the alcopops tax is to correct for the negative externalities which abusers of alcopops impose on society. Using diagram(s) discuss how a tax on alcopops can correct for negative externalities associated with excessive consumption of alcopops. In a publication by University of Southern Queensland (2008)‚ it defines that ‘excise taxes are taxes imposed on sellers of certain goods and services‚ and they are usually substantially higher tan sales tax on regular goods’. Moreover‚ ‘tax incidence is
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Introduction The nation’s high unemployment rate is a result of a severe drop in demand for goods and services. It’s not a reflection of longer-term structural changes in the economy but rather cyclical changes in the economy. The demand for goods has been limited because of tight credit‚ decreases in government budgets‚ suppression of demand by consumers and foreign markets‚ and the inability by the fed lower interest rates. Even with the low level of interest rates the Fed is currently practicing a tight
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According to the World Health Organization‚ over one million people die by suicide every year. Furthermore‚ there are an estimated 10 to 20 million non-fatal attempted suicides every year worldwide. This phenomenon is even more compelling because‚ in many instances‚ suicides can be prevented. Policy makers in many countries have tried different preventive measures & engaged in joint projects to lower their suicide rates. Countries like China‚ Japan‚ Singapore‚ Australia & Pakistan have joined the project
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Progressive Income Tax Fairness The issue of federal income tax policy has been one of hot debate and controversy for many years. Discussions and arguments on the issue have been presented on the floors of Congress‚ in the United States Supreme Court‚ used by politicians as political platforms‚ broadcasted in televised debates‚ and discussed around the dinner table of American families of various socioeconomic backgrounds for years. The Federal Government of the United States of America‚ like any
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Sin Tax: Form Your Own Opinion Use complete sentences and save this form to KSpall’s folder on www.saveschoolwork.com. Lastname.Sintax.doc or write our your answers and turn in at end of period. Reference Websites: Use these websites and others you find on your own. http://micurl.com/dvEii (Sin Taxes in Chicago) http://micurl.com/jejjk (History of Sin Taxes) http://micurl.com/bnlzt (President Obama’s recent comments on taxing soda) http://nofoodtaxes.com (Americans Against Food Taxes)
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International Tax and Public Finance‚ 7‚ 177–194‚ 2000. c 2000 Kluwer Academic Publishers. Printed in The Netherlands. Decomposing Revenue Effects of Tax Evasion and Tax Structure Changes ARINDAM DAS-GUPTA* oldmonk87@yahoo.com Gokhale Institute of Politics and Economics‚ B MCC Road‚ Pune 411004‚ Maharashtra‚ India IRA N. GANG gang@economics.rutgers.edu Department of Economics‚ Rutgers University‚ New Brunswick‚ NJ 08901-1248 USA Abstract This paper proposes a method for evaluating the impact
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Deferred Tax Assets There are a few accounting differences between tax (IRS) accounting and US GAAP accounting. Some differences cause deferred tax asset which is a future tax benefit. For example‚ say a firm currently is offering a special onetime 2-year warranty when a customer purchases its product. The firm estimates that over a 2-year period it is likely to spend a total of $200‚000 in warranty repairs. The following presents the reported income for this 2-year period using US GAAP rules:
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Workbench Review Questions 3-10 p.71 3. Write assignment statements that perform the following operations with the variables a‚ b‚ and c. a. Adds 2 to a and stores the result in b Set b= 2 +a b. Multiplies b times 4 and stores the result in a set a= b*4 c. Divides a by 3.14 and stores the result in b set b= 3.14/b d. Subtracts 8 from b and stored the result in a set a= b-8 4. Assume the variables result‚ w‚x‚ y‚ and z are all integers‚ and that w= 5‚ x= 4‚ y=8 and z=2. What will the values
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Fisher Corporation The three options are as follows: Option 1: All cash deal financed by issuing 20-year 10% coupon bonds taxable in nature Option 2: Issuance of optionally convertible Weston stock paying dividend @ $ 2 per share Option 3: Stock for stock deal Under option1‚ the deal size of $58.50 mn values Fisher Corporation at $32.50 per share. The deal is taxable and a capital gains tax @ 28% is applicable on the same. From the shareholder point of view‚ the deal presents a good exit opportunity
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project’s estimated economic life is 5 years. RIC’s marketing vice-president believes that annual sales would be 30‚000 units if the units were priced at $3‚000 each. RIC expects no growth in unit sales‚ and it believes that the unit price will rise by 2 percent each year. c. The engineering department has reported that the project will require additional manufacturing space‚ and RIC currently has an option to purchase an existing building‚ at a cost of $10 million‚ which would meet this need. The
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