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

Limitations of uneven distribution of income and wealth, Limitations of Une...

Limitations of Uneven Distribution of Income and Wealth Unlike the historical experience of the now developed countries, the rich in contemporary Third World Countries are not

LIne balancing, what is line balancing for paper machine?

what is line balancing for paper machine?

Fall in supply - effect on equilibrium price, Fall in Supply When...

Fall in Supply When the supply falls, the supply curve shifts to the left to position S 1 S 1 .  At the initial equilibrium price P 1 , quantity supplied falls from q 1

What do you mean by kinked isoquant, Q. What do you mean by Kinked Isoquant...

Q. What do you mean by Kinked Isoquant? This isoquant presumes only limited substitutability of labour andcapital. There are just a few processes for generating any one commodi

Investment demand theory , In the national income analysis, investment ref...

In the national income analysis, investment refers to the value of than part of the aggregate output for any given time period which takes the form of construction of new structure

Interest rates, Interest rates Decreasing the rate of interest may...

Interest rates Decreasing the rate of interest may not encourage investment but increasing the interest rate tends to lock up liquidity in the financial system.

HHI, Suppose Fiat recently entered into an Agreement and Plan of Merger wit...

Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, the market for four-wheel- Drive tractors consisted of five firm

Recession, Causes of the Nigeria recession

Causes of the Nigeria recession

Economic situations or decisions, Imagine of these concepts (markets, elast...

Imagine of these concepts (markets, elasticity, production, costs, market structures).  Take one or two of those concepts and use it to examine and understand economic situations o

Price of cereal - cross price elasticity of demand, Suppose that the price ...

Suppose that the price elasticity of demand for cereal is -0.75 and the cross-price elasticity of demand between cereal and the price of milk is -0.9. If the price of milk rises by

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