What do you think is the reason why governments grants "exclusion from the gross income

Q: Finance Explain why cross-border tax-related disputes can arise in different ways?

A: Taxes is referred as the mandatory contributions, which used to levy on the companies or individuals…

Q: Why is fringe benefit tax important?

A: Fringe benefits are those compensation and benefits provided to the employees which are other than…

Q: Which of the following is not deductible from gross income? *   Community tax Excise tax…

A: Tax payer can deduct state and local income taxes, real property taxes, and personal property taxes…

Q: how is the US income tax system unique?  Do you think it is good for tax payers?

A: The US Income Tax system is a robuts and strong system and the federal income tax is the largest…

Q: Can you give one example of tax avoidance and what its effect on the tax collection of the country?

A: Tax avoidance is made before calculating actual tax liability.

Q: True or false is regulatory tax is intended to achieve some social or economic end?

A: Regulatory tax: Regulatory taxes are the charge or levy of taxes by the government on the general…

Q: 1. Explain how value-added tax (VAT) works and its advantages and disadvantages from businesses,…

A: Disclaimer: "Since you have asked multiple questions in a single question we answered first question…

Q: Which of the following is a characteristic of tax? b. a. The amount to be collected is limited to…

A: Here discuss about the details of the characteristic of the taxes as well.  There are some district…

Q: Why is tax policy considered to be a blunt instruction?

A: Tax : Governments levy taxes on residents to create revenue for projects that would strengthen the…

Q: Explain each of the following statements independently: a. Tax systems should be fair. b. The…

A: SOLUTION A- The Fair Tax Plan is a sales tax proposal to replace the current U.S. income tax…

Q: 2. How to do the personnel income tax and corporate tax cause economic double taxation? How to do…

A: Please find the answer to the above question below:

Q: 1. The following defines taxation, except: *   a. It is an inherent power of the state. b. It is an…

A: Federal Tax: Federal tax is levied by US Federal government and paid to the national government. The…

Q: If there is a conflict between a BIR Ruling and a Revenue Memorandum Ruling, which will prevail?

A: The Bureau of Internal Revenue work under the department of finance and all the duties and…

Q: 1. Which of the following is not considered a purpose of taxation? a. To regulate inflation b. To…

A: Hi student Since there are multiple questions, we will answer only first question. Taxes are the…

Q: In the case of income tax there are high taxpayer costs but low government costs ? True or False

A: Income tax is known as the form of tax that is imposed on the income or profits of individuals or…

Q: enient in terms of timing and payment

A: Introduction : In simple words, tax refers to the amount that an individual or an entity has to pay…

Q: Explain the main differences between tax evasion and tax avoidance and list the main actions taken…

A: Tax evasion is the use of illegal methods of concealing income or information from the IRS or other…

Q: Which of the following is not an exclusion from gross income?  A. Incom

A: From the Following above options: option(C)not an exclusion from gross income. C.SSS benefits There…

Q: With or against those arguments? Taxing wealth Progressive taxation system Regressive taxation…

A: Taxing wealth : It is about imposing the tax or collecting the tax on the wealth capital of the…

Q: What is the basis of taxation of a Resident Citizen? Group of answer choices Gross Income less…

A: Basis is taxation means is what gets taxed.

Q: Why is the power to tax

A: Taxes are collected for the welfare of the people and the state. All the maintaining costs,…

Q: Taxes result in an excess burden or welfare loss, but government subsidies always result in a…

A:

Q: What are the constitutional limitations on the State's power to tax

A: Constitution of the United States: The Constitution of the United States is the preeminent law of…

Q: Why might the effective tax rate paid on income earned within a country be different from that…

A:

Q: How does an individual taxpayer in the United States qualify for the foreign earned income…

A: Taxpayers are individuals or organizations who are obligated to pay a tax to the government. A…

Q: The government should tax itself? Yes or no

A: A tax is a sum of money that is must be paid to the government in order for it to provide public…

Q: if the government should pursue the policies that have led to allowing the exclusion of certain…

A: According to the Income-tax laws, Assessee is required to pay tax on income earned by them from all…

Q: How are national taxes similar to and/or different from local taxes?

A: National taxes refer to national internal revenue taxes imposed and collected by the national…

Q: Do you think

A: these are the following drawbacks of property taxes: Lower incentive to buy a home High property…

Q: We tax net income? What economic distortions would occur if we taxed gross receipts?

A: Gross income is the income to the company or an individual after operating activities or providing…

Q: Should we include income derived from illegal sources in the computation of gross income? Why or why…

A: Taxes are a form of dues and obligations which needs to be paid by the individual on income earned…

Q: What is Documentary Stamp Tax and give examples?

A: The answer is given below:

Q: 3. Suppose that the U.S. personal income tax system became a flat tax system, in which all taxpayers…

A: Flat rate Tax System In the flat rate tax system there must be only one tax rate which can be…

Q: It is the obligation of compulsory taxes on individuals or corporations by governments. Taxes are…

A: Tax Imposition: Nearly every nation on earth has some kind of taxation, which is defined as the…

Q: For an individual taxpayer in the United States, what benefit is provided by the foreign earned…

A: The individuals or organizations that are required to pay a tax to the government are known as…

Q: Why are tax havens controversial?

A: Tax haven are part of a country where foreign investors have to pay a very low tax rate for certain…

Q: How is a business activity distinguished from an investment activity? why is this distinction…

A:

Q: What is the income tax still due after foreign tax credits?

A: RCIT is the acronym of regular corporate income tax which is the tax rate which is charged on the…

Q: Which of the following is not an administrative remedy available to the government?

A: Answer: C.  Tax Avoidance

Q: What is the general purpose of taxation in our society?

A: Tax is an enforced fee that is charged on individuals and organizations by government or its agency…

Q: Why is the power to tax is sometimes called sometimes the power to destroy?

A: Note: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered…

Q: Which is NOT a remedy in double taxation?

A: Basically double taxation refers to the  tax principle where the income tax are being paid twice for…

Q: Not all income earned by a CFC is subjected to current taxation to US persons. Income that is…

A: Passive Income: Passive income is profit from an investment property, restricted association, or…