Purchase Solution

The strengths of taxation

Not what you're looking for?

Ask Custom Question

Analyze various methods of government financing in their budget, and provide a synthesis of the strengths and weaknesses of these methods, as well as their long term effects.

Purchase this Solution
Solution Summary

This solution gives you a detailed discussion on Public Finance

Solution Preview

Step 1
The first method of government financing is taxation. The strengths of taxation are that it is anti-inflationary, has redistributive power, and can be used to directly finance welfare schemes. The main advantage of taxation is that it can be imposed on those who can afford it.

The disadvantages of taxation are that when there is indirect tax, it is regressive. Taxation is politically unpopular and at higher levels creates a disincentive to work.

The long-term effect of taxation is that funds for ...

Purchase this Solution
Free BrainMass Quizzes
MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

View More Free Quizzes
Related BrainMass Solutions

  • Business Organizations

    There are six different types of organizations that we consider The sole proprietorship: The strengths include the ease of starting the business, there are no forms that need to be filled, the identity of the business is not different from that of the

  • Knowledge of Accounting

    Knowledge of GAAP principles, taxation and audit helps the owner and his managers to comply with laws and regulations pertaining to financial reporting, accounting and taxation in the organization.

  • Business Plan

    Proprietorship: Strengths: There is ease of formation and complete control over the operations. The tax authorities do not treat it as a separate entity and there is no double taxation.

  • Marketing Risks Assessment of China

    Competitive risks can be managed by analyzing the competitors, and matching the strengths of your product with the weaknesses of their products. The solution discusses the marketing risks assessment of China.

  • Aristotle's five types of political oratory

    An example of this might be in the debate over taxation today.

  • A eulogy for the Roman empire

    The causes of its demise are attributed to a decline in money from the government based on high taxation and unequal distribution of money between the rich and poor classes.

  • Entity Business Plan

    Sole proprietorship: Strengths: The greatest strong point for this form of business is the ease of formation, freedom to decide, flexibility and no double taxation.

  • SWOT analysis

    - What areas has the organization excelled in the most? By answering these questions, a clear view of the strengths of the nonprofit organization is clear and can be built upon.

  • Tax Bases, Budget Financing, Budget Deficits

    Analyze various methods of government financing in their budget, and provide a synthesis of the strengths and weaknesses of these methods, as well as their long term effects. 3.

View More Related Solutions