Reference no: EM132601222
In our section on fiscal policy we examined the main sources of the federal government's revenues, personal income taxes, corporate taxes, indirect taxes and interest income. We have examined the supply side effects of taxes and looked at the tax wedge, acknowledging that the experience in the USA during the Regan/Bush Sr. administrations did not lead to the promised increase in tax revenues.
Earlier in the course students raised questions over the increase in taxes in order to pay back the deficit arising from the COVID-19 Pandemic. There is public discussion of what types of taxes may be raised when it is appropriate to do so. I have selected two items for your consideration. I have placed both in our week 13 folder.
The first is a very short report issued by the Parliamentary Budget Office on a wealth tax and the second is an opinion piece from MacLean's Magazine regarding a COVID-19 tax and repayment fund by Trevor Tombe of the University of Calgary. For those of you who are interested the Canadian Centre for Policy Alternatives released July 21, 2020 the Alternative Federal Budget Recovery Plan that outlines some taxes in the section on tax fairness.
For discussion:
How would you describe your position on the Canadian federal government budget deficit and the federal government debt now as compared to prior to the section on fiscal policy? For example, have you changed your thinking? Are your less concerned or more concerned now about the Canadian federal government debt and Federal 2020 deficit? What factors have influenced your position?
Some follow up questions that may help you form a position are:
-Had you thought much about the debt to GDP ratio?
-Do you feel more informed and therefore more aware of the issues and magnitude of the situation?
-Does the fact that historical government debt loads have been reduced reassuring?
-Are you intrigued by some of the suggestions for taxes to pay down the debt in the future?
-Were you already fairly informed on the issues and have not changed your position?
-Are you starting to question some of your assumptions about the deficit?
-Are you wondering about the viability of paying down the debt in the future given the changing structure of the economy?
|
Contrast the tools of financial statement analysis
: What does financial statement analysis mean and for what purpose the managers need it? Compare and contrast the tools of financial statement analysis.
|
|
What interest coverage ratio would be
: Earnings after Interest and Tax is Birr 20 crore, interest is Birr 4 crore, Income Tax is Birr 16 crore, Interest Coverage Ratio would be
|
|
Draw er diagram that represents the business rules
: Draw ER Diagram that represents the following business rules and Explain the differences between user views, a conceptual schema, and an internal schema
|
|
What the concepts of present value and future value are
: If you have Birr1000 and you plan to save it for 4 years with an interest rate of 10%, find what is the future value of your savings?
|
|
Historical government debt loads
: In our section on fiscal policy we examined the main sources of the federal government's revenues, personal income taxes, corporate taxes
|
|
Why institutions might be reluctant to move their it
: Discuss in 600 words, why institutions might be reluctant to move their IT to the cloud. Consider a specific industry like education, medicine, military, etc.
|
|
Why is consumer confidence and important indicator
: Why is consumer confidence and important indicator? What is the likely effect of the change in consumer confidence on the economy?
|
|
Explain a situation where using a keyloggers may be used
: Keystroke logging, often referred to as keylogging or keyboard capturing, is the action of recording (logging) the keys struck on a keyboard.
|
|
Ability of bank to create money
: How would it affect the ability of bank to create money if the reserve ratio decreased to 5%?
|