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N76 [4]
1 year ago
6

New york city, london, and tokyo are examples of ______ financial centers because of their fiscal transparency and strict tax po

licies.
Business
1 answer:
grin007 [14]1 year ago
8 0

New york city, London, and Tokyo are examples of onshore economic facilities because of their monetary transparency and strict tax policies.

Tax policy is the use of authorities' spending and taxation to steer the economy. Governments commonly use monetary policy to sell sturdy and sustainable increase and decrease poverty. The amount of money that a government requires humans to pay in step with their profits, the price of their belongings, and many others. and this is used to pay for the matters performed by way of the authorities.

Examples of this encompasses decreasing taxes and raising government spending. while the government uses monetary policy to decrease the amount of cash available to the population, this is referred to as contractionary fiscal policy.

The primary purpose of a tax is to raise revenue for governmental activities, in place of steering commercial enterprise and private decisions. monetary increase and performance The tax gadget must now not unduly hinder or reduce the efficient capability of the financial system.

The taxation machine in India is such that the taxes are levied via the central government and the kingdom Governments. a few minor taxes also are levied through the neighborhood authorities which include the Municipality and the nearby Governments. The tax bill is initiated within the House of Representatives and noted the approaches and way Committee. when participants of this committee attain an agreement about the regulation, they write a proposed law. After Congress passes the bill, it goes to the president, who can both sign it into law or veto it.

Learn more about Tax policy here:

brainly.com/question/26316390

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What is the main disadvantage of moving to e-money loading... or moving to a cashless​ society?
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So you could save money
7 0
3 years ago
Determine whether each scenario is an example of tax avoidance or tax evasion. Andrea keeps a record of all her business-related
Brums [2.3K]

Answer:

1. Tax avoidance

2.Tax avoidance

3.Tax evasion

Explanation:

Tax avoidance refers to a legal way of reducing one's tax liability through lawful deductions. Ways to reduce tax liabilities are; capitalizing on tax advantage retirement accounts, liasing with tax advisor on the legal way for tax avoidance. Tax avoidance is however legal.

Examples of tax avoidance are;

1. Andrea keeps a record of all her business related expenses.

2. Daniel claims the amount of interest paid for his mortgage as tax deductions.

Tax evasion is a deliberate attempt by a tax payer to avoid payment of tax liability. It is a fraudulent action by a tax payer to wilfully evade tax in an illegal manner. In tax evasion, income is concealed to tax authorities inorder to evade tax payment which is a criminal offence. It is to be noted that tax evasion is illegal in the eye of the law.

Example of tax evasion is ;

3. Christian did not report the tips he earned on his tax return.

7 0
3 years ago
During periods of decreasing costs, the use of the LIFO method of costing inventory will result in a lower amount of net income
gladu [14]

Answer:

b. False

Explanation:

LIFO stand for Last in First Out. This means LIFO inventory valuation is based on earlier goods purchased.

So, when costs are decreasing, they are affecting latter prices and this usually affect FIFO (First in First Out) not LIFO.

7 0
3 years ago
To succeed in building a competitive advantage, a company's strategy must aim at Select one:
7nadin3 [17]

Answer: E (Both B & C)

Explanation:

As a staff in Coca-Cola, the number one brand in the world, Externally providing buyers with what they perceive as superior value and Internally performing value chain activities differently than rivals and building resources and capabilities that they cannot readily match - is infact the main reasons Coca-Cola have stayed as the major player in the food and beverage industry.

4 0
3 years ago
Joe met with all of his department heads to listen to their opinions about buying a new machine. Although they all thought it wa
balandron [24]

Answer:

A. Democratic

Explanation:

Leadership is art of guiding & motivating a group of people to achieve a common goal.

Democracy is form of governing based on considerate importance to all people's opinion in group. It is opposite of 'autocratic' governing where leader has immense power & takes decision based on only own opinion.

Joe is considering opinion of all the members of organisation, while taking a decision of purchasing a machine. He paid attention to not only opinion of department heads, but also opinion of other employees. Despite of he & department heads perceiving it to be a good idea, employees considered it to be unnecessary. Thereafter Joe didn't purchase the machine. So, his decision encompassing all people's opinion depicts Democratic Leadership.

6 0
3 years ago
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