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Predict the effects of pollution permits on poor, less-developed areas like Brazil's "valley of death."
The pollution permits have a negative effect the valley of death areas because it
1. It is so difficult to tell or know the number of permits to issue to the industries that have applied because it may allow too many industries in a small area thereby increasing pollution levels
2. It is also hard to quantify the pollution levels and also the chance of falsifying the pollution levels is high
3. The Administration costs of implementing the policies of controlling pollution is very high
Assess the effectiveness of incentive programs on manufacturers in less-developed areas.
Incentive
Example
ADVANTAGES AND DISADVANTGES
Reduction of Pollution Charges and Taxes
Pros: It helps stimulate technology to a higher level
And also important when damage per unit varies with the quantity of pollution
Cons: It requires real monitoring data for the sake of correct reporting
Input or Output Tax and fees
Pros: It is simple to manage and doesn't require monitoring data
Cons: It is uncertain environmental effects
Marketable Permits
Pros: provides control or a limit to pollution levels since it is easy to quantify levels of pollution
Cons: potentially high transaction costs; requires variation in marginal control costs
Based on your assessment, provide an argument in support of either pollution permits or incentive programs.
Determine taxable income before considering expense.
Prepare a tax research memo to the file that addresses the issues you feel are most relevant to Mimi's various issures.
Explain what is meant by income by ordinary concepts
Identify the tax issues that are raised and the relevant sections of the legislation. Identify any cases and other sources of law or information that apply.
Calculate Carolines taxable income
Show the tax issues that are raised and the relevant sections of the legislation.
Brief statement in your own words of the facts of the cases.
Prepare the C Regular Corporation Tax Return for the Lawson And Norman Enterprise
Advise the participants in the ‘barter' system of the income tax implications, if any, of participating in the system.
Discuss- A tax on cigarettes is a good way of raising tax revenue for the government
Prepare the required journal entry to record the tax expense
Calculate Barb's taxable income? What nonrefundable credit is Barb eligible for based on the information you have?
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