Qn. 2 Discuss the major effects of taxes on the performance of our economy. Advise the government on some of the major guiding principles they should follow when introducing a tax system.
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Qn. 2
- Discuss the major effects of taxes on the performance of our economy.
- Advise the government on some of the major guiding principles they should follow when introducing a tax system.
Step by step
Solved in 4 steps
- True or false. The incidence of property taxes that are levied on rented houses and apartments is high—meaning that they are paid almost entirely by the landlords, who are billed by the government for those taxesGiven the market value of indirect taxes are 630 and subsidies are 34 what will be the value of net indirect taxes?Qs 4: What is the meaning of the term ‘tax expenditure’?
- Question: Which of the following is an example of a regressive tax? a) Value-added tax (VAT) b) Progressive income tax c) Corporate income tax d) Property tax Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Public finance please answer all parts of the question.A, B, C pls
- When government tax policy requires Nathan to pay $30,000 in taxes on annual income of $300,000 and John to pay $18,000 in tax on annual income of $100,000, then the tax policy is: Group of answer choices optional. progressive. regressive. proportional.Which tax is paid on individual income from sales of assets? a-sales tax b-excise tax c-estate tax d-capital gains taxA4 The discovery of oil and its subsequent production in Ghana in December 2010 gave citizens hope for an indirect improvement in their standards of living due to an expected rise in Governemnt revenue (Kankam & Ackah, 2014). Perform a qualitative assessment of Ghana’s upstream petroleum fiscal regime including a thorough citation of the state and investor shares.
- A government replaces progressive taxes with regressive taxes. What is the likely outcome? a. Distribution of Income more even; Marginal Tax Rate decrease b. Distribution of Income more uneven; Marginal Tax Rate increase c. Distribution of Income more uneven; Marginal Tax Rate decrease d. Distribution of Income more even; Marginal Tax Rate increasethe personal income tax rate is 31%, the dividend income tax rate is 12% and the corporate tax rate is 20 %, what is the effective tax advantage of debt? (The answer can be positive or negative.)TAX SYSTEM IN MALAYSIA FOR YEAR OF ASSESSMENT 2019 1. Tax Administration in Malaysia • Basis year and Assessment year for individual taxpayer • Basis year and Assessment year for Business tax payer. • What is self assessment for individual? 2. Self Assessment for Individual • Differences between Self Assessment and Conventional style of tax assessment 3. Penalties and Offences • List and explain any TEN offences and it’s penalties.
