Excise

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    Question: What advantages might indirect taxes have over direct taxes? Answer: Indirect taxes are mostly taxes on spending, which is usually in the supply chain transferred to the consumer as part of the price of a product. As a result, the consumer ends up paying the tax by paying more for the good or service. Examples of indirect taxes could be VAT and a number of excise duties on alcohol, tobacco and oil. On the other hand, direct taxes are taxes levied directly on the income of an organization or individual. It is completely different to indirect taxes as it is just paid to one entity. Income tax, capital gains tax, inheritance tax and corporation tax are also categorized as direct tax. It is argued that high level of indirect tax may create…

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    Alcohol Excise Taxes

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    According to Community Guide rules of evidence, these results constitute strong evidence that raising alcohol excise taxes is an effective strategy for reducing excessive alcohol consumption and related harms. The impact of a potential tax increase is expected to be proportional to its magnitude and to be modified by such factors as disposable income and the demand elasticity for alcohol among various population groups. The reviewed studies provide consistent evidence that higher alcohol prices…

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    Nudge Research Paper

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    First off, what is a nudge you may ask? The idea behind a nudge is to give people a set of options that are designed to push them into making a certain choice. Behavioral economists call this choice architecture. A successful nudge revolves around providing a chosen default option so that when consumers don’t choose actively, the default choice is made on their behalf. A common nudge is to reframe opt-in/out defaults for programs that involve enrollment choices. Organ-donation programs in A…

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    Rentberry Case Study

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    Q1. ‘Excise’ and ‘GST’ are common taxes used in Australia. Do your own research and explain the difference between the two. Identify the source of information. Is the tax on unhealthy foods described in the article excise or GST? (2 mark) Excise tax is a commodity-based tax on goods with the purpose of reducing the level of consumption of a particular good. Tobacco, alcohol, fuel and petroleum goods is a prominent example of excise taxing. However, goods and services taxation (GST) is the…

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    The Whiskey Rebellion was an uprising of western Pennsylvanian farmers caused by the excise tax on American manufactured whiskey. Alexander Hamilton, the Secretary of the Treasury, proposed this tax to reduce the debt that the United States had acquired during the Revolutionary War. Hamilton also hoped to reduce the amount of alcohol people drank; in 1791 the average American adult consumed six gallons of hard liquor yearly. Western farmers were not able to sail their crops down the Mississippi…

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    Excise taxes started to be implemented on some of the organization for breaking the no substantial lobbying rule in 1987. This was due to the fact that congress concluded that the revocation of tax exemption for excessive lobbying was an ineffective deterrent in some cases. This was due to some charitable organization that raised money from tax deductible contributions under the 501 (c) (3) tax exemption for a substantial lobbing effort and then just ceased operation. The organizations were…

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    First is increasing tobacco excise. As stated by Ahsan and Wiyono (2007), any increase in excise duty of 10% would reduce consumption by 4% in developed countries and 8% in developing countries. Secondly, total ban of cigarette advertising. By implementing this policy, we will protect children and adolescents, which are the main target of cigarette manufacturers. The tobacco industries recognized that children and young people are an asset for their business sustainability. Therefore, the…

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    adverse impact on the financial condition or operations of the Group(Annual Financial Report,2016) Excise and Tax Originally the government used to tax tobacco products just like any other commodity, but this trend is slowly changing (Chaloupka & Warner., 2000). Governments realized that even though they were restricting their citizens from the consumption of tobacco by increasing the price of the commodity the product would still be utilized. Most governments have decided to cash in on the…

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    Tobacco Free Kids makes many points on how the federal excise tax on cigarettes is not just positively impacting the individual who chooses to decrease or cease their cigarette use, but also the government, health care costs, and the generated revenues. While this poses incentive to both sides, it is still shown that nearly all U.S. states have been hesitant or slow to adapt to the increase of this tax on cigarettes. According to the Campaign for Tobacco Free Kids, “because of federal and state…

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    Ssb Tax Debate

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    During 2011-2014, over one-third of adults in America were considered obese (Ogden, et al. 1). Politicians and tax researchers have come up with a plan to reduce the prevalence of obesity, by implementing an excise tax on items that contain added sugars. On average, added sugars add almost two-hundred kilocalories to a person’s diet, and added sugars provide no nutritional value (Brownell, et al. 1599). They have also been linked to type two diabetes and obesity, which is a reason sugary drinks…

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