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- 1. What is the effect of financial distress and taxation on gearing? A. Both constrain gearing B. The tax constrains gearing; financial distress pushes for increased gearing C. The tax pushes for increased gearing; financial distress constrains gearing D. Both push for increased gearingExplain why administrative and compliance costs of taxation is important regarding taxation? What are the specific measures that you are proposing to make a tax system simpler?What is “fair value”? Consider whether it is really helpfulwhen reporting financial results. Give your reasons.
- Taxation can be used to reduce the welfare loss arising from a negative externality. Select one: O True O Falsea) Explain the implications of capital market efficiency on investment analysis b) By use of practical examples, where possible, discuss two types of information processing errorsYou want to argue against the taxation of interest income. a) Which simple interpretation of the Atkinson-Stiglitz result can you use for your argument? b) Which restrictions regarding its assumptions do you have to consider for this model in general? c) Which theorem could you use for your argumentation and how? d) Which objection of a growth theorist could you be confronted with?
- Taxing individuals to provide public goods increase the burden of taxes .This means its optimal to combine taxes and individual contributions to provide such goods. True or false, and explainExplain each of the following statements independently: a. Tax systems should be fair. b. The tax calculation will not be correct whenever income tax preferences exist. c. Fiscal policies are used to judge tax systems and achieve government objectives.PA Q1c) Explain the process and methods you would include ensuring that you identify taxpayers and educate them on the need to pay Gift taxes and the punitive measure to be meted out on them in case they default. Support your explanation with suitable examples and scenarios
