Search Our Essay Database

Essay Instructions: Tax Equity

Do you pay taxes on goods and services where you reside? If so, do you believe these taxes affect low-income people more than high-income people? How high is your property tax and how does it affect the quality of your public services?such as schools and fire services?as compared to other locations? These questions all relate to tax equity. The taxes governments require for revenue include property, income, sales (on goods and services), and others. Some of these taxes are perceived as unfair or unjust, depending on such things as what is being taxed and who has the heaviest tax burden. In this Discussion, you will evaluate the fairness and equity of two different types of taxes.

To prepare for this assignment:
?
? Focus on government tax structures and the different types of taxes.
? Consider the regressive nature of some taxes.
? Consider the fundamental role of taxation in terms of revenue generation for government organizations.
? Think about income tax structures and whether they seem to fit with your understanding of concepts of equity and fairness.
? Reflect on current tax structures.
With these thoughts in mind:

Write an evaluation of at least two types of taxes (e.g., property, income, sales, etc.) in terms of tax equity. In your evaluation, explain whether you think the taxes are fair and equitable. Also, describe how tax equity coexists with a government's need to collect taxes for revenue.

Be sure to support your postings and responses with specific references to the Resources.

Essay Instructions: Tax preparers often have a difference of opinion with their clients as to how some transactions should be treated on a tax return. If a client of yours does not wish to report information on their tax return that you feel should be reported, how would you handle the situation?

Need 2 professional sources, no unprofessional sources like wikipedia, something from ebscohost would be great.

Essay Instructions: Taxes are a part of fiscal policy and very controversial. Some politicians want to raise taxes for incomes over $250,000, representing the 2% highest incomes, and would also include budget cuts of approximately $4 trillion over the next 10 years. Another proposal wants to lower the maximum tax rate from 35% to 25%, leaving tax rates the same for the other brackets, while also proposing a reduction of total spending by $6 trillion over a 10-year period. Another proposal has advocated a simplification of taxes by eliminating all corporate and individual deductions and estimating this would reduce the deficit by $3 trillion over the next 10 years, plus there would also be reductions in spending equal to another $3 trillion.

What are your thoughts on the three proposals outlined above, and please feel free to suggest anything that you feel should also be considered in reducing the deficit.

Essay Instructions: Tax Assignment
Part A

A US multinational company, Grape Limited, has decided to locate in Ireland. It has been decided to incorporate three companies
- a management company, which will supply management services to the other entities and receive services from a foreign service provider
- a manufacturing company to manufacture electronic parts
- a marketing company, which will market the parts for the manufacturing company.
All product sales will be to VAT-registered customers in France and Spain. In addition, the management company will provide an administration service for a sister manufacturing company located in Chile.

Prepare a report advising the Managing Director of the company on the following matters:

1. VAT registration
2. VAT group registration
3. VAT invoicing
4. Non-deductible VAT
5. Cross border services supplied and received
6. VAT section 56 authorisation (previously section 13A VAT Act 1972)


Part B

The Minister for Finance announces the Budget for 2015 on 14th October 2014.

REQUIRED

Select three tax measures relating to either VAT or Income Tax, announced in Budget 2015 and assess the measures as to whether they are equitable, the ease of implementation, the impact on the wider economy and society.