Income

Income tax brings a total revenue of nearly $160 billion. It’s the largest source of revenue from tax with a percentage of 47.1% of total tax revenue is taken up by income tax. However questions must be asked about what if the income tax is changed. The three issues which follow this change are as follows: • Increasing income tax- effects on total revenue/ tax take • Decreasing the income tax- effect on fairness, equity and revenue • Tax mix- if income tax is increased/ decreased what needs to be

conceps , measurement of nation income Classical and Keynes approaches nATIONAL INCOM E: ----The t otal sum of goods and services produced by t he people of a count ry wit h t he help of capit als and national resources called Nat ional Income (Prof. Alfred Marshall) We can define Nat ional Income as t he collective achievement of a nat ion. In t his way, t he Nat ional Income is t he aggregat e of t he individual incomes. (Prof. Gardner Ackley) Nat ional Income is t he basic concept of economic

Implementing a universal basic income in Canada would give disadvantaged groups greater equality in society by giving them more power and freedom in their lives. Because of its unconditionally, it would create less pressure on women to remain in unpleasant or degrading jobs and allow them to pursue the career or lifestyle of their choosing. Basic income tends to have some political support across the ideological spectrum but, each ideology amends the context and design in which they determine it

Basic minimum income on the surface appears to be an innovative idea and a good way easy poverty, but the atrial raises a number of questions for me. The main question being, “is it sustainable.” The payment will be funded through “individual and foundation philanthropy” on a trial basis, so what happens when the money runs out? In the article, Mayor Michael Tubbs has an optimistic hope that recipients will invest the money by going back to school, volunteering, or becoming full time caregivers,

of wealth, a certain minimum cash income per month and replaces the current array of welfare programs (e.g., food stamps, Section 8, unemployment benefits, etc.). While the idea has existed since the middle of last century at least, it has attracted attention again recently by the Bernie Sanders campaign and by Elon Musk in the United States, and through a 2,000-person experiment in Finland, which has become the first country to pilot UBI. Supporters of basic income claim it will enable people to work

Universal Basic Income is the idea that all citizens should receive a certain amount of money from the government, with no regulations on spending attached.Universal basic income is favorable as a result of everyone gets their basic needs, for example, food, water, shelter, and clothing. In my opinion I think that the universal basic income should function considering that it’s a policy that’s been lauded by tech leaders from Mark Zuckerberg to Elon Musk as a proposed solution to job loss

| |IAS 12 INCOME TAXES | |HISTORY OF IAS 12 | |April 1978 |Exposure Draft E13 Accounting for Taxes on Income | |July 1979 |IAS 12 Accounting for Taxes on Income

several reasons. For example, let’s picture a company that was not able to operate profitably, the bottom line of the income statement will indicate a Net Loss. Thus, a banker, lender or creditor may be reluctant to extend additional credit to the company. While on the other hand, if a company operates profitably, the bottom line of the income statement will indicate a net profit or income, which demonstrates its ability to use borrowed and invested funds in a successful manner. A company’s ability to

universal basic income is awesome. It provides income from a source usually the government which is unconditional. Often times, employers do not pay their employees the amount that reflects the work ethic. This is money that is due to the workers. The advantages are that is would reduce poverty, trigger growth, and supports financial freedom. For example, a simplified payroll would just have a universal basic income composed of a flat tax fee. As it stands right now, the income gets taxed by the

Case 5-1 Income Smoothing a. Firstly, investors tend to invest in companies with stable earnings rather than one with volatile earnings. With stable earnings, there will be more likely an issuance of dividends and investors could easily predict the company’s future earnings compared to one with unstable earnings. With consistent earnings generated, it gives investors a secured feeling that it will again generate earnings as predicted. Confidence in the growth of rate of earnings is crucial because