Tax

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,…

the resulting effects of littering on the landscape. The effect of the product tax on the consumption of plastic bags was dramatic—a reduction of over 90% in the first year and the associated reduction of littering in rural landscapes (Convery et al., 2007). Costs of administration amounted to 3% of total revenues collected, partly because it was possible to integrate tax collection into the existing Value Added Tax reporting systems. In 2007, in response to a slippage in performance,…

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…

Jacob Van de Putte AP/Honors English 3 Researched Argument Essay 03/02/2015 The Flat Tax There are two things certain in life: death and taxes. They are both two inevitable things that will happen to everyone. But today we will not be discussing what happens after death but instead whether or not flat tax is a good idea. Flat tax is favored because it gets rid of double taxation. Double taxation is when corporations are considered their own entities. The corporation pays taxes on their earnings…

something, and tax is known as the amount charged for the support of the government. A Tax Inversion is an option or tool that allows a company financially to lower its tax liabilities by obtaining a legal foreign address. One of the highest corporate income tax rate is represented by the United States system. Many companies seek for effective ways to decrease their tax bills without break U.S laws. Obtaining a new legal address abroad, it is a current and favored strategy to lower corporate…

it does not know how much money taxpayers own in the Tax Havens. But, no country in this world can force other countries to change their regulations and laws, so the U.S. cannot ask another countries to change their laws to satisfy the U.S.. The effective way to limit the harmful effects is to ask other countries to share the information with the U.S. In May 2009; OECD removed Andorra, Liechtenstein and Monaco from the list of Uncooperative Tax Havens when these jurisdictions agreed to follow…

gains tax is that is levied on the income from capital gain (US Tax Reform Act of 1986). In America, those who benefit most from the rates of capital gain tax are the wealthy individuals (Seth Hanlon, 2011). According to Seth, these individuals receive this tax benefit due to fact that they are the ones that receive this type of income who earn high…

The Trump Administration's "Tax Overhaul" As Viewed by Analysts President Donald Trump will reportedly be calling for a significant increase in the standard deduction people can claim on their tax returns when he presents the outline of the tax-overhaul pitch before the Congress. Two people, who were briefed on the Trump administration "tax overhaul", said Trump's proposal will see thousands of dollars put into the pockets of American workers. Trump has flagged cutting tax rates for small…

Benefits of Increased Cigarette Tax With the increased politicization of the united states, there has been a renewed emphasis on discussions of taxes and public health. Americans have high demands on lowering taxes, but once it comes to taxes on cigarettes opinions vary. There have been many arguments when it comes to the tax on cigarettes stating that the tax would make the American economy suffer with lowering the demand on cigarettes due to the high prices, making the poor suffer due to use…

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…