There are many factors that support the increased use of transaction taxes, such as GST and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
There are many factors that support the increased use of transaction taxes, such as GST and HST. Which of the following is NOT one of those factors? A. Transaction taxes cannot be perceived to discourage individuals from working or investing, unlike income taxes which can provide a disincentive to earning income. B. Transaction taxes are a regressive form of tax, which is considered more equitable than a progressive tax system. C. Transaction taxes are consistent and avoid problems associated with fluctuating income and family units associated with progressive tax systems. D. Transaction taxes are easy to administer and collect as there are no forms required from individuals and transaction taxes are difficult to evade. There are many factors that support the increased use of transaction taxes, such as GST and HST. Which of the following is NOT one of those factors? A. Transaction taxes cannot be perceived to discourage individuals from working or investing, unlike income taxes which can provide a disincentive to earning income. B. Transaction taxes are a regressive form of tax, which is considered more equitable than a progressive tax system. C. Transaction taxes are consistent and avoid problems associated with fluctuating income and family units associated with progressive tax systems. D. Transaction taxes are easy to administer and collect as there are no forms required from individuals and transaction taxes are difficult to evade.
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below The statement that is NOT a factor supp... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
For this project, you must select an employer organization and research the organizations employee benefits package (plan). After you research the organizations employee benefits package, collect...
-
On February 20, 2011, Tom (an executive of Hawk Corporation) purchased 100 shares of Hawk stock (selling at $20 a share) for $10. A condition of the transaction was that Tom must resell the stock to...
-
As a mobile marketplace, how does Offer Up provide value to shoppers? Sellers? When people think of buying and selling things online locally, most think automatically of Craigslist, the classified ad...
-
How do you prevent name clashes when using header files?
-
Income statement data for Boone Company for the years ended December 31, 2012 and 2011, are as follows: a. Prepare a comparative income statement with horizontal analysis, indicating the increase...
-
Find the range of the function defined by the equation and the given domain. f(x) = 4x3; domain= {0, 1, 2, 3}
-
Employee ID First name Last name Job classification Jan Sales 1001 Mary Stevens Senior Sales Rep $ 85,000 1002 Larry Anderson Senior Sales Rep $ 72,000 1003 Sunil Gupta Junior Sales Rep $ 35,000 1004...
-
Prakash thinks it's important to ask team members how what's going on outside the team is affecting them. Carla thinks there should be a clear separation between the team and members' experiences...
-
Explain briefly how and what unemployment and inflation measure. What potential economic issues result from high levels of unemployment and inflation? Are there ideal 'target' rates for both of these...
-
The differences between U.S. GAAP and IFRS with respect to property, plant, and equipment, which do you believe is going to be the greatest challenge to converge? Why? What do you believe is the best...
-
Your principal gives you permission to sell the granola at the football playoffs where 30,000 spectators are expected in your town of 6,000. This is a demand curve, but which way would the curve go...
-
How can advancements in technology be leveraged to enhance the scalability and accessibility of empowerment initiatives on a global scale?
-
Describe and explain in detail The Need for Effective Leadership Explain in detail Defining Leadership & Emergent Leadership Describe and explain in detail The New Reality for Leaders Explain in...
-
Calculate the stock price for your selected company using the constant growth formula and the low-end dividend growth rate you determined in Part 1. Show all calculations for this estimated stock...
-
How can a promoter avoid personal liability for pre-incorporation contracts?
-
During the 2020 COVID-19 pandemic many organizations required their employees to work remotely and maintained little or no staff at their headquarters. Is this the same as a virtual organization? Why...
-
Young, innovative, or high-tech firms often adopt the strategy of ignoring history or attempting to do something radically new. In what ways might this strategy help them? In what ways might this...
-
In your opinion, which one decision has made the greatest impact on Vikings success? Why?
-
Figure P2.4 shows a graph of position versus frame number from a video clip of a moving object. Describe this motion from beginning to end, and state any assumptions you make. Data from Figure P2.4...
-
What minimum information must be extracted from a video clip of a moving object in order to quantify the object's motion?
-
The sequence in Figure P2.3 represents a ball that is initially held above the ground. In the first frame the ball is released. In subsequent frames the ball falls, bounces on the ground, rises, and...
Study smarter with the SolutionInn App