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vazorg [7]
3 years ago
7

The commissioners for Walker County are actively negotiating with Falcon Industries regarding the location of a new manufacturin

g plant in the area. As Falcon is considering several other sites, a "generous tax holiday" may be needed to influence the final choice. The local school district is opposed to any "generous tax holiday." a. What would probably be involved in a generous tax holiday? In this case, the "tax holiday" probably concerns exemption from ________. b. Select either "True" or "False" to indicate why the school district would oppose a generous holiday tax. • Due to the erosion of the tax base, less revenue would be forthcoming to the school district. • The school district would only get a percentage of the tax holiday funds. • New workers would mean new families and more children to educate.
Business
1 answer:
Inessa05 [86]3 years ago
5 0

Answer:

Explanation:

The local school district will be opposed to any "generous tax holiday" because

A. What would probably be involved in a generous tax holiday? In this case, the "tax holiday" probably concerns exemption from Tax.

A tax holiday is granted by the government as an incentive to businesses that offers a tax reduction or elimination.

B. Select either "True" or "False" to indicate why the school district would oppose a generous holiday tax.

• Due to the erosion of the tax base, less revenue would be forthcoming to the school district. True

In accordance with the definition of a tax holiday which means reduction or elimination of Taxes, the school district will be in opposition to granting a tax holiday because it will amount to a reduction in revenue.

• The school district would only get a percentage of the tax holiday funds. False

This assumption and conclusion is not a possible deduction from the information in the scenario,  however in the case that the tax holiday implies a reduction in tax payable, that will lead to only receiving part of what would have been expected as tax revenue.

• New workers would mean new families and more children to educate.

False

This assumption and conclusion is not a possible deduction from the information in the scenario and has no bearing with the meaning of a tax holiday.

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