Principal Ways of Financing the Welfare State

Introduction In a century faced with significant global financial crises, discussing financing welfare state as an issue of urgency has become inevitable. Obscurity in the way in which welfare states are financed has significantly contributed to uncertainty about which policy alternatives are available. Scholars have expressed diverse opinions about the financing mechanisms of the welfare […]

Levy Tariffs On Imports In USA

The government has various ways of collecting its revenue, domestically; it is collected through government bonds, treasury bills and levied taxes. The government through its revenue collection agency levies taxes and duties on various services and commodities sold. This is either through income taxes where workers both in the government and established private companies and […]

Impacts of the Implementation of Australia’s “Carbon Tax”

Introduction The increased need for environmental sustainability within the global perspective has made countries to adopt robust strategies. The effects of global warming and high production levels of carbon have particularly drawn a lot of interests. Countries have extensively debated on the growing concern. Evidently, there have been development and ratification of several policies that […]

Carbon Tax

Introduction Several countries practice robust environmental management strategies. There is an urgent need to observe global environmental sustainability. Several protocols and treaties advocate for environmental conservation. This trend is presently notable within the global context. Generally, a higher level of economic development is vital. This is because it results into the advancement of the human […]

Personal Income Tax

Introduction Across the world, governments tax people’s income in order to generate revenue for economic development of nations. It is imperative to note that income tax revenues constitute the biggest percentage of the revenue generated by the government. For instance, in Canada, the biggest share of government revenue comes from personal income at 75% compared […]

Superannuation and Tax

Introduction This is a detailed report on superannuation and tax implications on SMSF (self managed super fund).Superannuation is a project or rather a system that is used in Australia with the aim of securing the old people and their plans in terms of investments. This is where a regular or a repetitive payment is made […]

Fraudulent accounting and tax evasion

In the recent past, high profile cases due to fraudulent accounting and tax evasion have led to substantial changes in the regulations of corporate governance and accounting (Crocker & Slemrod, 2005). Fraudulent accounting and tax evasion has been established as an avenue through which corporations can increase their profits and as such requires increased regulation […]

Social Security in the United States

Social security in the U.S is the most significant income program available for the elderly. However, United States ranks 26th compared to Greece which ranks 3rd in the replacement of the prior earnings. Despite this great variance, Greece has recently had its national debt restructured by the European Union to avoid bankruptcy. The following discussion […]

Government spending and tax legislation signed by the president

Introduction Fiscal policies can be described as policies that governments implement to stimulate their economies. Every government tries to spend within its revenue limit. In fact, rarely do governments spend beyond their income. However, United States has been spending more than its revenue since 1969. This is mainly because it pays interest on the loans. […]

UK Taxation System

In 2008-2009 total UK government receipts have been 37.3% of UK GDP. This is as same as approximately £ 10,900 for every adult or £ 8,900 per person in the UK. The big sources of revenue for the government are Income Tax, National Insurance contributions and VAT (Stuart and James, 2009). The Tax System Income […]

Persuasive Piece

Introduction A white paper is an authoritative report or a persuasive piece that is written by government by interest groups and government agencies to influence government policies and legislature. White papers are usually formulated to address specific issues or problems that exist in government policies or laws. White papers are formulated to educate the general […]