Classification of taxes, Managerial Economics

Assignment Help:

CLASSIFICATION OF TAXES

Taxes can be classified on the basis of:

a.     Impact of the taxes

It means on whom the tax is imposed.   On the other hand, incidence of the tax refers to who had to bear the burden of the tax.  In this case the taxes may be:

  • Direct or
  • Indirect

b.     Rates of tax

The rate of tax is the percentage of the tax base to be taken in each situation.  In this case the taxes may be:

  • progressive or
  • proportional or
  • regressive or
  • digestive

Related Discussions:- Classification of taxes

Williamson model, williamson model and managerial discretion about its obje...

williamson model and managerial discretion about its objective and statement of problem

Underlying stock price, Financial engineering deals with the design of new ...

Financial engineering deals with the design of new assets. Draw the payoff (at t=1) of the following bull butterfly spread:     Purchase 1 call with exercise price a   Sell 2 ca

Illustrate fiscal monopoly, Q. Illustrate Fiscal Monopoly? Fiscal Mono...

Q. Illustrate Fiscal Monopoly? Fiscal Monopoly:   To stop exploitation of consumers andemployees, government nationalises many industries and obtains fiscal monopoly power ove

Structural unemployment, a)      In 1948, the money GNP was $520 billion an...

a)      In 1948, the money GNP was $520 billion and the price index was 120.  In order to   make the 1948 GNP comparable with the base year, the 1948 GNP must be adjusted    to:

Opportunity cost, Opportunity Cost This is the amount that is sacrifice...

Opportunity Cost This is the amount that is sacrificed when choosing one activity over the next-best alternative.  In organization, an example of opportunity cost is seen in th

Proportion of market supplied - determinants of demand, Q. Proportion of Ma...

Q. Proportion of Market Supplied - Determinants of Demand? Price elasticity of market demand moreover relies on the proportion of market supplied at the determined price. If le

How income level must remain constant - law of demand, How Income level mus...

How Income level must remain constant - law of demand The law of demand operates only when income level of the buyer remains constant. If income rises when the price of commod

Decision tree construction of a fast food outlet, construct a decision tree...

construct a decision tree for the baked potatoes outlet using sales per day, number of days that quantity is sold together with selling prices per unit and average costs

Explain price elasticity and total revenue, Q. Explain Price elasticity and...

Q. Explain Price elasticity and total revenue? Given the relationship between price elasticity and marginal revenue of demand in Eq. II, the decision-makers can simply know whe

Write Your Message!

Captcha
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