Group items tagged

The British government promised not to raise any income tax, believing that the British labor would "rebuilt the economy, renew the society, and restore trusts in politics." This topic is relevant to this week's topic because delaying the tax increase is a type of deregulation. The consumer are likely to buy consumer goods before a leap in the tax rates occur and the extension of income tax delay would probably contribute to a small increase in AD since the disposasble income remains the same. The expectation of increase in tax rate would induce consumer to buy more product before the actual rise.

This article is talking about the UK's labour party wanting to rebuild the economy because the conservative party does not think that they deserve a fourth term. This article links to this week's subject because the labour party promised to keep 'business tax as low as possible' to give maximum protection to frontline public services.

This article talks about Paraguay's tax policies, as it is one of the few countries in the world with no income tax. In addition, it looks like that won't change anytime soon. Lugo claims that such tax would help lowering the crime rate in such dangerous country; however, it seems that senators do not want to pay such tax.

This article is about the need for higher tax rates to cut government deficit. The tax hike needed would be the equivalent of raising the basic rate of income tax from 20p to 26p on the pound. Tax rises do not all necessarily need to come in the form of income tax, but this is the amount needed.

This article exemlpifies the positive impacts with the utilization of a higher tax revenue.

This article relates to the topic of income tax because it is talking about the different parties in the English government will change the income tax to please the public.

This article discuss on the argument of whether or not to impose higher tax rates on the upper class of the economy.