Who bears the burden of the tax

Assignment Help Taxation
Reference no: EM131215249

Question 1 - Kuala Lumpur city is the least affordable place to rent in Malaysia. KL City Hall is looking at implementing rent (price) control to help tenants pay the rent. Use diagrams to illustrate and explain the impact of imposing the rent control on the price and quantity of rental housing. Link your discussion to a determinant of price elasticity of demand.

Question 2 - Suppose that Malaysia's domestic equilibrium price of rubber in the absence of trade is below the world price. Imagine now that trade is allowed. Should Malaysia be an importing or exporting country? Discuss what changes in welfare would occur due to free trade. Who the winners and losers are from flee trade? Illustrate your answer with an appropriate diagram.

Question 3 - The local government is considering a proposal to implement a bicycle tax to raise government revenue. In this situation, who should be taxed to raise more revenue - suppliers or buyers? Who bears the burden of the tax? Provide justification for your answer, and illustrate with an appropriate diagram(s).

Reference no: EM131215249

Questions Cloud

What is the relationship between communication and identity : What is the relationship between communication and identity? How do individuals form an identity, and what role does communication play in creating that identity? What challenges does identity pose when communicating across cultural boundaries?
Probability of drawing a two-pair : Given a standard 52 card deck, what is the probability of drawing a two-pair (and nota full-house) given by having 2 Jacks and 2 Aces if you draw a 5 card hand?
How will you influence people to strive willingly for group : Principles and Practices of Management. How will you influence people to strive willingly for group objectives in your organization (target based industry)? Apply your interpersonal influence through communication process towards attaining your speci..
Hypothesis and research hypothesis : Can you explain confidence intervals to me? Also, can you help me understand the difference between the null hypothesis and research hypothesis?
Who bears the burden of the tax : The local government is considering a proposal to implement a bicycle tax to raise government revenue. In this situation, who should be taxed to raise more revenue - suppliers or buyers? Who bears the burden of the tax
Standard deviation of the distribution : a. On a typical Saturday, how many cars does David expect to sell? b. What is the variance of the distribution? c. What is the standard deviation of the distribution?
Can this issue be settled by reference to a dictionary : He argues that carpenters, barbers, porters, and other groups who organize their work around a shared code of ethics should be recognized as professionals. Do you agree or disagree, and why? Can this issue be settled by reference to a dictionary?
Prepare an essay about koch brothers invesments : Prepare an essay about Koch Brothers invesments. What are that company's financial invesments? How do they make money before and now.
How can we explain this using the physics of energy : When the swing is first released it has mechanical energy. When it comes to rest, it has none. If the law of Conversation of Energy says that the energy of a system stays constant, how can we explain this using the physics of energy?

Reviews

Write a Review

Taxation Questions & Answers

  Shirley is an actress

Shirley is an actress. She has had various roles in Australian movies as well as guest appearances on many TV serials. During the current year, the following events occurred:

  Can jamel and jennifer claim abbi as a dependent

Abbi's husband files a separate tax return and reports a $250 tax liability on the return. Can Jamel and Jennifer claim Abbi as a dependent?

  Will redemption give dividend treatment

Corporation Z distributes in kind its long held Apple stock with an adjusted basis of $480 and a fair market value of $200 to shareholder C. Corporation Z also distributes Apple stock with an adjusted basis of $120 at a fair market value of $200 t..

  Determine the for the cowens 2015 tax year

Susan works as a retail manager and Rob is a self-employed electrician but does not maintain a home office - Determine the for the Cowen's 2015 tax year

  Calculate the companys taxable income

The three directors are paid $10,000 each. One of the directors has been ill for the whole year and his duties were performed by the other directors.

  What is her standard deduction

Cheryl is claimed as a dependent on her parents' tax return. She had a part-time job during 2012 and earned $4,900 during the year, which was her only income. What is her standard deduction?

  Compute sams taxable income

In 2014, Sam is single and rents an apartment for which he pays $800 per month and makes charitable contributions of $1,000. Sam's adjusted gross income is $47,000. Required: Compute his taxable income. Show all calculations.

  What are the basic requirements to exclude the gain

What are the basic requirements to exclude the gain on the sale of a personal residence? Cassie works in an office and has access to several professional color printers.

  Compare and contrast the following methods of cloning

log on to httplearn.genetics.utah.educontenttechcloning and explore this module to find the answers to the questions

  Prepare a depreciation table for straight-line depreciation

Prepare a depreciation table for straight-line depreciation. What method should Natalie use for tax purposes? Provide a justification for your choice. Is she required to use the same approach for financial reporting and tax reporting?

  Determine a corporations taxable income

Determine a corporations taxable income if it has $450,000 of gross receipts, $145,000 cost of goods sold, $276,000 of deductible business expenses, $20,000 of gain on the sale of machinery, and $500 of interest on State of New York bonds.

  How do two taxpayers determine who has priority to claim

How do two taxpayers determine who has priority to claim the dependency exemption for a qualifying child of both taxpayers when neither taxpayer is a parent of the child (assume the child does not qualify as a qualifying child of either parent)?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd