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- provide an assessment of the major requirements of the municipal budget and reporting regulationsIn 2020, the government of Brazil had a tax revenue of $70 million and the non tax revenue of $120 million Calculate the value of total tax revenueGiven the market value of indirect taxes are 630 and subsidies are 34 what will be the value of net indirect taxes?
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- ARTICLE: LUSAKA, Sept 27 (Reuters) - Zambia will not replace its value-added tax (VAT) with a non-refundable sales tax, Finance Minister Bwalya Ng'andu said on Friday, after the proposal met substantial opposition from businesses. "Government has decided to maintain the Value Added Tax, but address the compliance and administrative challenges," Ng'andu said in a budget speech. Zambia's mining industry fiercely opposes the tax - just one sore point between the government and the economy's most important sector. Based on your review of the article above, do you think that Zambia should replace the VAT tax with a national sales tax? Discuss the difficulties inherent in collecting the VAT tax compared to the simplicity of a sales tax. What are the pros and cons of each system?Question 3 When a tax is based on the difference between the market value of the taxpayer's assets and liabilities, it is called a difference tax. a wedge tax. a personal net worth tax.The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. REVENUES Personal income taxes Corporate income taxes Other income taxes. GST and excise taxes EI premiums Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS $95 36 5 47 13 17 Transfers to persons Spending grants to other levels of government Public debt charges Direct program spending Total Outlays Projected Budget Plan Surplus Other revenues Total Revenues 213 a. The projected NTR in this budget plan is $ b. The value of NTR less government spending on goods and services (G) is $ billion. billion. $42 36 31 100 209 4
- Question 21 An increase in real per capita GDP in an economy would __________ the average standard of living and would _________ life expectancy. raise; have little effect on raise; shorten raise; increase have no effect on; increase lower; shorten Question 22 An increase in _________ would lead to an increase in long-run economic growth. consumer spending and borrowing government taxes and fees resources and technology imports and exports prices and interest rates Question 23 Which of the following are the three major categories of resources? physical capital, technology, institutions land, labor, technology institutions, human capital, land natural resources, physical capital, human capital labor, physical capital, technologyAs it relates to the country KenyaIncome taxes are calculated based on gross income less certain allowabledeductions. They are also assessed on gains resulting from the disposal of property. What is a 10-word or less definition appropriate for a corporation, based on Wikipedia, for each of the following factors? a. Gross income. b. Expenses. c. Depreciation. d. Interest. e. Property (e.g., equipment) disposition.