What you think should be the first move in tax law

Assignment Help Taxation
Reference no: EM131014146

Question:

"The Conservatives have disfigured the Canadian tax system, plundering it to enrich their political supporters and stripping it down so that it can't be used to create the kind of socially advanced society that Canadians aspire to. Undoing the damage won't be easy.

It will start with recognizing that the tax system is instrumental in any coherent plan to build the social programs and public infrastructure that are central to a truly democratic and inclusive society."

The quote online at https://canadiandimension.com/articles/view/robbing-the-poor-to-give-to-the-rich keeps the new Prime Minister Trudeau up at night.

As he is very busy, he wants you to write up in no more than 500 words what you think should be the first move in tax law and policy to be made by his government to start undoing the damage.

In addition, as he appreciates clear thinking, he wants your note to start with the policy option in tax law and policy that you recommend followed by counter-arguments against your policy option and then arguments for your policy option that address the counter-arguments before stating why now is the time to make that particular first move.

Moreover, as the new Prime Minister wants his government's response to be grounded on evidence, he wants you to argue your policy option in tax law and policy based on not only normative ideals but also empirical evidence, especially on the distributional outcomes.

Above is the question provided by professor. How would you help me in that?

Verified Expert

The solution relates to the laws relating to the Conservatives that have disfigured the Canadian tax system and plundering it to enrich their political supporters and the assignment provides the first move in tax law and policy to be made by the government to start undoing the damage. The assignment has been prepared in 500 words.

Reference no: EM131014146

Questions Cloud

What is the political message of each movie : Compare and contrast the following three movies: Dr. Strangelove, All the President's Men, and Norma Rae. Discuss the political content of these films. What is the political message of each movie
How environmental conditions caused the town : Explain what changing environmental conditions could have caused the shutdown of the power station -  How do you think the changes in the environment affected the operations of a vegetable farmer?
Perform bonferroni or another multiple comparisons procedure : In a similar manner, two loaves were stored for three, ?ve, and seven days before measurements were taken. The units are milligrams of vitamin C per hundred grams of ?our (mg/100 g).10 Here are the data:Explain why it is inappropriate to perform ..
Explain the appropriate use of human subjects in research : From your readings and additional exploration of the Internet concerning ethical social science research: Explain the appropriate use of human subjects in research
What you think should be the first move in tax law : What you think should be the first move in tax law and policy to be made by his government to start undoing the damage.
How does the idea of a metropolitan region change : What is a city and how might cities today be different from cities of the past? Are there different types of cities? How does the idea of a metropolitan region change how we think about cities
Why is it so important to formulate strategies : Why is it so important to formulate strategies in this specific order? Provide an example of each category of strategy formulation for discussion
What were the units of analysis : What were the units of analysis? Were they appropriate for the research question? Was the study design cross-sectional or longitudinal? Was a sample or the entire population of elements used in the study
Write a paper that analyzes the theme of redemption : How the theme of redemption is presented within the Pentateuch How this theme fits within the story line of the Bible

Reviews

Write a Review

Taxation Questions & Answers

  What is the definition of a marginal tax rate

Quiz on "How Can Scandinavians Tax So Much?" by Kleven (2014), What is the definition of "means test"? What is the definition of a marginal tax rate? What is the definition of earned income tax credit (EITC)

  Discuss the role auditors played

Discuss briefly the accounting irregularities found in ENRON and HIH's corporate collapse. Also discuss, the role auditors played and how they could have helped to avoid these collapses.

  Advise alpha of the income tax

Advise Periwinkle of its FBT consequences arising out of the above information, including calculation of any FBT liability, for the year ending 31 March 2014 and how would your answer to (a) differ if Emma used the $50,000 to purchase the shares h..

  Company mission statement

Company Mission Statement

  Calculate the taxable income of durban dry distillers

Calculate the taxable income of Durban Dry Distillers Ltd for the year of assessment ended 31 December 2009. Your calculation should start with profit before tax amounting to R5 million.

  Determine which of several interest expenses paid by frank

Determine which of several interest expenses paid by Mr. Frank during the year are tax deductible and which are personal, nondeductible expenses.

  Define debt-financed income with respect to unrelated debt

Define each of the following with respect to unrelated debt-financed property. Debt-financed income. Debt-financed property. Acquisition indebtedness. Average acquisition indebtedness. Average adjusted basis.

  What tax issues should harold and betty consider

Yung receives a scholarship to pay for his tuition, books and fees. He works on campus, earning $4,000 a year. What tax issues should Harold and Betty consider?

  For a liquidating distribution-outline the tax consequences

For a liquidating distribution-outline the tax consequences and for an operating distribution, outline the tax consequences

  Define assessable income and loss or outgoing

Case Law, Taxation Office Rulingsand other sections of the ITAA97 and ITAA36. You are required to address under separate headings the underlined words in the course of your explanation.

  Income tax

How much income tax can Roy and Brandi save if they get married in 2015 and file a joint return

  In your answer you should include but not necessarily be

in your answer you should include but not necessarily be limited to the followingi a brief statementin your own wordsof

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd