Discuss problems regarding tax evasion in a country? What should be the solution that can be done by the government?
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- Discuss problems about “Income tax rate is too high” in a country? What solutions can be done to solve it?Explain the main differences between tax evasion and tax avoidance and list the main actions taken by governments to reduce/eliminate them?Can you give one example of tax avoidance and what its effect on the tax collection of the country?
- Explain why administrative and compliance costs of taxation is important regarding taxation? What are the specific measures that you are proposing to make a tax system simpler?a. Explain what is meant by general anti-avoidance rule. B). State what impact this could have on Jamaica's tax system if implemented.Which of the following is not an underlying objective of the income tax laws? A. Income tax laws enable the government to regulate the health of the economy. B. Income tax laws are designed to converge with U.S. GAAP rules. C. Income tax laws enable the government to assist certain members of society who are viewed as deserving help. D. Income tax laws are designed to raise money for the operation of the federal government.
- 1. If there is a conflict between a BIR Ruling and a Revenue Memorandum Ruling, which will prevail? 2.Which tax system impacts more on the rich people, and why does it impacts them more?Which among the type of taxes (national or local) do you think can be reduced, removed, or revised to the benefit of both the government and the common individual? Cite relevant sources such as previous research studies, taxation reform programs, and the like.The government should tax itself? Yes or no
- Explain what happens in a small open economy when the government changes the tax laws to encourage investment by providing an investment tax credit.It is about Hong Kong Tax Planning. What is dispensable income? And what is the calculation talking about?what is mean by Tax evasion and what reasons the people do this?