What is merits and demerits of direct tax?

Q: What is progressive tax? Write its merits and demerits.

A: A tax is described as one that the government imposes on citizens who participate in the economy in…

Q: What are cannons of taxation?

A: The administrative components of a tax are referred to as canons of taxation. They have to do with…

Q: Define progressive tax.

A: A tax refers to an amount imposed on the person, commodities or any other item to earn revenue for…

Q: What happens to a country's economy if there is a high tax for the company that earns more in that…

A: Taxes are the mandatory payments that has to he made to the government.

Q: What are some examples of goods subject to selective sales taxes?

A: Selective sales taxes are those taxes levied on specific goods and services, instead of on a broad…

Q: What is your understanding of Canada's tax structure and its importance in the society?

A: Taxation is a system of compulsory levies imposed by the government on individuals or entities to…

Q: Briefly explain what are direct tax

A: Taxes are categorised as direct and indirect tax based on who shares the final burde of the taxes…

Q: Explain three different types of taxes imposed in the United States including the reason for its…

A: Following are the three types of tax imposed in the United States: Progressive Regressive…

Q: What are the Average Tax Rates?

A: Average Tax rate is the sum of total taxes paid divided by total taxable income. Under the…

Q: Explain tax abatements and how are they different from tax expenditures?

A: It affects the application of a credit to the whole taxes owed. Though circumstances may change,…

Q: State and explain the principles of taxation that would be used in designing and implementing any…

A: A taxation regime plays an important role in the economic development and economic growth of a…

Q: Name three types of taxes and analyze the deadweight loss of each.

A: Taxes are the legal proceedings and the amount of money which is levied on the consumers, producers,…

Q: Critically examine the principles of taxation and point out the difficulties in their practical…

A: Taxation is an important part of government revenue. Without taxes it is not possible for a…

Q: How can the government improve tax collections without imposing much tax to the consumer?

A: When a taxing body, typically a government, levies or imposes a financial responsibility on its…

Q: Is it possible to be used partly for public purpose and partly private purpose without violating the…

A: When a taxing body, typically a government, levies or imposes a financial responsibility on its…

Q: It is known that Qd = 80-2P and Qs = -10 + P Question: a. Draw it in a graph! b. If the government…

A: Qd = 80-2P Qs = -10 + P

Q: Give a brief conclusion about taxation in Malaysia

A: Malaysia has progressive direct tax system.People with higher income are taxed higher and people…

Q: A head tax is a tax that collects the same amount from every tax payer, while in progressive taxes…

A: A head tax, also known as poll tax or capitation, levies a predetermined amount on every person who…

Q: he U.S tax system a progressive income tax. What is a progressive tax

A: Revenues are required to smoothly run the government. Government earn major parts of the revenue…

Q: Diffrentiate between direct tax and indirect tax

A: Tax is compulsory payments which is made to government, There is no direct quid pro quo. or taxpayer…

Q: What is the nature of Taxation?

A: Government and private sector balance the functioning of economy. With public and private sector,…

Q: why is the tax rate 6?

A: A pigouvian tax will be optimal when it is set equal to marginal social pollution cost at the…

Q: What is the equity principle behind benefit-based excise taxes?

A: A tax is a mandatory payment made by individuals and companies to the government based on some…

Q: What are the consequences of an increase in direct taxation?

A: Tax is the charge which is levied by the government. It is a source of government revenue which the…

Q: Write a paragraph that explains how the U.S. tax system has become less progressive since the 1950s.

A: In the last 50 years, the federal tax system of the US has undergone 3 main and powerful changes.…

Q: What are the four major types of taxes in India?

A: There are four major types of taxes in India.

Q: Explain how an increase in tax can reduce tax revenue of a government

A: Tax is the major source of revenue for the government. The major government spending is funded from…

Q: On what basis are taxes levied?

A: On the basis of levying of taxes, they can be classified into 3 categories:   Proportional Tax:…

Q: identify the various classification of income tax and explain briefly each.

A: An tax may be a tax imposed on people or elements (taxpayers) in regard of the income or benefits…