Your superior has assigned you the task of assisting in designing the new tax system. Discuss what a good tax system would require and explain the specific economic challenges that affect taxation in your country.

Q: One of the bases that the legislator must take into consideration when developing tax legislation in…

A: Developing a tax legislation in any countryhas very wide scope and definition, therefore

Q: What other agencies and bodies are involved in the tax system in New Zealand?

A: Tax is a charge which is levied by government. There are two types of taxes which are; 1) Direct…

Q: A progressive tax system encourages individuals to work harder.Is it true or false? and why?

A: Progressive tax system is the system under which a lower rate of tax is imposed on an individual…

Q: Assuming that you were a tax consultant of a certain company, discuss the specific provisions of the…

A: Tax Planning: Tax planning is the investigation of a monetary circumstance or plan to guarantee that…

Q: Can you give one example of tax avoidance and what its effect on the tax collection of the country?

A: Tax avoidance is made before calculating actual tax liability.

Q: .Several benefits accrued to Gov’t from taxation. As a tax expert who has failed your lecturer you…

A: Taxes are mandatory or monetary charges that the government imposes on individuals or organizations…

Q: a. Explain what is meant by general anti-avoidance rule.  B).  State what impact this could have on…

A: Anti-avoidance in general:- The GAAR is a concept that allows a country's Revenue Authority to deny…

Q: Can you give me an idea of how taxation is important in our lives?

A: Taxation is the process through which a government imposes a financial restriction or liability on…

Q: Is it ethical for state and city governments to entice specific businesses to relocate their…

A: A business entity has complete freedom to operate their business in any state and city, irrespective…

Q: Consider the economic debates about either 1) the effects of immigration on wages in receiving areas…

A: Economic theory predicts impacts on local worker employment and wages, United States deal with other…

Q: Whilst searching for related literatures for her thesis study, Jackie found a tax law which provides…

A: The answer is stated below:

Q: Explain in detail about taxation policies and tax environment of Pakistan?

A: The tax collection by the government of any Sovereign country is for economic development…

Q: Summarize the different philosophies regarding the distribution of a nation’s tax burden.

A: Taxation refers to a process of imposition of a compulsory levy on any individual or entities by the…

Q: What are some aspects of business that require knowledge of taxation? What are some aspects of…

A: ●What are some aspects of business that require knowledge of taxation? What are some aspects of…

Q: Congress uses the tax code to influence our behavior. Examples include deductions for mortgage…

A: Following are the other tax deductions or tax credits that encourage particular behaviours:   (1) :…

Q: Is it acceptable or unacceptable for government tax enforcers to interact with tax accounting…

A: Taxes are due by everyone in the country, whether they are a person or a business. Tax evasion is a…

Q: What are the steps to improve the taxation system in the Philippines that will benefit the poor…

A: In the philippines, the tax payer shall be subject to prior audit upon application for a tax…

Q: Whilst searching for related literatures for her thesis study, Jackie found a tax law which provides…

A: Right against self-incrimination means no person can be forced to give a witness against himself. No…

Q: Explain what is the most beneficial, or useful piece of tax information we can learn from tax…

A: Taxes are main components of business but there are many ways to reduce taxes and pay efficient…

Q: isters the tax system in New Zealand? What are some of their duties and powers? Name some of the…

A: The Commissioner at Inland Revenue is responsible for administering the tax system in accordance…

Q: Comment on the following items relative to tax planning strategies of a fiduciary entity. To reduce…

A: The process of examining a financial position or plan to ensure that all components work together to…

Q: Explain why administrative and compliance costs of taxation is important regarding taxation? What…

A: Taxable income is the amount of income computed to measure the amount of taxes to be paid to the…

Q: Give a critical analysis and give a clear recommendation of how government should tax its nationals,…

A: A tax is a charge which a taxpayer has to pay towards government on the taxable income. A tax is…

Q: Fill out the table below. Which among the types of taxes (national or local, Philippines) do you…

A: Taxation in Philippines There are different types taxation which are prevailed in the country like…

Q: FIT (Federal Income Tax) is tax paid from your income to the national level of government. Your…

A: Tax is a payment made to the government by a taxpayer for the government or social resources used by…

Q: Sheldon would like to know whether he should consider payroll taxes and sales taxes. If he should,…

A:

Q: The ideal taxation system is a good tax system, that is, it must comply government needs whose…

A: Government charges two different taxes from its customer. One is direct tax and the other is…

Q: Using all the concepts discussed In this class, develop/create a tax system that can be used by a…

A: Answer:-  Tax meaning:- Tax is a sum of money that a government makes citizens to pay based on their…

Q: What are the available commercial and noncommercial tax resources that you could utilize as a tax…

A: Hi student Since there are multiple sub parts in this question, we are answering only first three…

Q: Identify three ways that governments can alter their tax system to increase revenues.

A: please like the answer your response matters  Taxation is the main source of revenue for government.…

Q: prove taxation system in the Philippi

A: within the recently concluded Grant Thornton International tax academy held here in Makati City, I…

Q: Assume you are a fresh graduate from UPSA with Public Finance as one of your specializations. You…

A: In order to be a tax system to be good and effective it needs to meet five basic conditions. Which…

Q: Which among the type of taxes (national or local) do you think can be reduced, removed, or revised…

A: Taxes are an importance source of revenue for the governments to spend on infrastructure. But at the…

Q: show. Identify all of the possible tax implications of this giveaway and explain what you think the…

A: Donation or charitable work can be defined as the performance of work or provided services to the…

Q: search and make a reflection paper on how the Government exerted efforts to help its citizens during…

A: Taxes are mandatory contributions made by government agencies from individuals or businesses,…

Q: Which of the following taxes is allowed to be deducted from gross income derived from the exercise…

A: Income is earned through different sources all over the world. There are general areas that generate…

Q: Based on the discussion of tax purposes and principles, what can say about the taxation system in…

A: Tax is a charge which is charged to those persons whose income during the year exceeds the tax…

Q: Discuss the potential advantages and disadvantages of implementing an internal business…

A: An internal business process measure, that is the total dollar amount of tax refund generated would…

Q: Does the concept of a progressive (and fair) tax system become undermined by the ability to tweak…

A: Progressive tax system The concept of progressive tax system is simple to collect more taxes from…

Q: How will the Filipino people benefit from the The Tax Reform for Acceleration and Inclusion Law

A: The Tax Reform for Acceleration and Inclusion Law is also known as TRAIN law. It is an initial tax…

Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.