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Question 1:
"The legitimate object of government is to do for a community of people whatever they need to have done, but cannot do at all, or cannot so well do, for themselves - in their separate and individual capacities." Abraham Lincoln [16th President of the USA]. Comment on the role of government with reference to Mauritius.
Question 2:
The budget exercise is little more than a political exercise. Discuss
Question 3:
(a) What is the underlying rationale for project appraisal in the public sector?
(b) Identify the main methods you would employ to appraise projects in the public sector.
(c) Which methods you would recommend and why?
Question 4:
(a) For what reasons would a government introduce a tax?
(b) What factors do you think a government should take into account when introducing a property tax?
The use by a corporation of the losses it continued in earlier years to compensate taxes on the profits it attains in future years. Individuals can also utilize a tax umbrella so t
1. Ben lost his job when his employer moved its plant. During the year, he collected unemployment benefits for three months, a total of $1,800. While he was waiting to hear from pr
fiduciary income calculation and other relevant calculations. Jack Green established the Jackson Trust by a gift in 1999. The trust instrument requires that the trustee (Fifth-Four
Tax Payable or Tax Credit Stuart's Guitars, which has a company tax rate of 30%, is planning to sell one of its old lathes. The machine, purchased 5 years ago for $50,000, had
Prepare answers to each of the following questions. Assume a tax rate of 30%. (i) Harry Ltd has a balance of prepaid rent in the balance sheet amounting to $100 000 as at 30 Ju
Explain in words and show in figures how a lump-sum government transfer can entice some workers to stop working ( and no one to start working) while a policy like EITC can entice s
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The following items caused the only differences between pretax financial income and taxable income. • In 2013, the company collected $90,000 of rent; of this amount, $30,000 was ea
Prepare a 2012 Schedule D, including Form 8949 and Form 4797 based on the data provided. Provide a memo summarizing any assumptions made, if any. You do not need to prepare the tax
principles of business taxation
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