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When the government lowers the income tax to stimulate the economy it is an example of what kind of policy?
monetary policy
What does fiscal policy involve?
spending levels and tax rates to monitor and influence a nation's economy
What effect did ford's economic policy have the economy?
President Ford's economic policy had a negative effect on the economy. He first called for tax increases then for tax cuts which sent the country into a recession.
What is the role of taxation in the economic development of Nigeria?
The role of taxation in economic development is same for all the countries. This is as we know the basic resource of generation Govt. Revenue. If the Revenue of govt will increase she will automatically spend it on the development of a country. Same is the case with Nigeria also.
What is discretionary fiscal policy and built in stabilizer?
built in stabilisers also known as automatic stabilisers/non-discretionary fiscal policy that automatically adjust for cyclical upswing and downswing imbalances in the economy. they are a form of fiscal policy which auto-adjust the economic imbalances without any form of intentional/discretional intervention of policy formulators. this id contrary to the discretionary fiscal policy, which involves active involvment of policy makers through the intentional use of tax and expenditure to regulate the economy.
Importance of the tax policy?
Tax policy is important as it dictates how government generates revenue to fund public services, redistribute wealth, and regulate economic behavior. It can incentivize or disincentivize certain behaviors or activities, influencing individual and business decisions. A well-designed tax policy can promote economic growth, social equity, and government stability.
When the government lowers the income tax to stimulate the economy it is an example of what kind of policy?
monetary policy
What is tax rationalization?
Tax rationalization is basically, restructure in the tax policy to increase the efficiency. This restructure may lead to an expansion or reduction in tax policy or an alteration of strategy to increase economy, growth and human welfare.
What has the author Lawrence H Summers written?
Lawrence H. Summers has written: 'Tax Policy and the Economy , Volume 3 (Tax Policy and the Economy)' 'Tax Policy and the Economy, Vol. 2' 'Taxation and the structure of labor markets' -- subject(s): Effect of taxation on, Labor market, Mathematical models 'Investing in all the people' -- subject(s): Congresses, Economic aspects of Education, Education, Educational equalization, Women 'Renewing The Atlantic Partnership' -- subject(s): International Security, North Atlantic Treaty Organization, Foreign relations 'Tax Policy and the Economy, Vol. 3'
What is the positive impact of tourism industry on the economy?
Increased tax revenue, and increased revenue of firms
What is the prospect of value added tax in Nigeria?
What is the prospect of value added tax in Nigeria?"
What has the author Peggy B Musgrave written?
Peggy B. Musgrave has written: 'Tax Policy in the Global Economy'
What does fiscal policy involve?
spending levels and tax rates to monitor and influence a nation's economy
What effect did ford's economic policy have the economy?
President Ford's economic policy had a negative effect on the economy. He first called for tax increases then for tax cuts which sent the country into a recession.
What do you mean by policy?
Fiscal policy refers to the use of government revenue collection and expenditure to influence the economy. It is the means to which a government adjusts its tax rates and spending levels.
How do federal agencies impact the economy?
They require funding from tax revenue to provide things such as law enforcement and office personnel for agencies.
What has the author Joseph J Cordes written?
Joseph J. Cordes has written: 'The impact of tax and financial regulatory policies on industrial innovation' -- subject(s): Economic policy, Industrial Research, Research, Industrial 'Encyclopedia of Taxation & Tax Policy'
