Science topic

Taxes - Science topic

Governmental levies on property, inheritance, gifts, etc.
Questions related to Taxes
  • asked a question related to Taxes
Question
2 answers
FINAL TRUTH
This is the most important information for whole humanity irrespective of religion and also to atheists and agnostics ; let them read it with open mind and without religious bias.
1. Theories of relativity have been debunked and so the theory of Big Bang alongwith the concept of infinite universe, space-time concept, Dark Matter and Dark Energy, inflation and outcome of insanity of physics which prevailed after 1905, all because of pioneer Albert Einstein. The paradigm of physics which prevailed had the clear cut meaning that God/Allah does not exist. With this banner the physical sciences are doing insanity on the name of research as the result of which they make unimaginable stories about the celestial and terrestrial bodies and have not realised that universe is as if surrounded by mirror in all directions as the result of which they do not know the extent of the universe. The philosophy or wisdom says that there cannot anything which is infinite. But due to the so called genius Albert Einstein's they continued to do research of insanity.This all fundamentally incorrect aspects of physics have been identified and proved baseless and alternative theories proposed based on sane and flawless fundamentals. This all was done more than a decade before and an open challenge was put forward in 2012 to the adopted paradigm of physics which is still standing despite lapse of twelve years. A few physicists accepted the challenge but finally they failed miserably. All my publications are published in peer-reviewed journals and are available on General Science Journal, Natural Philosophers Database erstwhile World Science Database, viXra, ResearchGate, SlideShare and Academia.edu in my profile besides the peer-reviewed journal Indian journal of science and technology and Elixir International journal, main journal has the website address as www.indjst.org.
2. The existence of aether has been proved experimentally which resolves almost all problems which were there in the physical sciences.This inference I have drawn from the greatest of great books and final word of Allah the Quran, Sura/chapter 41 verse 53 (41-53) on which verse I have thought over for years and the concept of aether was conceived as the sign from Allah. The translation of the verse is "Soon will We show them our signs in space and their selves too so that they realise Quran is truth and Allah is aware and knower of all this."
Years of thinking, studying and investigations revealed the existence of aether in the space and so far as signs within themselves are considered I have written a book titled "Natural World Order and The Islamic Thought" wherein the signs in the humans are concerned besides therein all other related issues are thoroughly discussed. Now if all people of the world do not believe in the final word of Allah in the form of the book the Quran then they are blind, dumb, deaf and without the rational thought process of sanity and we are all already informed about them in Surat-ul- Bakara/chapter 2 verse 7 (2-7) which states "Allah has put seal on their hearts, ears and there is a veil on their eyes and they will not believe and for them their is severe punishment." The second edition of book mentioned above is under final stages wherein some short comings in the first edition are being rectified. Now we have to scientifically and philosophically study this metaphysical substance called 'energy' as introduced in my philosophy paper titled 'Theory of Origin and Phenomenon of Life' which is published in peer-reviewed journal namely Indian journal of science and technology with website address as given above.
3.Forces of nature have been identified as electromagnetic forces which need be thoroughly further studied in true perspective. I did have the clue about this from Quran and are described in book named above. It for the world to decide whether they should adopt the truth or falsehood. As educated, civilized, knowledgeable and truth loving people of the world should demand the adoption of truth.
4. As for centuries humans had the quest for the truth which evaded humanity though we Muslims had the treasure of wisdom with us in the form of Quran but we indulged in trivial issues and corrupted Islam by introducing sectarianism though it was mentioned in Quran to read and ponder on this book. Our concern had been consciousness, natural instincts, desire to survive, capability of self repair if cells or organs when damaged or effected, growth and mechanism of our senses and above all morality and conscience. Most of clues are in the form of allegories that is why I call Quran the easiest and most difficult and living book which will reveal itself with time. The most of unknown above phenomena are due to the metaphysical substance which I have given the name of 'energy'. It just couldn't have been other way round because forces of nature could not explain these characteristics of the life forms. I am feeling proud of being a Muslim and having been in a position to derive these facts from the greatest help by the almighty in the greatest book of all books named Quran. This is the final proof of divinity, existence of God/Allah and Quran being the final book of Allah/God. Now let me disclose the exact chapter of Quran from which I have drawn the inference. It is the shortest chapters or Sura of Quran by the name of Surat-ul-Al Kawther which is Sura number 108 having just three verses which means "We have bestowed you something having abundance (of properties and characteristics)so turn to Allah for prayer and sacrifice (I presume Allah by sacrifice here means that since the substance has property of carrying instincts as such we should sacrifice the instigations for doing evil deeds) for the hater (the instincts instigating you to do evil) will be cut off (in the hereafter). In so far as this 'energy' is concerned I have proposed a "theory of origin and phenomenon of life" as mentioned hereunder.
5.Since now we should be rationally and scientifically convinced about existence of Allah/God and finality of the word of Allah the 'Quran' and consider every cell of human being as the evidence of existence of Allah/God because the very cells are living because of the metaphysical substance named as 'energy' which has been created by Allah as the source of life in all the life forms. According to Quran (as mentioned in several verses) that all prophets and messengers have been, including our final Prophet and Messenger Mohammad (peace and blessings
be upon him), have been sent just to only give good news and warn all the humans irrespective of religion whereas the latter has been also informed with the word 'ila' which means only. The most important basis of theism is that humans are born with the innate knowledge of existence of Allah as mentioned in Surah-Al-Ahraf verse 172 (7-172), as also concluded by the philosopher Descartes, and innate knowledge of what is right and what is wrong; we call it conscience in hundreds of verses but it is clearly mentioned in Surat-ul-Shamus verse 8 (91-8) " you get the inspiration of right and wong". Other two important informations has been send by Allah through prophets and messengers and the good news is the eternity of soul which contains the human ego, the 'I' within the humans, and warning is that every human will be questioned by Allah on the day of judgement about the actions of lifetime keeping in view the conscience which Allah has placed in the humans.
With the knowledge of four things every human is self sufficient and free to do whatever he wants to do.
6.Last but not the least the meaning of the word Islam is peace as the other meaning of living according the will of Allah is philosophical meaning which needs explanation as the will of Allah is to do good as the inspiration of which Allah has placed in souls of all the human beings as the innate knowledge of right and wrong.
For peaceful living we have to have a system of governance wherein the true Islam could be practiced, though stated allegorically but also stated clearly in detail so far as certain aspects but there is clear guidance as to what is to be done and all the philosophy where human intellect can not decide and also the philosophy of taxation, law and economics. Prophet Mohammad (peace and blessings be upon him) as an embodiment of wisdom deemed it to fit to adopt Khilafat which is the same as monarchy as defined by Plato. Unfortunately Khilafat is missing since last 1400 years and all sources of Hadith are conspicuous by the absence of anything about the Khilafat. The Khilafat is conceived in the above mentioned book as the only system under which peace and justice can prevail. Bearing in mind that there are people having other religions monarchy/Khilafat has been conceived not on basis of Quran but on the basis of rationality, human psychology, political philosophy, human history and experience for present socio-political conditions under which peace and justice can prevail. Then in later chapters it has been shown that this is the system prescribed in Quran which Prophet Mohammad (peace and blessings be upon him) established in best possible manner. The system of governance also was conveyed allegorically. This book is available free on SlideShare.
Regards for all.
Mohammad Shafiq Khan
All who receive this have to bear witness to Allah that I have conveyed the message to the best of my ability which has been given to us by Prophet Mohammad (pbuh) for the humanity as the whole. Those who will accept the truth , their all past sins will be forgiven, they be pure and they are requested to pray for me to Allah as I too have committed sins.
Relevant answer
Answer
All members of ResearchGate
Please read my question and answer it.
  • asked a question related to Taxes
Question
1 answer
Relevant answer
Answer
"Far left countries are more likely to have heavily related social and fiscal issues. Far right countries are more likely to have heavily related social and fiscal issues." ????
  • asked a question related to Taxes
Question
2 answers
This question seeks to explore how increasing taxes on tobacco products impacts youth smoking habits. It examines whether higher prices deter young people from starting or continuing to smoke and whether taxation effectively reduces overall tobacco use among this age group. It also considers if youth turn to cheaper or illicit alternatives in response to tax increases.
Relevant answer
Answer
Progressive taxation raises tobacco costs, discouraging new users, especially young ones, from starting smoking. High prices prevent addiction in adolescents and reduce smoking among existing smokers, leading to reduced usage or even quitting altogether.
  • asked a question related to Taxes
Question
1 answer
considering these Key implications include:
i. Compromise in Fiscal Priorities:
ii. Revisions to Taxation and Revenue Generation:
iii. Debt Management and Borrowing:
Relevant answer
Answer
The Impact of Fiscal Policy
Fiscal policy plays a crucial role in shaping economic outcomes, and its impact can be understood through several key implications:
i. Compromise in Fiscal Priorities:
Fiscal policy often involves trade-offs among competing priorities, such as social welfare programs, infrastructure spending, and public investment. Policymakers must navigate these compromises carefully, balancing immediate needs with long-term goals. For instance, during economic downturns, governments may prioritize stimulus spending to boost demand, which could delay investment in essential services or infrastructure. This compromise can lead to long-term structural issues if not managed prudently.
ii. Revisions to Taxation and Revenue Generation:
Changes in fiscal policy frequently involve alterations to tax structures and revenue generation mechanisms. For example, increases in tax rates can be implemented to fund public services but may also dampen consumer spending and investment. Conversely, tax cuts can stimulate economic growth but may lead to budget deficits if not accompanied by corresponding spending reductions. The effectiveness of these changes often hinges on the broader economic context and the responsiveness of various sectors to taxation adjustments.
iii. Debt Management and Borrowing:
Fiscal policy significantly influences a country's debt management strategies. Increased government borrowing can provide necessary funds for stimulus during recessions, but it raises concerns about sustainability and future interest payments. A carefully designed fiscal policy should address the balance between promoting economic growth and maintaining fiscal discipline. Policymakers must consider the long-term implications of high debt levels on economic stability and growth potential.
  • asked a question related to Taxes
Question
7 answers
Should the industry that produces negative externalities with impacts on the environment and health pay specific taxes with revenue linked to the mitigation of these negative externalities?
Relevant answer
Answer
Yes, companies should be economically responsible for the negative environmental and health impacts of their activities. For instance, pollution from factories can cause health problems and environmental damage. Making companies pay for these externalities incentivizes them to reduce harm and adopt cleaner practices. In the US, pollution costs an estimated $2.9 trillion annually in health-related expenses.
  • asked a question related to Taxes
Question
2 answers
Is it possible to achieve socialist welfare state to ensure fair distribution of wealth and job/business opportunity for majority of employable population in country ( >85%)?
Can Medium and small sector fill his role?
Do you have any modal in mind or by experience that can ensure equitable development of all sectors and status level instead creating distribution deficiencies of commodities and state provided services and preventing concentration of wealth
Does taxation policies play a significant role in all economies of world?
How can we achieve per capita income growth rate more than inflation rate and interest rates
Relevant answer
Answer
Socio-economic systems defined as capitalism and the socialist welfare state in pure model form exist only in textbooks, in theory. In practice, countries have variants of several globally dominant models of socio-economic systems. An analysis of the history of the world's socio-economic development shows that attempts to build a socialist welfare state with a view to ensuring equitable distribution of wealth and employment opportunities for all able-bodied citizens and thus create prosperity have been made many times. Unfortunately, such economic experiments have always failed, because the socioeconomic systems created in this way were much less economically efficient relative to systems based primarily on market structures, the market economy model, private ownership of productive factors, etc. The model of a socialist or communist economy, in which there is equality in income distribution, state ownership of productive factors, central planning of key economic investments and business ventures carried out by state-owned companies and enterprises, full employment of citizens, etc., is a beautiful but not realistic ideal. On the other hand, also the ideal model of a market economy in its pure form, in which the state, according to Adam Smith, a leading precursor of the classical economics trend, plays the role of night watchman in the economy also unfortunately does not exist anywhere in reality. In fact, there are various variants of mixed economies, which in the situation of highly developed countries are sometimes referred to as social market economies, i.e. economies in which market structures dominate, private ownership of most of the factors of production, i.e. forms, enterprises and other types of economic entities, most of the goods produced are created in commercially functioning economic entities operating in various markets differentiated by, among other things, the level of competition and generating the bulk of the Gross Domestic Product, etc. On the other hand, economies operating under the model of social market economies also have public sectors whose activities are financed by the state's public finance system. The public sector provides public goods for citizens, provides financial security at a certain level within the framework of social policy and within the framework of the participatory pension system. Within the sphere of public goods, the state also provides citizens with a certain minimum of educational security, health services, internal law enforcement, disaster services, the military, etc. In mixed economies, some companies and enterprises and financial institutions operating in strategic sectors of the economy may have the state as a majority shareholder. Besides, in realistically functioning mixed economies, the governments of the countries conduct economic policies and, on a larger or smaller scale, apply anti-crisis and/or pro-development state interventionism in an attempt to influence the economic processes taking place in a certain way, for certain purposes, and thus try to influence the pace and specifics of the country's economic development. The basic instruments of influence on economic processes that are applied by the government operate within the framework of social policy, fiscal policy, budget policy, sectoral policy, such as housing policy, agricultural policy, energy policy, environmental policy, innovation policy, etc., and monetary policy. However, the applied instruments of state interventionism do not always work as planned in advance. When a deep economic crisis develops, unemployment rises strongly, consumption, investment, production levels fall, economic growth slows down, tax revenues to the state budget fall, then the debt level of the state's public finance system usually rises. In many countries after the global financial crisis of 2008 and the pandemic economic crisis of 2020, the level of budget deficit and public debt in many countries has increased significantly. As a result, the government in order to balance the situation in the public finance system of countries is forced to reduce spending and/or raise taxes. During the pandemic economic crisis of 2020 in some highly developed countries, a large amount of a kind of anti-crisis printed money was intervened into the economy without being covered by emerging products. At the expense of limiting the scale of the rise in unemployment in this way, high inflation was generated, which began to rise as early as 2021. Subsequently, central banks also intervened anti-inflationarily by raising interest rates, which increased the cost of money borrowed from commercial banks in the form of bank loans and financial paracredit instruments used by companies to make investments in their business activities. More expensive and harder-to-access credit caused a decline in investment levels, a drop in the rate of economic growth and another wave of downturn in the context of multi-year business cycles. In view of the above, it has often been the case that the specific tools of socio-economic, fiscal, sectoral, etc., and monetary policies applied under state interventionism can produce undesirable secondary effects, which, if they get out of control in their development, lead to the occurrence of another economic crisis. Thus, it is not only the specific model of the socio-economic system that provides citizens with economic well-being, good living situation, financial, property, housing, etc. An important role in this matter is played by the quality of the socio-economic policy pursued, which is more or less tailored to a certain economic situation, developed to a certain extent particular sectors and industries z in the economy, is tailored to a certain sector-industry structure found in a certain national economy, a certain model of a commercially functioning financial system, a certain share of commercially operating sectors and public sectors, and so on. Countries where economic experiments of trying to create a welfare economy under the model of a centrally planned socialist or communist economy are still in operation are relatively few in number, as they are much less economically efficient compared to social market economies. On the other hand, there is no realistically existing ideal model of a social market economy, which should always ensure the welfare of citizens. In recent years, the importance of sustainability, the realization of sustainable development goals, conducting business in accordance with business ethics and corporate social responsibility, realizing the green transformation of the economy, increasing the importance of pro-climate, pro-environmental and pro-environmental policies has been growing. Accordingly, currently developing economies operating mainly under the model of social market economies are becoming more and more sustainable social market economies, in which the importance of sustainability, zero-emission, greenness, climate protection, environmental protection and biodiversity of natural ecosystems is growing, because the livelihood of citizens also depends on this, and in the future, due to the continuing process of global warming, the livelihood of people in general will perhaps depend on this. I am researching this issue. I have posted the results of my research in some articles and monograph chapters, which are available on my profile of this Research Gate portal.
Best regards,
Dariusz Prokopowicz
The above text is entirely my own work written by me on the basis of my research.
In writing this text I did not use other sources or automatic text generation systems.
Copyright by Dariusz Prokopowicz
  • asked a question related to Taxes
Question
6 answers
Can the issue of the efficiency of a tax system correlate significantly with the issue of a socially just tax system?
How can a tax system that operates efficiently and generates high revenues for the state budget correlate with a situation in which it is described as socially just?
Among the important issues of the efficiency of the tax system's operation is the specific structure of the introduced various direct taxes, including mainly income and property taxes, and indirect taxes, including mainly VAT, excise taxes and tributes related to the import of certain products or services, customs duties and so on. In addition to this, the effectiveness of the tax system, which is determined by the level of tax revenues that feed the system of state public finances, i.e. revenues to the central state budget and revenues to the budgets of local government units, municipalities is the issue of the so-called tightness of the fiscal system, the effectiveness of the institution of the tax office and customs and fiscal control, the efficiency of the procedures for serving taxpayers' citizens by the institution of the tax office, the level of developed remote service to citizens via the Internet, the scale of digitization of the institutions of the tax system, etc. These issues determine the level of the emerging shadow economy, in which some citizens, entrepreneurs do not register their business activities in order to thus avoid the tax system, not to pay taxes. In many countries, receipts to the central state budget and to the local budgets of local government units account for most of the total financial receipts that feed the state's public finance system with money, which is then used by the government and local government authorities to provide citizens with public services and public goods. A larger scale of tax revenues means more money at the state's disposal and higher-quality provision of public services and/or more investment, which also produces durable economic goods within the framework of public goods. Accordingly, the Ministry of Finance should strive to improve procedures, legal norms, organizational systems, etc., so that the institutions of the tax system operate as efficiently as possible and so that as much tax money as possible enters the state's public finance system. However, this does not mean the need for frequent changes in the normatives of the law, frequent changes in the tax system, changes in the structure of taxes, changes in tax scales, their level determined for particular types of taxes imposed on certain types of economic entities. Citizens and entrepreneurs are unlikely to prefer frequently changing regulations of the tax system, tax law, tax accounting methods, etc. Frequent changes are burdensome for citizens and business entities. On the other hand, the technological advances taking place, the emerging new ICT and Industry 4.0/5.0 technologies are being implemented into information systems for remote data transfer and tax settlements carried out online. Such processes of digitization and Internetization of fiscal system institutions have been developing for many years. During the Covid-19 pandemic, the aforementioned digitization and internetization processes accelerated in some countries. At times, the digitization and Internetization of tax system institutions and information systems that enable remote transfer of tax data and online accounting also make it possible to increase the sealing of the tax system and reduce the level of the shadow economy. On the other hand, the increase in the scale of digitization and Internetization of the tax system, i.e. the increase in the scale of remote transfer of tax data and online tax settlement, also increases the risk of cyber-attacks on online tax settlement platforms. For several years now, cybercriminals have been constantly creating new cybercrime techniques, new types of viruses, including, for example, ransomware viruses spread in fake e-mails imitating the e-mail correspondence of tax authority institutions, new phishing techniques, etc. with the aim of stealing money or extorting ransom payments from a company successfully attacked by cybercriminals. In this regard, it is also necessary to increase spending on the permanent improvement of the information systems of tax system institutions. In terms of the generic structure of taxes, the tax scales applied, the level of tax assessments established against certain types of economic entities, it is the state's over-maximization of these issues that can lead to an increase in the shadow economy. According to the Philips curve, once a certain high level of established tax levels is exceeded, tax revenues, rather than increasing, will decrease due to an increase in the scale of the shadow economy. In such a situation, the tax system does not work efficiently. In addition, tax receipts feeding into the state's public finance system from year to year can change significantly regardless of the tax system itself, i.e. even when nothing is changed in this system. The reason for such changes in the level of tax revenues to the state budget is the issue of cyclicality of economic processes on a multi-year scale, the occurrence of business cycles, within which there can be significant differences in the rate of economic growth, the level of activity of economic processes, the economic activity of companies and enterprises, the level of entrepreneurship, and so on. On a multi-year scale, cyclical changes in the rate of economic growth are usually strongly correlated with changes in the level of entrepreneurship, production, offering of services, income, investment, spending, consumption, savings and also the situation in labor markets, i.e. the level of employment and unemployment. As some sectors of the economy are particularly cyclical, i.e. changes in the level of economic activity of companies and enterprises of a particular sector or branch of the economy are strongly correlated with changes in the rate of economic growth of the economy as a whole, so how the generic structure of taxes with which the aforementioned economic entities are burdened is designed is also important in determining cyclical changes in the level of tax revenues to the state's public finance system derived from changes in the rate of economic growth, changes in the level of Gross Domestic Product, multi-year business cycles. However, in the situation of taking into account all of the above-mentioned factors when designing certain new taxes and/or improving the tax system, i.e. in the situation of striving to create a financially efficient fiscal system, considerations also arise on the issue of social justice relating to the tax system. These considerations often include the search for possible correlations between the efficiency of the tax system and something that could be described as a socially just tax system. In my opinion, the question of the efficiency of the tax system can correlate to a significant degree with the question of a socially just tax system. However, this correlation need not always occur and not always in the same scale and dependence. The question of the scale and dependence of this correlation is determined by what is considered social justice in relation to the tax system, how a socially just tax system can be defined, and whether such social issues are taken into account at all when reconstructing the tax system.
In view of the above, I address the following question to the esteemed community of scientists and researchers:
How can a tax system that works efficiently and generates high revenues for the state budget correlate with a situation in which it is described as socially just?
Can the issue of an efficiently operating tax system correlate to a significant degree with the issue of a socially just tax system?
Can an efficiently operating tax system also be a socially just system?
I have researched and described specific economic and social aspects relating to the tax system in the following article on the plan to introduce a banking tax in Poland:
CONDITIONS FOR INTRODUCING A BANKING TAX IN POLAND
What do you think about this topic?
What is your opinion on this issue?
Please answer,
I invite everyone to join the discussion,
Thank you very much,
Best wishes,
Dariusz Prokopowicz
The above text is entirely my own work written by me on the basis of my research.
In writing this text, I did not use other sources or automatic text generation systems.
Copyright by Dariusz Prokopowicz
Relevant answer
Answer
An efficiently operating tax system can contribute to social justice by ensuring that the burden of taxation is distributed fairly and supports essential public services. However, achieving social justice requires more than just efficiency; it also involves considering factors like equity, progressive taxation, and addressing inequalities. So while efficiency is important, it's not the sole determinant of a socially just tax system.
  • asked a question related to Taxes
Question
1 answer
I am doing a Case study on the impacts of tax on Multinational companies
Relevant answer
Answer
General tax framework for multinational corporations in PNG includes:
1. Corporate Income Tax
Standard corporate income tax rate in PNG is 30%. For companies involved in petroleum and gas projects, the rate can be higher, reflecting the significant profits these resources can generate.
2. Goods and Services Tax (GST): A GST of 10% is levied on most goods and services in Papua New Guinea.
3. Additional Profits Tax: Companies, especially in the mining and petroleum sectors, may be subject to additional profits taxes, which are designed to capture greater economic rent when profits are high.
4. Withholding Taxes: Dividends, interest, and royalties paid to non-residents are subject to withholding taxes, the rates of which vary depending on the type of income and the recipient's country of residence, particularly if there is a tax treaty in place.
5. Resource-related Charges: Companies in the extractive industries may also face various royalties, levies, and other charges specific to the sector.
6. Customs Duties: Import duties on various goods can also affect multinational companies, especially those that rely heavily on imported materials.
  • asked a question related to Taxes
Question
3 answers
Every country is applying different types of taxes with the context of the country, though the tax types that applied by government & states are still debating with their rationality, rate or percentage levied to employees, problem of double taxation, subjectivity in tax-holiday or exemption, … etc, the consequences became a devastating problem to poor nations and to those categorized under low & middle income groups. For instance, the employment tax rate or income tax that applies to some developing countries employees and collected by the government would be considered as a huge cost for individual tax payer as it affects seriously on daily spending and led to inability to make a personal saving. Reconsidering this type of tax in one side will be important in order to bridge the gap between the rich & poor people, however on the other side applying certain type of taxes; like, Tax on Luxury Goods or Items that shall be levied on using those luxury items will also have a valuable contribution in society welfare.
In this regard, different countries already applied such type of taxes to overcome some challenges or problems, we can refer these links:
To my view, the luxury goods tax will not have a direct connotation with excise taxes as it will apply in using such luxury goods; like, expensive or luxury cars, houses, jewelry, personal jet, … etc, and would not be levied on sale or importation of such items.
For instance, in Ethiopia context many people are owning and using expensive or luxury items; like car or houses whereas a large percentage of the population are still struggling to get daily bread, living in house less condition that indicates to live in poverty line and some can be categorized in middle income group. These became common in most poor countries and least developed countries (LDC),
To make more real, for example if you need to buy VW new brand car, Toyota, Nissan, Mercedes, BMW, V8, or other expensive cars you should spend a minimum of 4 Million Ethiopian Birr (approximately $69,000), or owning & using luxury house at least you spend 30 Million Ethiopian Birr (approximately $517,242 at prevailing exchange rate).
If we set an annual tax rate of 10% on using of such car & 20% tax rate on using a house, it will have a great contribution to a country if government takes responsibility to adapt fair income distribution and bridge income gaps so that it may use as a subsidy to poor nations. These can be just an indication; however different measures can be applied to overcome the daunting challenges; especially in LDC countries, otherwise the income gap becomes more broaden and people are suffering in their life.
Any views welcome for the concern of poor nations & developed countries scholars expertise are also valuable.
Relevant answer
Answer
Good insights, more experts views?
  • asked a question related to Taxes
Question
3 answers
I have sugguted increasing of amount sopporing and regolating for resaerch activities in state budget to face lacking of financial resourses, as a method to improve bussinus invironment that increse taxation revenues. Then its required to know precisely, how much taxation revenues will coming per 1 million supporting?
If you are sugguting any method can does that? please let me know.
Kinldly Regarding.
Relevant answer
Answer
Multivariate discriminant models can be employed to assess various levels of multiple financing constraints. Empirical models can then be established to examine the non-linear correlation between financing constraints and investment in research and development.
  • asked a question related to Taxes
Question
2 answers
How should a progressive carbon tax be introduced, which should be fairly charged to, among other things, individual economic entities, taking into account the level of carbon intensity?
How should societies be fairly taxed by determining the amount of carbon tax on the CO2 and other greenhouse gas emissions generated, i.e., introduce a progressive carbon tax, which should be fairly charged to communities, citizens, economic entities, corporations, including, above all, fossil fuel extraction companies and energy companies that generate energy from the combustion of fossil fuels, taking into account the level of carbon intensity?
Statistics presenting both the growing scale of income disparity (both internationally, nationally, socially) and on the impact of the scale of consumption on the level of greenhouse gas emissions, the negative impact on the climate, the environment, the state of the biosphere, biodiversity present a tragic picture of the state of the planet that we will leave for future generations of citizens. The top 1 percent of the richest emitted as much CO2 in 2016 as the 6 billion poorer and poorest people. Large, financially rich industrial corporations, especially large companies operating in the sector of extraction and processing of fossil fuels, and energy companies that generate energy based on the combustion of these minerals, through lobbying in the political sphere, receive financial subsidies or other forms of financial support so that they have the greatest opportunity to implement investments that could change the energy industry according to the needs of society. Unfortunately, still most of these investment processes are concerned with maintaining the status quo of dirty combustion energy instead of real involvement of these companies in the processes of green energy transformation, including the development of renewable and emission-free energy sources on a scale that is already possible but is not being undertaken. One of the solutions that could significantly change this state of affairs, which has been in operation for many decades, could be the introduction of a carbon tax specifically introduced for this purpose, i.e. a tax the size of which is correlated with the level of CO2 and greenhouse gas emissions, as well as with the level of investment opportunities of different types of business entities, including large corporations, which usually have the highest such opportunities. On the other hand, the level of income of the richest few, including the owners of the aforementioned large industrial corporations, is linked to the level of greenhouse gas emissivity. In this regard, one of the solutions that can improve the implementation of the green transformation of the economy may be the introduction of a progressive carbon tax (progressive carbon tax), the size of which will be linked to the level of emissivity and income correlated with emissivity. This type of income tax can be directly applied to individual entities, citizens, and in an appropriately adjusted formula to business entities, including the aforementioned large industrial corporations. The funds raised by the state from this tax should be used exclusively for the implementation of projects fully in line with the green transformation of the economy. With regard to economic entities, additional introduction of a system of tax credits for amounts allocated to the implementation of green investments consistent with the implementation of sustainable development goals, pro-environmental, pro-climate, pro-environmental policy objectives, including, first and foremost, taking into account the issue of protecting the climate, biosphere and biodiversity of the planet's natural ecosystems, could be considered.
In view of the above, I address the following question to the esteemed community of scientists and researchers:
How should societies be fairly taxed by determining the amount of carbon tax on the generated emissions of CO2 and other greenhouse gases, i.e., introduce a progressive carbon tax, which should be fairly charged to communities, citizens, economic entities, corporations, including, first and foremost, companies in the fossil fuel extraction sector and energy companies that generate energy from the combustion of fossil fuels, taking into account the level of emissions?
How should a progressive carbon tax be implemented, which should be fairly charged to individual economic entities, among others, taking into account the level of carbon intensity?
And what is your opinion on this topic?
What is your opinion on this issue?
Please answer,
I invite everyone to join the discussion,
Thank you very much,
Best regards,
Dariusz Prokopowicz
The above text is entirely my own work written by me on the basis of my research.
In writing this text I did not use other sources or automatic text generation systems.
Copyright by Dariusz Prokopowicz
Relevant answer
Answer
Dear friend Dariusz Prokopowicz
Thanks for starting this topic. Let us start rolling this ball.
Now, let's dive into the profound matter of progressive carbon taxation, as I would.
1. **Emissions Correlation:** A progressive carbon tax should be directly linked to the level of emissions. The tax rates could increase with higher emission levels, creating a clear incentive for individuals and entities to reduce their carbon footprint.
2. **Incorporating Carbon Intensity:** Recognizing carbon intensity is crucial. Different industries have varying levels of carbon intensity. The tax structure could consider not only the total emissions but also the intensity per unit of production. This ensures fairness across diverse sectors.
3. **Addressing Income Disparities:** To avoid placing undue burden on lower-income individuals, the tax system should be designed progressively. This means higher-income individuals or entities with higher emissions pay proportionally more.
4. **Investment in Green Initiatives:** Revenue generated from the carbon tax should be dedicated to green projects. This can include funding research in sustainable technologies, promoting green energy, and supporting initiatives aimed at reducing overall emissions.
5. **Tax Credits for Green Investments:** Encouraging green investments through tax credits is a wise approach. Businesses and individuals investing in sustainable practices should be rewarded with tax benefits, fostering a culture of environmental responsibility.
Opinions on this matter can vary widely. Some might argue that such a tax is essential for combating climate change, encouraging innovation, and holding major polluters accountable. Others might express concerns about potential economic impacts, especially for industries heavily reliant on fossil fuels. Striking a balance between environmental sustainability and economic feasibility will likely be a point of contention.
The need for urgent, impactful action on climate change is evident. A progressive carbon tax seems like a pragmatic step, aligning economic incentives with environmental responsibility. It creates a framework where businesses and individuals are not just responsible for their actions but are also incentivized to contribute positively to the environment.
Remember, these are my strong and unrestrained opinions. Real-world implementation, of course, requires careful consideration of various factors, stakeholder involvement, and, importantly, adapting strategies as new information emerges.
What are your thoughts on this matter?
  • asked a question related to Taxes
Question
3 answers
their research gaps, factors they reserched and findings
Relevant answer
To check for recent authors, research gaps, variables, findings, etc. about the effects of high taxation, you may want to do the following:
1. Choose a number of peer-reviewed research papers related to your high taxation, from Google Scholar, RG, SSRN or similar credible websites, not from non-credible sources.
2. Read these research papers and check for the research gaps from within such research. You may find these gaps under the subtitle: Future Research or similar subtitles.
3. Ensure that such gaps are not already covered by recent research. That is, for the gap that you want to cover, read to the last current research in this regard to make sure that no other author(s) already conducted such research.
4. Then, go ahead and start preparing for your research, preferably using the Literature Review Matrix where you put a table showing authors, title, objectives, research question(s), problem statement, variables, methodologies used, findings, etc. for each research paper selected. By the way, you may want to keep such relevant research papers to use them as references in your research.
  • asked a question related to Taxes
Question
3 answers
Should governments induce taxation? why should there be tax and no reciprocating government services?
Relevant answer
Answer
TRISTE E POBRE DO PAÍS QUE NÃO DEVOLVE AO SEU POVO OS SERVIÇOS QUE SÃO SUSTENTADOS PELO PRÓPRIO POVO. O BRASIL É ASSIM DESDE A DESCOBERTA, 523 ANOS, INFELIZMENTE, SORTE NAS SUAS PESQUISAS
  • asked a question related to Taxes
Question
1 answer
I am doing a research on "The impacts of tax on multinational companies; A case study based in Madang Province, Papua New Guinea"
Relevant answer
Answer
Multinational companies are taxed in each country in which they operate. As well as income taxes, they will also pay sales taxes, payroll taxes and any other taxes which are levied in the countries in which they run their business. The advantage multinational companies have is that they can move revenues and costs between different countries, depending on which countries charge lower taxes. Although there are usually anti-evasion laws in place to minimise the extent to which they can do this. Hopefully that explains a little about why and how multinational companies pay tax.
  • asked a question related to Taxes
Question
3 answers
Tax laws in South Africa, Zimbabwe are by and large skewed to benefit the rich (old money) and make it extremely difficult if not impossible for one to grow wealth and resources and migrate to a higher living standard.
The tax breaks and benefits available to the rich through various instruments ( undeserved) end up ensuring those who can afford higher taxes pay next to nothing, and at times , the same laws are weaponized for political or other reasons against specific persons or entities.
The history of tax as in the Hut tax and how millions lost their cattle and land is perpetuated in the modern day by draconian measures like asset forfeiture before a person is convicted of any tax evasion or crimes.
Tax laws must work to build wealth not take it away from citizens.
Relevant answer
Answer
Thanks for your reply. I agree that privatising basic public goods and services can be very injurious to the poor and counter-productive in general.
Is land privately-owned in South Africa and Zimbabwe? If so, these landowners are probably receiving windfall economic gains from land values created by public goods and services (regardless of whether they are privately- or publicly-provided). Therefore, "land value return" might be useful for more equitable funding of public goods and services while also making access to prime sites more affordable for residents and businesses alike.
I would note that most Americans cannot afford to own vacant lots. Landownership is highly concentrated and unequal. (This is obscurred by the fact that about 60% of households own their own home. This would appear to make most Americans landowners. But most homeowners do not own any other real estate and the value of these homes compared to the value of commercial and industrial land is miniscule.
  • asked a question related to Taxes
Question
2 answers
there are more and implementation of this tax on motor vehicle as eco-tax in various countries in Africa. i am looking for publications that are supportive but also that are against this kind of taxes. specificaly in countries where there are already existeing taxes to handle the issues of road development and repairs.
warm regards
Relevant answer
Answer
thank you very much Hans
  • asked a question related to Taxes
Question
2 answers
هل تستطيع الدولة زيادة ضرائب
Can the state raise taxes?
Relevant answer
Answer
Yes, so that the state can finance its various tasks for the benefit of its citizens! I recommend reading an introductory textbook on public economics intensively!
  • asked a question related to Taxes
Question
2 answers
What are the differences in taxation of companies and employees vis-à-vis analogous entities in which all employed workers have been replaced by artificial intelligence?
How does the system of taxation of income generated by business entities and their employees differ from analogous companies, businesses, financial institutions, etc., in which all employed workers have been replaced by artificial intelligence?
In a situation where in many service companies and many manufacturing companies, as part of the so-called cost optimisation and profitability improvement, a significant part, the majority of the employed workers or the entire workforce will be replaced by artificial intelligence technology, the tax revenue going to the state budget from income taxes of the previously employed workers and the amounts from para-taxes, contributions to the social security system and others will significantly decrease if the tax system is not applied modified and adapted to the fourth technological revolution currently taking place. In addition, a long-standing process of change in the demographic structure of society, known as ageing, is taking place in developed countries. This means a successive decrease in the number of people in many productive years against people who have already reached retirement age. This will further weaken the state's public finance system in the years to come. If, in the future, the state is to ensure convenient provision of public goods and services for the next generations of citizens, the social security system, the participatory pension system, etc. are to function effectively, the necessary changes, including in the area of fiscal policy, should already be introduced. However, the issue of shaping socio-economic policy, including fiscal policy, social policy, provision of public goods by the state to citizens, etc., may be a problem mainly in the short term (a few months) or medium term (up to a few years) instead of the long term (at least a few decades of time).
In view of the above, I address the following question to the esteemed community of scientists and researchers:
How does the system of taxation of the income generated by economic entities and the employees employed in these entities differ from the analogous companies, enterprises, financial institutions, etc., in which all employed employees have been replaced by artificial intelligence?
What is your opinion on this?
What is your opinion on this subject?
Please respond,
I invite you all to discuss,
Thank you very much,
Best regards,
Dariusz Prokopowicz
Relevant answer
Answer
Before giving out the answer I would state that it is highly improbable that this scenario comes to pass, if history is any guide. History shows that any offset due to innovation leads to a temporary dislocation of the workforce [1] until the workforce is re-educated[2].
Now for the answer (assuming the improbable)
I would echo Christoff Botha in his statement that it all boils down to "the difference between the respective country's corporate and personal income tax rates". Now since the relationship between the two is not linear I would assume that the initial result would be detrimental to the taxation results. The backlash from unemployment will put pressure on government to establish more assistance programs and raise the taxation rates(In an effort to at least reach equilibrium). Obviously, the wealth/digital divide will widen further as a result.
References
[1] Autor, D., & Salomons, A. (2018). Is automation labor-displacing? Productivity growth, employment, and the labor share (No. w24871). National Bureau of Economic Research.
[2] Vermeulen, B., Kesselhut, J., Pyka, A., & Saviotti, P. P. (2018). The impact of automation on employment: just the usual structural change?. Sustainability, 10(5), 1661.
  • asked a question related to Taxes
Question
7 answers
Hello Everyone,
I am doing a time series data analysis (ARDL) and there I am using my independent variables as different types of taxes and its impact on income inequality. When I am using these taxes without variables that may affect income inequality I got majority of my tax has a significant and expected sign. So, in that case, do I have to add other variables that may affect income inequality? or is it okay to proceed with my model only with the taxes.
Relevant answer
Answer
Thanks again Nderitu Githaiga for your suggestion.
  • asked a question related to Taxes
Question
3 answers
For what energy, climate, environmental or other policy purposes should tax money from the excess profits of companies in the mining, energy and fuel sectors made in 2022 be used in connection with exploiting the situation that has arisen in the context of the energy crisis arising from the war in Ukraine in 2022?
In some countries in Europe, taxes have already been introduced in autumn 2022 on the excess and historically highest windfall profits of companies in the mining, energy and fuel sector obtained in 2022 in connection with the exploitation of the situation that has arisen in the context of the energy crisis derivative of the war in Ukraine in 2022. Unfortunately, some of the countries that called for the introduction of economic sanctions that increased the scale of this crisis and, at the same time, countries with an energy sector built on an archaic model based mainly on the combustion of fossils, nevertheless did not introduce this tax. This is still the case, for example, until February 2023 in the country where I operate. In connection with the publication of historically record profits of mining, energy and fuel sector companies operating in Poland and controlled by the government, obtained in 2022, as well as increasing criticism of opposition political options, it was reported in the media that once again the government is back to considering the possible introduction of the said taxes on excess profits. In my opinion, the money raised from taxes on excess profits made by companies in the mining, energy and fuel sectors in 2022 should finance new projects for developing renewable and zero-emission energy sources in order to speed up the green transition of the energy sector. In this way, the process of achieving a zero-carbon economy, a sustainable closed-cycle economy, an economy characterised by a high level of autonomy and energy security, meeting sustainable development goals will be accelerated and the scale of care for the state of the environment, the biodiversity of natural ecosystems, protection of the biosphere and the climate will be significantly increased. In addition, air quality will be significantly improved, the level of environmental pollution will decrease, etc.
In view of the above, I address the following question to the esteemed community of scientists and researchers:
For what kind of energy, climate, environmental or other policy purposes should the tax money from the excess profits of companies in the mining, energy and fuel sector obtained in 2022 be used in connection with the exploitation of the situation that has arisen in the context of the energy crisis derived from the war in Ukraine in 2022?
What is your opinion on this topic?
What is your opinion on this subject?
Please respond,
I invite you all to discuss,
Thank you very much,
Best wishes,
Dariusz Prokopowicz
Relevant answer
Answer
All taxation ought to be used for the well-being of the populace of the country involved. The allocations made then needs to be challenged in open, democratic forum. Trans-border taxation is a different matter, but ultimately must also be open to challenge. The AGW swindle is a good example of taxation without accountability: open debate has been quashed in most of the western world and vast amounts of wealth wasted without anyone being held responsible. The political trick is to use "experts", "Scientists" etc to hide behind.
  • asked a question related to Taxes
Question
12 answers
In my study, I am using two control variables (real GDP and inflation rate), main independent variables (different types of taxes), and dependent variable (income inequality). So firstly, I'd like to know if adding these variables as controls is sufficient because I get results that match the literature when I use these two control variables.
Furthermore, if I use these two control variables, do I need to provide theories to justify them because I couldn't find any theory which explains the relationship between inflation rate and income inequality. If a theoretical relationship is required, could you please recommend some theories which I can relate the impact of inflation and real GDP on income inequality.
Relevant answer
Answer
Hello again, Tharani Kanthasamy
Regarding how you use the two macroeconomic variables, inflation and real GDP, to explain your dependent variable (tax revenue), I suggest you read the following articles.
Lee, Y., & Azlan, M. I. B. (2022). Determinants of Housing Prices: Evidence from Malaysia and Singapore. Asian Journal of Research in Education and Social Sciences, 3(4), 91-106.
Alpha Kabine, C. (2022). Determinants of house prices in Malaysia. International Journal of Housing Markets and Analysis.
Korkmaz, Ö. (2019). The relationship between housing prices and inflation rate in Turkey: Evidence from panel Konya causality test. International Journal of Housing Markets and Analysis.
Kónya, L. (2006). Exports and growth: Granger causality analysis on OECD countries with a panel data approach. Economic Modelling, 23(6), 978-992.
The first article used a multiple regression model to explain the effect of inflation rates and GDP on a price index. In comparison, the three research papers used the ARDL model and Granger Causality Analysis to study the relationships between inflation rates, GDP and the dependent variables of their choice. So you can do the same. I hope this helps you.
  • asked a question related to Taxes
Question
4 answers
Is business income tax fair? It seems not at all fair. E.g., having the same amount of 100,000 $ taxable income, both business A with a revenue of 200,000$ (e.g., a gaming developer) and business B with a revenue of 1,000,000$ (e.g., a hotel) have to pay an identical amount of income tax, say 35,000$ if the rate is 35%. Not at all fair for B as a low-profit earner. But why has such an unfair taxation practice been practiced from governments to governments?
Relevant answer
Answer
Corporate tax is always a hot debate, including the one in the UK now because no one ever explains why a certain rate is applied.
I indeed developed a new income tax model in which the tax base is the profit rate, instead of the amount of income as globally applied, which is likely proofless. You can view the model here on the ResearchGate:
Thanks for viewing and sharing your ideas.
Le Vinh Nguyen, PhD
  • asked a question related to Taxes
Question
3 answers
If yes or if you are interested in this question, I would like to have a chat.
I have been working on this question for a long time. Most of us already know that the first best solution to externalities revolving car driving does not involve registration taxes. Taxing cars instead of driving would thus have distortive effects.
I believe we might be undermining this distortion. I believe that when you take into account long run decision making often not accounted for in welfare models, the distortion is even bigger. Long run decision making such as people's decisions of where to live, firm's decisions on where to locate, and the resulting developmental decisions about where and how densely to build.
I have the hypothesis that if a government is given the choice between using registration (fixed cost) taxes and gas/kilometre (variable cost) taxes on driving, while holding revenue from these taxes constant, the variable cost choice would cause the city to be built more densely over time than the fixed cost choice. (Over time since rome wasn't built in a day).
First attempt was in my Master's thesis, where I used a monocentric city model with Cobb-Douglas utility and two travel modes. I was able to show that reducing the fixed tax and increasing the variable tax holding revenue constant indeed did make the city smaller. It also reduced the total amount of kilometers driven in cars (despite more people owning cars since they got cheaper) because people lived closer to the centre. I also showed that when you held the city shape constant in this proces, the total kilometers from the same change increased because the decisions didn't show in people's movement choices.
I have later come to realise that there are some flaws with my model, and have since worked on an improved model with log-linear demand utility with just the one mode (the car). It has proven to be a big technical challenge for me.
I have also tried empirical methods. I have a dataset of 100 cities worldwide and across developmental levels. This includes variables such as vehicle cost per kilometre, yearly capital cost per car, yearly driven kilometres in cars, commuting time, commuting distance, and 100 other variables. And have been looking at a model that measures the effect of variable costs and fixed costs on kilometres driven in cars (controling for gdp per capita for metropolitan areas) to see which has the biggest effect, but apart from obvious endogeneity issues, I also am not really able to show through which mechanism there might be an effect (whether it is indeed due to how the city is developed differently), but the model does indeed show that registration taxes are insignificant and that variable taxes are not.
I could use some brainstorming with other researchers interested in the same question. If you're interested in having a discussion about it in any way, please let me know.
Relevant answer
Answer
A registration tax only increases the annual fixed cost of a vehicle, while fuel taxes account for a significant portion of variable costs. Therefore, it goes without saying that the amount of variable costs influences the decision on where to reside much more than fixed costs do. In order to recognize this, I do not need any empirical analysis!
  • asked a question related to Taxes
Question
7 answers
My understanding is that income taxes discourage earning. When income taxes are increased, people discourage to earn more, which negatively affects national income and finally social welfare. Reducing indirect tax therefore can increase national income and as a trickle-down effect will reduce poverty.
Relevant answer
Answer
I am also with you, but many argue another way because of poverty. I think with a certain modification, indirect taxes support economic growth faster than direct taxes on earnings, which may be sustainable and help poverty eliminate successfully.
  • asked a question related to Taxes
Question
3 answers
What is the impact of transport taxation on the transport sector in Germany?
Relevant answer
Answer
There are no sectoral special taxes in Germany. The transport sector is subject to the general taxes for all economic sectors (e.g. income and profit tax, value added tax, motor vehicle tax, fuel tax, etc.).
  • asked a question related to Taxes
Question
24 answers
Can you help me get work papers on the effects of green taxes on the economic dimension of sustainable development indicators in Germany?
Relevant answer
Answer
Sorry! This is out of my field. Good luck!!
  • asked a question related to Taxes
Question
16 answers
Have energy taxes contributed to the development of employment and investment levels in Germany?
Relevant answer
Answer
Interesting question! good luck!!
  • asked a question related to Taxes
Question
20 answers
I need data and working papers on the impact of green taxes on the Danish economy sectors?
Relevant answer
Answer
Interesting question, But it is out of my field. Best wishes.
  • asked a question related to Taxes
Question
5 answers
What is the effect of green taxes on foreign aid that countries receive from abroad, as well as the effect of green taxes on the debt ratio, investment ratios, and per capita energy consumption for three countries, namely Denmark, Sweden and France. All discussions and opinions are welcomed
Relevant answer
Answer
Environmental taxes have many important advantages, such as for example: environmental effectiveness, economic efficiency, the ability to raise public revenue, and transparency. Environmental taxes have been successfully used to address a wide range of issues including waste disposal, water pollution and air emissions Zeinab Ali Dashoor
  • asked a question related to Taxes
Question
3 answers
What is the impact of energy taxes on the transportation sector?
Relevant answer
Answer
I suggest you to have a look at the following, interesting document:
- Energy and carbon taxes in the EU: Empirical evidence with focus on the transport sector
My best regards, Amir Beketov.
  • asked a question related to Taxes
Question
6 answers
What types of taxes are very suitable for measuring the standard of living?
Relevant answer
Answer
On an aggregate level, to measure the standard of living of the nation, indirect taxes such as VAT provide an indication of such, because the spending level indicates wealth.
  • asked a question related to Taxes
Question
5 answers
The Tobin tax is a tax on financial transactions, whether the sale of shares, currency transactions or financial derivatives, which was proposed with the purpose of avoiding speculative movements. The origin of this tax comes from 1971, when this rate, which receives the name of the Nobel Prize for Economics, James Tobin, was only intended to tax and control the speculative movements of foreign currency from a fiscalizing rather than a collection aspect.
Relevant answer
Answer
Seems there’s some correlation between the Tobin Tax and basil II. Maybe some form of adoption in IFRC would merit uniformity
  • asked a question related to Taxes
Question
9 answers
I am currently looking at potential areas of research in entrepreneurial taxation I need any advice from all of the expert in this area. Of course, I must admit that I am also interested in international entrepreneurship and I am also interested in combining this with entrepreneurial taxes.
Relevant answer
Answer
Taxing should be Direct on this sector
  • asked a question related to Taxes
Question
7 answers
I need data on environmental taxation for Denmark for my PhD project
Thanks for all the replies and contributions
  • asked a question related to Taxes
Question
6 answers
thanks a lot. I would like to use spss or stata.
Relevant answer
I think the following paper would help you in this regard:
Taxes as Pandemic Controls
AC Craig, JR Hines Jr - National Tax Journal, 2020 - journals.uchicago.edu
  • asked a question related to Taxes
Question
11 answers
In order to attract FDI, a large market(as in India), availability of labour at competitive price(as in India),sound economy, secure economy.................these are the major considerations. Can we attract more FDI just by providing tax benefits by reducing the applicable rate of Corporate Taxation.
Relevant answer
Answer
i agree
  • asked a question related to Taxes
Question
21 answers
For a long time, in order to provide justice, it was considered that income tax should be collected over net income. However, companies operating internationally have unfairly reduced their net income by using tax havens. In micro terms, individuals can reduce their net income by using fake bills. This situation causes that net income taxation which applying for justice produces injustice. Because those who declare their earnings honestly pay more taxes than others.
Recently, it is planned to make low-rate taxation on net income in the Digital Service Tax, which is tried to be applied in the EU. Because companies subject to digital service are companies that reduce their net income by using tax havens. The EU rightly considers taxing gross earnings on these companies, because they undeservesly reduces its net income through transfer pricing.
My question is, would it be fairer to tax all income taxes on gross earnings? Because unfair reduction of net income is not only a method applied by international companies. Every taxpayer who does not act honestly wants to unfairly reduce his net income by using fake bills or other methods. Consequently, wouldn't it be more correct for everyone to pay lower tax on their gross earnings?
Relevant answer
Answer
net income
  • asked a question related to Taxes
Question
5 answers
The economic effects of environmental taxes in the European Union
Relevant answer
Answer
Thank you @Cong Minh Huynh
  • asked a question related to Taxes
Question
3 answers
I'm trying to analyze the effect of income level on indirect taxes and my results show that indirect taxes decline with higher levels of GDP per capital. As the correlation matrix confirm this result I'm trying this counterintuitive results. In fact, theoretically when countries income levels increases the consumption may increases. Hence indirect taxes should increase.
Relevant answer
Answer
Dear Clery Nomo,
In order to explain this correlation acting inversely, other factors of influence, other determinants of changes in tax revenues and economic growth should also be verified. It should first be clarified whether there really is a direct correlation inversely proportional or it is rather the influence of other factors that are not directly related to each other. If it turns out that the aforementioned correlation is inversely proportional, it may be associated with a decline in consumption of citizens and investment demand of enterprises despite the growing economic growth. In addition, it is important to diagnose the short-term or long-term effects of certain factors and the development of observed trends, relationships and correlations. For example, accelerated economic growth may be a short-term effect of the anti-crisis, interventionist programs limiting the scale of unemployment growth and the economic recession that occurred in 2020 in connection with the development of the SARS-CoV-2 (Covid-19) coronavirus pandemic. Besides, despite the large amounts of additional money introduced by the central bank into the economy, this money, despite low interest rates, is invested in bank deposits and in various investment assets, and only a certain part of this additional money causes an increase in the level of consumption, which previously fell largely due to pandemic. Therefore, despite the anti-crisis programs of socio-economic, fiscal, budgetary, sectoral and social policies as well as a mild monetary policy, the consumption level may not have returned to the pre-pandemic level. The reasons are citizens' concerns about a new wave of the pandemic, about a new economic crisis and an increase in unemployment, a decline in employment, and the loss of jobs. The decrease in consumption is the main factor behind the decrease in revenues to the state budget from indirect taxes. Of course, the above considerations are only one of many variants of potential case study analyzes, in which many other factors and determinants of the impact of economic growth, the applied socio-economic, fiscal, budget, sector, social and monetary policies, the specificity of a given economy, the economic system of the country should be taken into account, the sectoral structure of the economy, the main factors responsible for short-term economic growth and long-term economic development, etc.
Best regards,
Dariusz Prokopowicz
  • asked a question related to Taxes
Question
10 answers
Ih have a Master research, i need a new topic
Relevant answer
Answer
1) Analysing the taxation system concerning growth and promotion of underdeveloped countries
2) Critically analyse the effects of effective taxation on the welfare of the country
3) Risk-taking in business from an accounting perspective
  • asked a question related to Taxes
Question
6 answers
The per capita gross domestic product is one of the indicators of the economic dimension of sustainable development. What is the amount of increase or decrease in per capita income when imposing environmental taxes on a particular sector
  • asked a question related to Taxes
Question
20 answers
How can entrepreneurship and innovation be stimulated to develop in the framework of improvement of pro-development socio-economic policy?
What are the main barriers to the development of innovation and entrepreneurship in your country and what should be improved in pro-innovation economic policy?
What should be changed in economic policy to reduce barriers to entrepreneurship and innovation?
In many developed countries, the main barriers to innovation are high labor costs, high taxes and parapositive contributions under the public finance system.
Are these barriers to the development of innovation and entrepreneurship in your country similar or different?
Please reply
Best wishes
Relevant answer
Answer
SMEs are the engine of the economy. These companies need more attention.
  • asked a question related to Taxes
Question
19 answers
Even here in Canada they are saying that climate action is a science based action as a promoting slogan for change, but if science based climate action is implemented through non-science based markets is not that a problem?.  UNCSD 2012 / Rio +20 in the Future We Want formalized a paradigm shift from the traditional market to green markets/green growth/green economy but instead of moving towards creating green markets by internalizing the environmental externality in the price mechanism of the traditional market to shift to green markets they are fast moving into creating carbon pricing based markets to continue treating environmental issues as they were in the traditional market still as externalities….
Carbon pricing based markets are dwarf green markets as they do not reflect perfect green market theory and they are unconnected to the green market price….Does not a science based climate action requires a science based market?. If yes, carbon pricing is not the way to go as they are not green markets and we are supposed to have shifted towards green markets in 2012, why are we going that way? Does the shift to green markets in 2012 made the scientific method and perfect green market theory irrelevant?
Relevant answer
Answer
I believe that this publication that I put for your consideration is very up-to-date and pertinent in the context of this discussion. I recommend it.
  • asked a question related to Taxes
Question
8 answers
Can you point me to papers and methods to assess the effects of a fictitious adoption of Universal Basic Income?
Relevant answer
Answer
Dear Carolina, this publication offers a general overview of conceptual and practical issues related to UBI:
Some papers study UBI from a general equilibrium perspective:
Other studies make comparisons between UBI and alternative poverty targeting instruments:
Some macroeconomic modelling:
I hope this is helpful. Best regards.
  • asked a question related to Taxes
Question
1 answer
I need help on how to build a relationship between green taxes and indicators of the economic dimension of sustainable development
Relevant answer
The Kuznets curve shows as an economy develops, market forces (e.g. green taxes) first increase and then decrease economic inequality (e.g. sustainable indicators), so yes :)
  • asked a question related to Taxes
Question
12 answers
Green taxation is one of the tools of fiscal policy that works as a double-edged sword, the first of which is to achieve revenue for the state and the second is to reduce environmental pollution
Relevant answer
Answer
I totally agree with Prof. Rybeck's analysis. It is undeniable that a substantial contribution to pollution is made by building and construction (often so-called "development", or should we call them uglifiers!???) operators. Some (including economists and political decision-makers) are not perhaps giving this topic sufficient care and attention. I fully subscribe that the best way towards getting humans to act the way that they should is via their pockets, for which read taxes. There is far too much God-given land and nature which is being taken away from several countries' citizens and this only in the interests of developers and capitalist project promoters. In every country the relationship between built and unbuilt land is going to the worse, and this in a context where decisionmakers are not realising that when nature loses out at the behest of capitalist venturing then, inevitably, it is also us the human species that in either the short term or the longer term will also inevitably follow as losers.
Dr. John Consiglio
FAculty of Economics, Management & Accountancy,
The University of Malta.
  • asked a question related to Taxes
Question
4 answers
Good morning, I'm doing a scientific article on tax planning strategies to optimize the payment of tax taxes in an industrial company that processes a fruit called Mortiño, and transforms it into Wine
Relevant answer
The following two papers may help you out:
Do beer and wine respond to price and tax changes in Vietnam? Evidence from the Vietnam Household Living Standards Survey‏
G Chelwa, PN Toan, NTT Hien, PTH Anh, H Ross - BMJ open, 2019‏ - bmjopen.bmj.com‏
MEASURING THE TAX CHARGE INCIDENTS ON NATIONAL WINE: IMPACT ON THE COMPETITIVENESS OF BIO-INDUSTRIE‏
K Farinon, EG Junior, NR Rogoski… - Anais eletrônicos do …, 2017‏ - unoesc.emnuvens.com.br‏
  • asked a question related to Taxes
Question
23 answers
They shifted to green markets in 2012 and they did not have a theory of the perfect green market to guide them.
They have gone the route of environmental externality management instead of environmental cost internalization as required by perfect green market theory without having a theory or a plan linking environmental externality management to the road to green markets.
In other words, environmental externality management based markets are not linked to green markets or green market pricing; and therefore they still operate under an envirornmental sustainability gap..
Is environmental externality management a short term cash cow and a long-term environmental nightmare in the making for governments and the world? I think yes, what do you think?
Relevant answer
Answer
Dear Lucio,
The above question was asked in 2016. Since then, a lot has changed in terms of pro-environmental policy, including motivating economic entities to implement the sustainable development goals. Since 2019, the European Union and several other countries have adopted a plan to achieve full climate neutrality of the economy by 2050. This is a big, positive step in terms of the pro-ecological transformation of economic processes towards the emergence of a green, social market economy, also known as a sustainable, green circular economy. More and more countries are taking important steps to implement the process of pro-environmental transformation of the energy, transport and construction sectors in order to reduce greenhouse gas emissions and reduce the scale of environmental pollution. On the other hand, taking into account the pace of the ongoing global warming process, the pace of the pro-environmental transformation of the economy so far is still too slow. It is necessary to increase the scale of pro-environmental state intervention, increase the scale of financing pro-ecological investment projects and increase the scale of pro-environmental, general social awareness of citizens.
Thank you, Greetings,
Dariusz Prokopowicz
  • asked a question related to Taxes
Question
4 answers
Are local taxes in the United States independent of imposing them, or does the US Congress intervene to impose them?
Relevant answer
Answer
Most studies have proven that there is no complete independence, as everything is subject to the general economic policy of the state, both financial and monetary, to achieve overall goals in favor of the economy.
  • asked a question related to Taxes
Question
5 answers
A current demand exists for an accepted tax management measure. Previous research has generally used effective tax rate (ETR) (e.g., Slemrod 2004; Dyreng et al., 2008; Armstrong et al., 2015); cash effective tax rate (CETR) (e.g., Dyreng et al., 2010), total book tax differences (BTD) (e.g., Wilson, 2009) and discretionary BTD (e.g., Desai et al., 2006 and Desai and Dharmapala 2006). Desai et al. (2006) have modeled a measure of tax management and test it in the American context (a context of disconnection between accounting norms and tax rules).This measure can be applied in contexts where it exists connection?
All the best
Relevant answer
Answer
generally when we are looking for identifying tax planning see '(Franck and al 2009)
  • asked a question related to Taxes
Question
15 answers
Existing tax havens, to which many companies from different countries transfer their fictitious or real offices to avoid tax system functioning in a given country is now a seriously global problem. Internationally operating large companies that achieve high profits thus avoid paying taxes and then governments to balance the budgets of countries raise taxes for the population, which usually earns little. In this way, in many countries, the middle class since the 1960s was significantly deprived while 1 percent. The most-earning citizens in developed and developing countries have the majority of goods that modern economies are equipped with. The liberalization and deregulation in economic and financial systems since the 1970s, instead of generating a diversification in income, has increased this diversity. Even the last global financial crisis of 2008, generated mainly by violations of investment banking procedures, significantly contributed to the diversification of income between the middle class and the highest earners class. Unfortunately, instead of improving the functioning of investment banking, it was possible to continue the development of these entities according to the standards from before the global financial crisis.
In view of the above, the current question is: Is the escape of large companies to tax havens a problem for public finances of the state?
Please, answer, comments. I invite you to the discussion.
Relevant answer
Answer
Thank you sir for your response. Absolutely well stated. Its impact on the country finance is enormous. Tighten the tax system is the answer and rendering appropriate punishment to individual and firm participant in order to deter future occurrence.
  • asked a question related to Taxes
Question
31 answers
How can the social security system and the tax burden of business activities affect entrepreneurship and innovation on a national basis?
In my opinion, entrepreneurship develops effectively and becomes more and more competitive if the state creates the right conditions for entrepreneurs. First of all, low tax burden and low costs of contributions to the social insurance system. Contributions to the social security system should be adapted to the situation of running a business and the level of income.
On the other hand, there are countries in which the very fact of establishing a business entails the need to pay taxes and high premiums for the social security system even when real economic activity is not carried out and / or does not bring any or very low income and no profits. Such unfriendly tax and business activity systems operate in some countries.
Paradoxically, in some countries, taxes and contributions to the social security system, mainly micro-enterprises, are most heavily burdened with taxes. Paradoxically, micro-enterprises are often the source of new business solutions, innovations, start-up startups, and they are the source of entrepreneurship.
In some countries, the contributions paid by entrepreneurs to micro-enterprises for the social insurance system are fully voluntary and this has not led to a collapse and crisis in the state's public finance system in these countries. Some of the countries in which these contributions are voluntary are rich, developed countries in which entrepreneurship and innovation are effectively developing.
On the other hand, those countries in which these contributions to the social insurance system are compulsory and regardless of the economic situation, regardless of the generated profits, earnings and whether they actually conduct business activity in real terms, the public finance situation is not the best. What do you think about it? What is your opinion on this matter?
In the context of the above issues, I am asking you the following question:
How can the social security system and the tax burden of business activities affect entrepreneurship and innovation on a national basis?
Please reply
I invite you to the discussion
Thank you very much
Best wishes
Relevant answer
Answer
It depends on several factors such as firm size, Social sec n tax contribution size n etc... find that relaxing the social insurance mandate leads entrepreneurs to reduce their contributions by 16 percent, which they channel instead into their firms. While young firms use the saved cash to increase their sales by 11 percent and labor costs by 6 percent, older firms use it to improve their net lending position by purchasing stocks. Our results imply that the impact of the social insurance mandate on business activity is heterogeneous and depends on the age of the firm... Benzarti, Y., Harju, J., & Matikka, T. (2020). Does Mandating Social Insurance Affect Entrepreneurial Activity?. American Economic Review: Insights, 2(2), 255-68.
  • asked a question related to Taxes
Question
6 answers
Govt. needs funds for various developmental activities. The major source of fund as far as Govt. is concerned is Taxation. Various modes of recovery of taxes might be prevalent in various countries.Let us discuss such modes:
Relevant answer
Answer
In Iraq, income tax is collected in multiple ways such as direct driving and this method ensures access to the State share and prevent tax evasion in addition to other ways such as the development of a permitted conduct of a taxon of the tax body for the purposes of completion of financial transactions for individuals
  • asked a question related to Taxes
Question
13 answers
Linking inflation and fiscal stance
Relevant answer
Answer
It Is how taxes are spent. If Govt spend the taxes they collected, it will create an inflationary trend if the supply of goods is not forthcoming. If Govt deficit is funded by taxes, it is relocation from private spending to public spending, if the Govt spend the taxes they collected. If the Govt deficit is monetized, that is not collected from private sector but by printing the currency, it will create an inflation.
  • asked a question related to Taxes
Question
3 answers
In the general budget 2020, the government of India is proposing to remove DDT and to introduce classical system of dividend taxation.
Relevant answer
Answer
In light of the tax planning policy, institutions seek to adopt a policy of withholding profits in order to avoid imposing the tax and postpone the process of paying it implicitly through the adoption of legal technical methods that work to avoid paying the tax and benefit from temporary tax exemptions and others to benefit from cash circulation and re-invest money and achieve more profits.
  • asked a question related to Taxes
Question
7 answers
What do we mean by tax savings and how can it be taxed? Possible sources?
Relevant answer
Answer
Tax savings are in sources of income because there are some sources of income have tax exemptions
  • asked a question related to Taxes
Question
3 answers
The arrival of Airbnb to Hawaii has made Hawaii to make changes on taxing the short term vacation rentals, higher tax, which should be better for Hawaii, and/or is Airbnb killing the Hospitality industry or will eventually kill the industry? I would like to do a dissertation regarding the matter where my study should help the Tourism/Hospitality industry to combat any threat from Airbnb. The goal is to eventually find solutions or recommendations to benefit both Airbnb and Tourism industry. I think of so many possibilities and positivity!
Relevant answer
Answer
I am not sure about Hawaii, yet it certainly provides a wide opportunity for the local community in the rural area of Borneo to improve their economic well-being by offering their village, homestay or even B&B service through Airbnb platform and chances for the allocentric traveller to explore Borneo at their specific budget & expenses in a unique way that not known by the mass tourist.
  • asked a question related to Taxes
Question
7 answers
It has been noticed that while teaching various subjects having numerical, students are more receptive in the morning sessions(say before lunch),whereas in the post lunch sessions,they are not in a position to grasp the subject in a better way.I may be wrong,but we may start a fruitful discussion on this topic,it will definitely guide us whether to keep such papers in the before lunch sessions,or otherwise.
Relevant answer
Answer
Yes, teaching accounting is an example, preferably in the morning, because students are more accommodating of the subject
  • asked a question related to Taxes
Question
3 answers
Turkey has enacted Law No. 7194 with the DST. This Tax aiming digital business like Alphabet, Facebook and online retailers. The Tax rate ise 7.5 over revenue. So actual rate of Tax much more higher. Because revenue basis taxes cannot deduct expenses from revenue. Is this rate too high? European Council also proposes DST (which eventually digital advertising tax) which rate %3 over revenue. Notwithstanding this rate criticised because of excess rating. So Turkey's DST also criticised much more for excess rating.
Relevant answer
Answer
This article might be useful for you! Coria, J. (2009). Taxes, permits, and the diffusion of a new technology. Resource and Energy Economics, 31(4), 249-271.
  • asked a question related to Taxes
Question
4 answers
Jurnal Ekonomi dan Manajemen requires reviewer volunteers for observe carefully the article on our journal http://journals.umkt.ac.id/index.php/JEM/index .The requirement minimum for reviewer volunteers was have google scholar ID. Please send your CV to email jem@umkt.ac.id and fill your data below.
Management and Bussines scopes: Financial Management, Human Recources Management, Marketing Management, Operational Management, Strategic Management.
Micro and Macroeconomics
Financial Corporate and Tax scopes: Accounting and Taxation
Relevant answer
Answer
Yes Mr. Kedar Vijay Marulkar please send your CV to our email jem@umkt.ac.id..
Thank you..
  • asked a question related to Taxes
Question
6 answers
Jurnal Ekonomi dan Manajemen requires reviewer volunteers for observe carefully the article on our journal http://journals.umkt.ac.id/index.php/JEM/index .The requirement minimum for reviewer volunteers was have google scholar ID. Please send your CV to email jem@umkt.ac.id and fill your data below.
Management and Bussines scopes: Financial Management, Human Recources Management, Marketing Management, Operational Management, Strategic Management.
Micro and Macroeconomics Financial
Corporate and Tax scopes: Accounting and Taxation
Relevant answer
Answer
Yes, I am interested
  • asked a question related to Taxes
Question
12 answers
The old fashioned view was that the state was mainly a problem. It spent too much. It inflicted high taxes. It regulated too much.
Since the 1990s informed opinion has been more optimistic. We have considered an effective state as an asset in relation to national social and economic development.
But where is the convincing empirical evidence that effective governments can act to cause sustainable economic growth?
I would be interested in any well conducted studies carried out in the last five years that proves that effective governments can act strategically and produce sustainable economic growth.
Relevant answer
Answer
They can do that if they want ...
  • asked a question related to Taxes
Question
6 answers
I am interested in taxation and international taxation in particular. International taxation and VAT are areas that I will want to focus in my career but I haven't been working in them, However,I belief a good topic will help me kick off and start working hard in these areas.
I appreciate your help.
Relevant answer
Answer
In the area of VAT, to find a topic you want to cover, I would recommend that you first undertake some general reading. My suggestions:
1) Alan Schenk et al, Value Added Tax: A Comparative Approach . 2nd ed. Cambridge University Press 2015
2) Robert F. van Brederode, Systems of General Sales Taxation: Theory, Policy and Practice. Kluwer Law International 2009.
That would help you identifying more specific areas of interest. Some monographs and PhD theses have been written related to VAT (only few in English). If you have some ideas, feel free to contact me at robvanbrederode@aol.com to further discuss.
Kind regards,
Robert
  • asked a question related to Taxes
Question
2 answers
There is a lot of discussion regarding DNA mapping and using that as a means to understand the genetic makeup of a person.
If a person has a pre-disposition towards a genetic issue, such as BiPolar or Cancer or schizophrenia, and genetically alterations occur, does this
1) Improve or innovate the subject (or conversely, diminish an original subject)
2) Alter the subject permanently as an entirely new being thus "rendering " the old self as dead, creating a new artificially manufactured subject?
This has ethical implications as well as legal implications for life insurance, when to payout death claims, as well as product liability and warranty/fair disclosure.
It also has ethical and moral issues- at what point is the new subject altered to the extent that the old subject is no longer alive, and at what point is it a manufactured product subject to import/export laws, taxation, royalties (licensed DNA genetic fusing) and a vanity option for the wealthy?
At what point is the subject no longer human?
What do you feel about these questions about altering human beings through genetic gamesmanship?
Relevant answer
Answer
Title should read "work", not word.
  • asked a question related to Taxes
Question
2 answers
Just creating technology that could impact the safety of humans it is not enough to simply presume it works. The social structures are already revolutionised by the introduction of the artificial intelligence in industry and society and the legal frameworks are not yet prepared to absorb the impact. Should self-aware artificially intelligence robots have a distinctive legal status, separate from their users and owners? Your answers will help us to define the contents of the status of the artificially intelligent agents (liability, rights, taxation duties and so on) for a minimum certainty not only related to eventual damages, but also to the public safety and data protection.
Relevant answer
Answer
Agree. Giving any kind of legal status for robots would create huge loopholes.
  • asked a question related to Taxes
Question
10 answers
Remedies to solve these issues.
Relevant answer
Answer
Non payment of taxes or non tax compliance is a general phenomenon around the world. People don't want to pay tax based on the following:
1. Poor tax policy and Bad implementation.
2. Lack of tax fairness and inability to receive benefit in lieu of the tax payment
3. Complexities of the tax laws.
4. People did not see tax payment as their moral obligation and responsibility to fulfil
5. Misappropriation and embezzlement of tax revenue on the part of relevant tax authorities.
How to resolve this issue, can be through enforcement drivers e.g. Tax audit and Fines.
  • asked a question related to Taxes
Question
4 answers
I am currently working on an exhibit on the truth behind the Upper Peninsula(U.P.) gaining its own statehood. I have found information on taxes from each county in the U.P. but I am looking for any other information. Specifically tax distribution per county in Michigan at least. Any information/ resources would be fantastic!
Relevant answer
Answer
have you considered a futures study where you look at the possible scenarios emerging from this?
are you simply looking for data?
  • asked a question related to Taxes
Question
4 answers
Uganda has not increased excise duty on cigarettes in the 2019 Excise duty Amendment Bill, although government was sued for the 2017 Amendment to the 2014 Excise duty including tax favors for local manufactures of cigarettes at the disadvantage of the East African like manufacturers, matters have not been helped to measure up to Article 6 of the World Health Organisation Framework Convention on Tobacco Control and section 23 of the Tobacco Control Act which prohibits giving cigarettes tax payers preferential treatment.
Uganda should adopt the recommendations from the Addis Ababa Action Agenda for Financing Development which "note the enormous burden that non-communicable diseases
place on developed and developing countries. These costs are particularly challenging for small island developing States. We recognize, in particular, that, as part of a comprehensive strategy of prevention and control, price and tax measures on tobacco can be an effective and important means to reduce tobacco consumption and health-care costs, and represent a revenue
stream for financing for development in many countries."
Relevant answer
Answer
The population at large @ majority are smokers including the policy makers, politicians interest, economy generator etc. On the other hand, when the tobacco, cigarettes are expensive due to the tax, alternatively the smokers shift to smuggling tobacco. This event occurred mainly in developing nation and Malaysia not exempted because 60% of Malaysian are heavy smokers.
'mankind addiction' is new unexplored research opportunity.
  • asked a question related to Taxes
Question
6 answers
Tobacco is a deadly habit which is very common among all societies yet what we want to ask ourselves is: Does imposing price increments limit the habits among the smokers ?
It is a fair question to ask!
Relevant answer
Answer
The WHO argues that increasing the price of tobacco product is the most potent and cost effective policy in tobacco control. The WHO insists that higher price of tobacco product would reduce the affordability of tobacco products. This, in turn, would induce consumer to cease smoking, while at the same time prevent others from start smoking. In agreement with Paul Stock Paul, it is deemed that price elasticity of demand for cigarettes is at average - 0.40 in high-income countries and about -0.50 in low- and middle-income countries. Thus, it is assumed that lower income people tend to be more sensitive to price change. In addition, among all taxes, tobacco excise is the most effective one as it is exclusively levied to tobacco product and it raises the prices of tobacco product relative to price indices. Accordingly the WHO urges member countries to (1) increase tobacco excise at least 70% of tobacco product retail price, (2) ensure that the increase of tobacco excise higher than the increase of price indices and income, (3) prevent consumer from shifting down to cheaper tobacco product, and (4) strengthen tobacco excise administration. The WHO also maintains that higher tobacco excise tax would provide governments with reliable stream of revenue which can be allocated for improving public health and strengthening tobacco excise tax administration.
However, many researchers suggest that substantial tobacco excise increase would bring undesired impacts. Excessive tobacco would encourage tax evasion and avoidance as it offers large incentive for illicit production and trade of tobacco product. In line with Robert van Brederode, smokers would not reduce tobacco product consumption. Instead, they would shift down to illicit tobacco product which is certainly cheaper. As a result, excessive tobacco excise would simultaneously undermine public health objectives and damage tax base. Policy makers, for that reason, carefully increase tobacco excise while concurrently keep illicit tobacco product under control.
Please find more information on:
  • asked a question related to Taxes
Question
5 answers
Is health in Kenya adequately financed? Relatedly, is there a need for additional sources of revenue to fund health? The limited resources that are available to the Kenyan government are prioritised in the budget that earmarks how much is to be allocated to each public sector. Regrettably, health financing has been on a reducing scale and the government is considering ways to broaden its revenue base for financing health. I want to pick up on the argument of limited resources and posit Islamic taxation as an alternative source of revenue potentially available to the Kenyan government for financing health. Scholars have considered the argument of limited resources from the lens of prioritisation – that is the need to make the best possible use of these limited resources to continually improve the well-being of society and increase the revenue in the long term. Other scholars have posited that the argument on limited resources is to be examined by inquiring into different ways by which the resource base can be increased. Among the latter scholars, many suggest an examination of the tax policy of a state to increase taxation. Tax increments place a higher burden on the poor and middle-income earners, and is therefore not a persuasive approach to broadening the tax base. If the discourse on limited resources is to be analysed further from the scholarship on broadening the tax base then isnt it important to also address it from a different discipline, Islamic taxation?
Relevant answer
Answer
I am glad you agree Adheem Naeem tax is indeed a valuable government source of revenue. Zakat would greatly contribute to its increase provided its linked directly towards development.
  • asked a question related to Taxes
Question
4 answers
Other than fishing licence and registration is there any coastal country taxing exploitation based on quantity of resources exploited or proportion of revenue generated.
Looking for references, if you know anything please do share
Relevant answer
An overview of New Zealand's application of 'resource rentals' in the commercial fishery can be found here: https://fs.fish.govt.nz/NR/rdonlyres/95C26F05-1315-4CB0-A0DC-ECE6020175D2/0/qms_chapter_06_recovering_costs_from_industry.pdf. Commercial fishers also pay deemed values to the government for quota species they catch but lack quota for (it is illegal to dump quota species).
  • asked a question related to Taxes
Question
3 answers
As I see it, all countries should scrap all local taxes and import duties on solar PV and wind turbine products. Surely the reduction of CO2 by the use of local solar and wind for power generation is in every countries interest over and above protecting local manufacturers of renewable energy technology. Any comments?
Relevant answer