Component of GDP affected by transaction.

Question

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.

Answer 1

Question

Chapter 23, Problem 1PA

Sub part (a):

To determine

Component of GDP affected by transaction.

Sub part (b):

To determine

Component of GDP affected by transaction.

Sub part (c):

To determine

Component of GDP affected by transaction.

Sub part (d):

To determine

Component of GDP affected by transaction.

Sub part (e):

To determine

Component of GDP affected by transaction.

Sub part (f):

To determine

Component of GDP affected by transaction.

Sub part (f):

To determine

Component of GDP affected by transaction.

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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.

answer

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.

Answer 2

Question

Chapter 23, Problem 1PA

Sub part (a):

To determine

Component of GDP affected by transaction.

Sub part (b):

To determine

Component of GDP affected by transaction.

Sub part (c):

To determine

Component of GDP affected by transaction.

Sub part (d):

To determine

Component of GDP affected by transaction.

Sub part (e):

To determine

Component of GDP affected by transaction.

Sub part (f):

To determine

Component of GDP affected by transaction.

Sub part (f):

To determine

Component of GDP affected by transaction.

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Answer 3

Question

Chapter 23, Problem 1PA

Sub part (a):

To determine

Component of GDP affected by transaction.

Sub part (b):

To determine

Component of GDP affected by transaction.

Sub part (c):

To determine

Component of GDP affected by transaction.

Sub part (d):

To determine

Component of GDP affected by transaction.

Sub part (e):

To determine

Component of GDP affected by transaction.

Sub part (f):

To determine

Component of GDP affected by transaction.

Sub part (f):

To determine

Component of GDP affected by transaction.

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Answer 4

Question

Chapter 23, Problem 1PA

Sub part (a):

To determine

Component of GDP affected by transaction.

Sub part (b):

To determine

Component of GDP affected by transaction.

Sub part (c):

To determine

Component of GDP affected by transaction.

Sub part (d):

To determine

Component of GDP affected by transaction.

Sub part (e):

To determine

Component of GDP affected by transaction.

Sub part (f):

To determine

Component of GDP affected by transaction.

Sub part (f):

To determine

Component of GDP affected by transaction.

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Answer 5

Chapter 23, Problem 1PA

Sub part (a):

To determine

Component of GDP affected by transaction.

Sub part (b):

To determine

Component of GDP affected by transaction.

Sub part (c):

To determine

Component of GDP affected by transaction.

Sub part (d):

To determine

Component of GDP affected by transaction.

Sub part (e):

To determine

Component of GDP affected by transaction.

Sub part (f):

To determine

Component of GDP affected by transaction.

Sub part (f):

To determine

Component of GDP affected by transaction.

Answer 6

Chapter 23, Problem 1PA

Sub part (a):

To determine

Component of GDP affected by transaction.

Answer 7

Chapter 23, Problem 1PA

Sub part (a):

To determine

Component of GDP affected by transaction.

Answer 8

Sub part (b):

To determine

Component of GDP affected by transaction.

Answer 9

Sub part (b):

To determine

Component of GDP affected by transaction.

Answer 10

Sub part (c):

To determine

Component of GDP affected by transaction.

Answer 11

Sub part (c):

To determine

Component of GDP affected by transaction.

Answer 12

Sub part (d):

To determine

Component of GDP affected by transaction.

Answer 13

Sub part (d):

To determine

Component of GDP affected by transaction.

Answer 14

Sub part (e):

To determine

Component of GDP affected by transaction.

Answer 15

Sub part (e):

To determine

Component of GDP affected by transaction.

Answer 16

Sub part (f):

To determine

Component of GDP affected by transaction.

Answer 17

Sub part (f):

To determine

Component of GDP affected by transaction.

Answer 18

Sub part (f):

To determine

Component of GDP affected by transaction.

Answer 19

Sub part (f):

To determine

Component of GDP affected by transaction.

Answer 20

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Answer 21

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Answer 31

Ch. 23.1 - Prob. 1QQ Ch. 23.2 - Prob. 2QQ Ch. 23.3 - Prob. 3QQ Ch. 23.4 - Prob. 4QQ Ch. 23.5 - Prob. 5QQ Ch. 23 - Prob. 1QR Ch. 23 - Prob. 2QR Ch. 23 - Prob. 3QR Ch. 23 - Prob. 4QR Ch. 23 - Prob. 5QR

Component of GDP affected by transaction.

Solution Summary: The author explains that the GDP is the summation of the monetary value of all the goods and services produced within the political boundary of a country.

Component of GDP affected by transaction.

Component of GDP affected by transaction.

Component of GDP affected by transaction.

Component of GDP affected by transaction.

Component of GDP affected by transaction.

Component of GDP affected by transaction.

Component of GDP affected by transaction.

Chapter 23 Solutions