers, there will be different impact due to…

Q: Which of the following is an example of a direct tax? Check all that apply. A tax placed directly on…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: who pays the corporate taxes the globel ecomany

A: When there is high tax rate in the economy then the firms respond by lowering the investments and…

Q: Case II: Attached is a graph diagram depicting the market for soft drinks. If an excise tax equal to…

A: The following figure is given:

Q: What are the fundamental principles of taxation?

A: Taxation means levying or imposition of particular amount of tax on individuals by the government in…

Q: What is the importance of taxation

A: Taxation is proportional to a person's financial status, encouraging social and economic equality.…

Q: Explain why the ideals of tax efficiency and tax equity are problematic in many emerging countries.

A: Governments use taxation to collect revenue from individuals and businesses based on income, wealth,…

Q: Explain the reason why Albert Einstein said, "The hardest thing to understand in the world is the…

A: During a deener, Albert Einstein said, "The hardest thing to understand in the world is the income…

Q: If taxes are a cost of doing business and are built into the price of goods and sevices, who…

A: Incidence of tax The incidence of tax refers to the extent to which the consumer or producer…

Q: Illustrate each of the following situations with a graph showing IS curve: a. An increase in taxes

A: Tax is a unilateral payment made from the public to the government for many purposes such as for the…

Q: e table shows the market for tulips.   Price (dollars per bunch) Quantity demanded Quantity supplied…

A: equilibrium is achieved at the output level where Qs=Qd thus Q*= 80 units and P*= $14

Q: What happens to the tax revenue when the tax on a good increase gradually? (a) Will rise (b) Will…

A: Tax Revenue:- Earnings received through profit and revenue taxation, benefit payments, taxes on…

Q: Give a brief example of regressive tax system

A: There are three tax system which are:- (1) Proportional tax system (2) Progressive tax system (3)…

Q: Refer to the figure below: Iprice 10 6. 6. 4. Datertade 10 20 30 40 50 60 70 80 quantity From the…

A: the tax rate is vertical gap between the demand curves. the new price is paid by the buyers is…

Q: Explain how corporate profits are taxed twice

A: Taxes refer to the fees that is charged by the government on various entities of the economy. The…

Q: What is the subject of Corporate Tax? Who has to pay corporate tax? Please provide detailed…

A: Corporate tax is a form of tax that applies to all businesses. It is a tax levied on a company's…

Q: Discuss the taxation system of the United States. What kind of system does the U.S currently employ?…

A: Taxes are non-voluntary taxes imposed on individuals or companies by a government agency (local,…

Q: Why is the burden of a tax to taxpayers greater thanthe revenue received by the government?

A: Tax Burden is a proportion of the taxation rate forced by government. It incorporates direct…

Q: he graph shows the market for flashlights in which the government has imposed a tax of $6 per…

A: Equilibrium is achieved at a point where demand is equal to supply. Tax refers to the difference…

Q: Which flows represent taxes? a. C and D b. E and F c. A and B d. D and E

A: In a market, there is a cyclical flow between firms, households, and government for an exchange of…

Q: then tax revenue for the

A: Due to tax imposed , govt moved the market from market equilibrium to social optimum  That is at…

Q: What is Tax Structure System?

A: Tax structure is identified as the central government, state government along with the working in…