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Give detail explanation of Credibility problem
There are indications that such credibility problem stems from a tension between the goal of encouraging innovation and investment in environment-friendly technologies on the one hand and distributional concerns on the other; environmental taxes are instrumental to inducing firms to undertake abatement-related investment; but it is also true that these taxes would produce unwanted distributional effects, which might be difficult for policy makers to offset through compensation. Then, once innovation has taken place, policymakers tend to reduce environmental taxes in order to minimize their distributional ill effects. Note that the emission taxes are the only available policy instrument, and produce adverse distributional effects. Thus, when setting emission taxes governments trade off efficiency and distributional objectives.
Explain passive personality principle passive personality principle states that jurisdiction may be exercised in respect of events occurring outside a State's own territory whe
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Holder or Other Holder in Due Course The holder of a bill of exchange who that does not come within the statutory definition of such a holder in due course holds that the bill
(a) In Malaysia, there are many sources of written and unwritten law. Discuss the sources of unwritten law. (b) What are the different methods used in interpretation of s
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i.Over the years a number of systems have been developed which record coded information across a range of factors about disabilities in ethnic communities. A new coding convention
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