Standard RESUME COVER LETTER Format

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  • Interest Received in cash 2000
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So, even in addition to the constitutional issue, you can want seek advice from one’s own values in order to determine which seems preferable. Does one want the effective taxes rate to be modified when normal rates of come back change automatically? Year Does one value asset value changes in the past, or only about current value?

Flat rate structure – Over the labor income piece, the VAT would have a flat rate structure, while the consumed income tax could have a nonlinear rate structure. But this is situated outside the proposal’s distinctive features. Transition issues – Lots to analyze here, although I won’t attempt it at present.

Liquidity issues posed by both taxes – A number of the taxpayers who have been necessary to remit either tax might face liquidity issues. E.g., imagine (counterfactually) that Apple not only suffers huge losses in confirmed year, but is strapped free of charge cash also. Apple remitted it under the securities tax, or shareholders remitted it under the complementary tax. Apple to pay out a dividend to the shareholders in the amount of the tax.

Not just liquidity issues but also principal-agent issues will make this choice consequential to the parties. Owned-occupied casing and consumer durables – These could go through the complementary taxes easily, assuming a political and policy determination to do so. The main question posed would be how to adjust “basis” from yr to year. Should it appreciate even though the owner is presumably generating an imputed return by reason of asset use?