Exam (elaborations) TAX2601 Assignment 3 Semester 2 2022 Answers, guidelines, workings and references.

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Exam (elaborations) TAX2601 Assignment 3 Semester 2 2022 TAX2601 Assignment 3 Semester 2 2022 Answers, guidelines, workings and references. laffer curve - ANS-shows the relationship between tax rates... and the amount of tax revenue collected by governments illustrates the argument that sometimes cutting tax rates can result in increased tax revenue marginal tax rate - ANS-tax rate that will apply if the tax base increases by one rand effective tax rate - ANS-determined by dividing tax liability by total profit or income income tax - ANS-capital gains tax turnover tax dividends tax other types of tax - ANS-value added tax estate duty excise duty customs duty transfer duty air passenger tax unemployment insurance fund skills development levy proportional tax - ANS-tax levied at a fixed rate for example, companies tax progressive tax - ANS-tax rate increases with the amount of money earned, income tax regressive tax - ANS-tax rate decreases with the amount of money earned, there is no such tax in South Africa [Show More]

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