Essays on Tax Base

Now the most advanced integration Union is the European Union, the main forerunner of which European economic community was created in 1957 by the Task that stands today in the EU during the agenda - formation and strengthening of economic, monetary and political Union of member countries. Integration in the EU affects almost all aspects of relations between member States of the European Union - politics, Economics, social and cultural sphere. The relevance of the study due to the importance and special role of tax harmonization in the framework of deepening European economic integration, the development of the unified ...

When it comes to income inequality, there is evidence that counties with poorer neighborhoods receive less tax funds for public schools. According to the Department of Education, the richest 25% of school districts receive 15% more funds from states than poorer ones (Barshay, 2015). Federal funds have helped eliminated that gap. However, the Federal Government is not meant to be an equalizer (Barshay, 2015). Within states, tax funds are usually distributed based on property taxes. Those districts that pay more in taxes naturally should receive more funds in return. Residents can actually be charged with a crime if they ...

European Union (EU) is an association of sovereign states in Europe made of about 28 states. The states were brought together by their political, economic and social factors. The union was formed by countries signing treaties that gave the countries in the union privileges and obligation to the union (European Union, N.p). The union has some affiliation with even nations that are not officially members of the union. It is aimed at bringing European countries together and sharing democratic ideas or joining them in other integration without necessarily being part of their integration. However, the union has recently been ...

Introduction

Switching the United States’ current income tax system would benefit the country as a whole. Therefore, variations of the flat tax that are proposed, some of which set a percentage on income while others set a percentage on sales tax. Those arguing in favour of such tax reforms contend that it will eliminate the complexity of our current system and the loopholes. This will contribute towards boosting of the economy. One such proposal, on which a number of books have been written, is called Fairtax. This is a flat rate sales tax only on new items. For example, if someone were to buy a used ...

Introduction

Neoliberalism is a form of economic liberalism that offers support on free trade, deregulation, privatisation and reduction in government spending with the aim of enhancing the role of private sector in the economy. Privatization focuses on transferring the control of a given economy from public sector to the private sector. The policy does this with the aim of enhancing efficiency of the government, economic growth and development of the nation (Harvey, 2005). It is also an economic policy that focuses on monitoring the flow of the market economy thus playing a role in intensifying and expanding the market. It does this ...

Globalization has led to firms becoming multinationals since additional international markets are opening up and, therefore, economies are becoming integrated. With the increase in trade, migration and finance there are expected to be a rise in the level of global domestic Product. The Organization for Economic Co-operation and Development (OECD) was established to stimulate trade between countries and also ensure that there is economic progress. OECD has thirty-four member states currently including the U.S, France, and U.K among others (OECD, 2005). These are some of the best economies in the world hence OECD hence this business plays a major role in ...

1. Liberal democracies today practice one of two forms of electoral systems: single-member-district or proportional representation. Single-member-district systems are further divided into plurality and majority systems. Plurality-based single-member-district systems, or “first past the post” systems, are used by a minority of liberal democracies and involve a single representative elected to represent a constituency. The candidate who receives the most votes wins the seat and all of the votes cast for other candidates are “wasted,” as these votes do not count towards any other candidate. This encourages the strength of a small number of parties (usually two), as voters do not want their votes ...

The value added tax has been used in many growing economies as means to collect revenue for government operations. The replacement of the consumption tax by the St. Lucia government has seen its tax structure shift which has various implications on the citizens of St. Lucia. Much controversy arose as to whether the government was fully prepared to enact the VAT bill at the time when it did. This prompts one to wonder whether the VAT will solve the St. Lucian’s problems. Value added tax has many attributes that make it more desirable to many governments. Its ability ...

Analysis of US Corporate Income Tax Reform

A tax system should meet its objective of raising revenue for a government in a manner that meets the principles of equity, efficiency as well as complexity. Consequently, the essence of these principles is to ensure that any tax policy promotes economic growth as well as seeking to improve individuals’ social welfare. However, US corporate tax rate has been one of the highest even in comparison with the other OECD countries hence a need to reform it to meet the above principles as well as serve its key purpose of raising revenue. In this respect, this analysis seeks to analyze and present ...

Decriminalization of Marijuana in some states of America

Description of issue Drug and substance abuse continues to affect the society usually with overt and covert consequences. What has resulted is the tendency by communities to disapprove of the consumption. The disapproval has been manifested in legislations, policies and discouraging moral norms and values. Indeed, the position of marijuana has remained unclear in the larger United States of America. Marijuana has the uncommon characteristic of having a dual application in the medical and recreational sectors. It, thus, can be used for either its medicinal value or recreational value. The law in the United States on marijuana could be ...