Goods and Services Tax

environments. The reason why the EU has endeavored to intervene with the production and consumption of tobacco has originated in one factor: negative externality. Negative externality can be defined as an adverse effect of production and consumption of goods or services, which imposes external costs on the third party outside of the market. The activity of producers and consumers may affect the economic welfare of bystanders with no corresponding appropriate compensation because most producers…

its business activities into selling software, jewelry, apparel, furniture, electronics, health and beauty goods, etc. The company has exclusive websites for US, Australia, United Kingdom,…

the higher the tax revenues are paid by both individual and corporates reduces investments’ rates and increases jobs. More money is invested into education and health care. This issue discussed is very important to our national grid. In my previous paper I elaborated the importance of taxation in infrastructure, public education and health care commonly for economic growth, however there…

Supply siders reason that if producers are taxed less, you have the capacity to produce more, hence swelling the supply of goods and services in the economy, resulting in lower prices. Furthermore, if investment income is taxed a lesser amount, investors will finance more capital in the methods of production, which will likewise increase the supply of goods and services and lower prices. Moreover, supply-siders maintain that government regulation hinders production and slows down the economy.…

employer. It aims at levying tax on the benefits that cannot be availed by the employee or an associate of employee but cannot be converted into cash. All the benefits that are provided are in respect of the employment of the employee. An employer can either be a former…

Good afternoon, Despite this being a debate, where we are meant to disagree, it seems to me that nearly everyone in the audience if not all, my fellow teammates beside me and the opposition on the other end of the stage can agree our National Health Service is going through a crisis. 85% of physicians believe that current health service funding is not sufficient to meet demand. And a large portion of that agrees that the Public Health Service may no longer be publicly available in a few years’…

Since GST (Good and Services Tax) has been available by government to implement it to the public, the reformation of GST seems to initiate a couple of issues. Those issues may include a political, or even economic aspect and many other issues. Yet today, there is a lot of argument, critics and fact about GST reform and its implications found in the Australian media. This essay will review some of the findings from the articles that are related to the GST reform and why GST holds a really…

The government of UK Imposed a tax on sugary drinks in order to Discourage the companies to reduce the amount of sugar they use in the drinks, reduce sugar consumption in the form of sugary drinks and subsidize sports in schools so that the people, especially children could be protected to get obese. The consumption of sugary drinks in the UK is a negative externality of consumption, which is defined as the consumption of any good which creates a cost for the third parties. In this case,…

organizations can show considerable advantages. It includes a variety of voluntary, philanthropic and charitable organizations, which constitute a significant portion of economic activity in the market economies, especially in the area of social services, the importance of which is growing. Project Match, which financing comes from the Illinois Department of Public Aid budget, is also a non-profit organization that represents a form of institutional hybrid that combines traits…

1. What is a progressive tax system? How does it differ from a regressive tax system? A progressive tax system makes the richer people pay more taxes than the people with less money, but in a regressive tax system, everyone pays the same amount no matter what their income rate is. 2. What is gross income? What types of income are included in gross income? Gross income is what you get when you combine all your sources of income together. When calculating your gross income, things you should…