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Why it is important to distinguish capital expenditures from revenue expenditures for tax purpose?
Because it is important. Capital expenditure = non-deductible Revenue expenditure = deductible
What is the difference between tax elasticity and tax buoyancy?
The concepts of tax buoyancy and tax efficiency are used to measure the responsiveness of tax revenue to economic growth. Tax buoyancy is a crude measure which does not distinguish between discretionary and automatic growth of revenue. Elasticity is a preferred measure of tax responsiveness since it controls for automatic revenue changes. In this study, the buoyancies and elasticities of the major taxes in a representative developing economy, the Ivory Coast, are estimated using alternative estimation techniques and comparisons between buoyancies and elasticities are drawn. In general, tax receipts in the Ivory Coast tend to be slightly inelastic while particular taxes such as the value added tax are highly elastic. The results of the study have important policy and research implications.
Tax treatment of deferred revenue expenditure?
What Did you mean by deferred revenue tax
What is the difference between 1040a tax forms and 1040ez tax forms?
The difference between 1040a tax forms and 1040ez tax forms is that it depends on if the person is a dependent or an independent person. It also matters on how much you make.
Difference between income tax act and income tax rule?
The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.
What is the difference between direct tax and non-direct tax?
difference b/w direct tax and indirect tax
What are some examples of non tax revenues?
what are some examples of non-tax revenue
How do cities get their revenue?
Cities get revenue from taxes, primarily property taxes. A tobacco tax would be an example of a non-property tax that raises revenue.
What is public revenue in India?
The revenue received by the govt. of india from all its resouerces is know as Public Revenue. There are twi types of revenues:- 1) Tax Revenue 2) Non-Tax revenue - sub-types a) Commerrcial Revenue b)Fee etc..
Project report on Non tax revenue of Pakistan?
The project report on Non tax revenue of Pakistan categorizes Pakistan as an unstable and middle-income country. The report points out the country's high level of corruption and significant tax evasion.
What does the Laffer curve show?
The laffer curve shows that there is a level of taxation at which government revenue is maximised. It assumes that government revenue will be zero if tax rate is 100% since nobody would work and assumes that if tax rate was zero then government would receive no revenue. As such it is logical to assume that there must be a tax rate between 0 and 100 which would maximise government revenueThe Laffer curve is a graph in economics that shows the relationship between the federal tax rate, and total government revenue. If the y-axis is government revenue, and the x-axis is tax rate, the graph appears to be an upside down parabola; however, if the x-axis is govt. tax revenue, and the y-axis is tax rate, the graph is a sideways, parabolic non-function. Either way, at a tax rate of 100%, there is $0 in revenue, and at a tax rate of 0%, there is also $0 in revenue. It illustrates that at a certain tax rate, govt. revenue is maximized.
What is a non-profit tax-exempt 401 c 3 organization?
What is the main difference between Non Profit 401c and Non Profit 407
What government corporation generates non tax revenue for the government?
The Treasury Department
What government corporation genereates non tax revenue for the government?
The Treasury Department
What is the non tax revenue of tamilnadu?
Non-tax revenues cover a wide array of government revenue sources, ranging from proceeds fromthe sale of communications bandwith, to mineral royalties to interest on loans by governments to finesand penalties.
Which of these is not an example of a non tax source of revenue for state and local governments?
public schools
What is the difference between a tax-qualified and non-tax-qualified domestic partner?
A tax-qualified domestic partner is recognized by the IRS for tax purposes, allowing for certain tax benefits and deductions. A non-tax-qualified domestic partner does not meet the IRS criteria for tax benefits related to partnership.
