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Explain the administrative efficiency of taxation with the inclusion of the tax avoidance, tax evasion, tax gap, tax morality. Further, discuss Flexibility
A modest restriction on capital gains exemption will preserve ordinary investors' interests while also increasing tax revenue. The existing tax deduction for housing loan interest of 1.5 lakh can be...
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Is Value added tax Considerd as a Proportional tax or as a regressive tax
Value-added tax is a regressive tax. Proceeding from the fact that the poor pay a higher share of their income in the form of VAT than the rich. This statement...
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4.1 A classmate of yours tells you that, the combination of inflation and a progressive income tax system tend to redistribute income in the economy.
Explain why this is true.
Under the conditions of actual inequality of incomes of economic entities, progressive tax system withdraws most of the high incomes and a smaller part of the low incomes and contributes...
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the revenue of the Zambia government is mostly from taxation. distinguish between direct and indirect taxes giving two examples of each
Tax refers to compulsory charges that are levied by the government to employee income, corporate profits, economic activities, or added to costs of some goods and services. It represents a...
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Why does combination of inflation and a progressive income tax system tend to redistribute income in the economy?
Higher progressive income tax will reduce disposable income and in turn reduce spending leading to a fall in aggregate demand.This will lead to a lower rate of inflation. Hence the...
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How does a progressive income tax system affect businesses in the US?
Answer to question #148763It can be defined as a system where the taxation rate increases as the taxable income increases and the opposite is true. Progressive tax impacts on business...
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The Indian government uses direct and indirect taxation. Which is a direct tax?
Direct tax is a type of taxation in which the taxation is imposed on the same entity. These are primarily income or wealth taxes. Direct taxes include income tax, corporate...
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If you are the owner of an IT firm, how would you design the Compensation and benefit packages (Direct, indirect, service and other benefits) for your employees?
Spine treatment and the opportunity to get glasses for free once a year. Have a gym close to the workplace and accessible to employees. Organization of courses for mastering new...
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Explain, using examples, the difference between cash flow statements prepared using the direct method versus the indirect method.
Changes in cash receipts and payments are calculated using the cash flow direct method and reported in the cash flow from operations section. To calculate implied cash flow, the indirect...
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b. Differentiate between the following by giving examples: i. regressive and progressive assimilation ii. linking and intrusive ‘r’
Regressive assimilation occurs when the preceding word is influenced by the following word. A great example is light bluethat is pronounced as /lait blu:/ and someone can rapidly pronounce it...
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