New Zealand has been praised for having the best system of Value Added taxation. The Goods...

New Zealand has been praised for having the best system of Value Added taxation. The Goods & Services Tax (GST) has become New Zealand’s best export to the rest of the world as other countries have adopted it. Explain why the GST has been a success story.

Solutions

Expert Solution

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

As per New Zealand taxation law- Which of the following is a taxable activity? (a) Renting...

As per New Zealand taxation law- Which of the following is a taxable activity? (a) Renting out a small commercial building in Napier for $52,000 per annum. (b) Renting out a residential house in Ponsonby, Auckland for $62,400 per annum. (c) Lending $500,000 on a mortgage on a house for $27,000 interest per annum. (d) Selling a house which you have inherited from your mother’s estate for $800,000. Which of the following transactions is fully deductible as a business expense...

Question 1 It has been suggested that in a world with only corporate taxation the value...

Question 1 It has been suggested that in a world with only corporate taxation the value of the firm = the value of all equity financed + the present value of tax shield on debt finance a. If the above equation applied, what would be the most appropriate capital structure for the company? How far do existing capital structures of companies compare with the most appropriate structure according to the equation? b. Discuss how and why the existence of personal...

A portfolio is composed of two stocks, Air New Zealand and BP. Air New Zealand has...

A portfolio is composed of two stocks, Air New Zealand and BP. Air New Zealand has a standard deviation of return of 28%, while stock BP has a standard deviation of return of 16%. Air New Zealand 40% of the portfolio, while stock BP comprises 60% of the portfolio. If the variance of return on the portfolio is .045, what is the correlation coefficient between the returns on A and B?

describe and compare the financing and organization of the healthcare delivery system in new zealand with...

describe and compare the financing and organization of the healthcare delivery system in new zealand with that of the healthcare delivery system in the United States. Key points in this discussion includes: A thorough discussion of governments role, financing/funding, who/what is covered, how it is organized, how it is accessed, quality, disparities, cost, integrated, etc. (400-5000 words respond) compare the healthcare system between New Zealand and US base in the key points on original question

For eight straight years, Apple has been recognized as having the best worldwide supply chains in...

For eight straight years, Apple has been recognized as having the best worldwide supply chains in the "Gartner Global Supply Chain Top 25" ranking. In the most recent ranking, Apple was actually classified above the ranking as a "Master (Amazon.com was the listed the number one company). The Master status recognizes the accomplishments and capabilities of long-term global supply chain leaders in the Gartner Global Supply Chain Top 25. Companies qualify for the Masters category if their score places them...

A new fuel injection system has been engineered for pickup trucks. The new system and the...

A new fuel injection system has been engineered for pickup trucks. The new system and the old system both produce about the same average miles per gallon. However, engineers question which system (old or new) will give better consistency in fuel consumption (miles per gallon) under a variety of driving conditions. A random sample of 31 trucks were fitted with the new fuel injection system and driven under different conditions. For these trucks, the sample variance of gasoline consumption was...

A new fuel injection system has been engineered for pickup trucks. The new system and the...

A new fuel injection system has been engineered for pickup trucks. The new system and the old system both produce about the same average miles per gallon. However, engineers question which system (old or new) will give better consistency in fuel consumption (miles per gallon) under a variety of driving conditions. A random sample of 41 trucks were fitted with the new fuel injection system and driven under different conditions. For these trucks, the sample variance of gasoline consumption was...

A new fuel injection system has been engineered for pickup trucks. The new system and the...

A new fuel injection system has been engineered for pickup trucks. The new system and the old system both produce about the same average miles per gallon. However, engineers question which system (old or new) will give better consistency in fuel consumption (miles per gallon) under a variety of driving conditions. A random sample of 41 trucks were fitted with the new fuel injection system and driven under different conditions. For these trucks, the sample variance of gasoline consumption was...

A new fuel injection system has been engineered for pickup trucks. The new system and the...

A new fuel injection system has been engineered for pickup trucks. The new system and the old system both produce about the same average miles per gallon. However, engineers question which system (old or new) will give better consistency in fuel consumption (miles per gallon) under a variety of driving conditions. A random sample of 41 trucks were fitted with the new fuel injection system and driven under different conditions. For these trucks, the sample variance of gasoline consumption was...

A new fuel injection system has been engineered for pickup trucks. The new system and the...

Subjects