ECON MACRO
5th Edition
ISBN: 9781337000529
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 18, Problem 1.2P
Sub-part
A
To determine
To Determine: the entry that will be recorded in balance of payments when a Hong Kong financier purchases some U.S corporate stock.
Sub-Part
B
To determine
To Determine: the entry that will be recorded in balance of payments when a U.S tourist in paris purchases some perfumes.
Sub-Part
C
To determine
To Determine: the entry that will be recorded in balance of payments when a Japanese company sells machinery to a pineapple company in Hawaii.
Sub-Part
D
To determine
To Determine: the entry that will be recorded in balance of payments when U.S framers gave food to the children in Ethiopia that were starving.
Sub-Part
E
To determine
To Determine: the entry that will be recorded in balance of payments when the U.S Treasury sells a bond to a Saudi Arabian prince.
Sub-Part
F
To determine
To Determine: the entry that will be recorded in balance of payments when a U.S tourist flies to France on Air France.
Sub-Part
G
To determine
To Determine: the entry that will be recorded in balance of payments when a U.S company sells insurance to a foreign firm.
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Discuss the preferred deterrent method employed by the Zambian government to combat tax evasion, monetary fines. As noted in the reading the potential penalty for corporate tax evasion is a fine of 52.5% of the amount evaded plus interest assessed at 5% annually along with a possibility of jail time. In general, monetary fines as a deterrent are preferred to blacklisting of company directors, revoking business operation licenses, or calling for prison sentences. Do you agree with this preference? Should companies that are guilty of tax evasion face something more severe than a monetary fine? Something less severe? Should the fine and interest amount be set at a different rate? If so at why? Provide support and rationale for your responses.
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Discuss the preferred deterrent method employed by the Zambian government to combat tax evasion, monetary fines. As noted in the reading the potential penalty for corporate tax evasion is a fine of 52.5% of the amount evaded plus interest assessed at 5% annually along with a possibility of jail time. In general, monetary fines as a deterrent are preferred to blacklisting of company directors, revoking business operation licenses, or calling for prison sentences. Do you agree with this preference? Should companies that are guilty of tax evasion face something more severe than a monetary fine? Something less severe? Should the fine and interest amount be set at a different rate? If so at why? Provide support and rationale for your responses.
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