Review Note

Last Update: 07/12/2024 10:43 AM

Current Deck: opttax

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Front
Explain the following tax concepts: tax rate, tax ratio, tax and contributions ratio and government share. 
Back
Tax Rate: measure of economic tax burden.
➒ Tax ratio:π‘‡π‘Žπ‘₯ 𝑅𝑒𝑣𝑒𝑛𝑒𝑒/𝐺𝐷𝑃
➒ Tax and contributions ratio: π‘‡π‘Žπ‘₯𝑒𝑠 π‘Žπ‘›π‘‘ π‘†π‘œπ‘π‘–π‘Žπ‘™ π‘ π‘’π‘π‘’π‘Ÿπ‘–π‘‘π‘¦ π‘π‘œπ‘›π‘‘π‘Ÿπ‘–π‘π‘’π‘‘π‘–π‘œπ‘›π‘ /𝐺𝐷𝑃
➒ Government share:πΊπ‘œπ‘£π‘’π‘Ÿπ‘›π‘šπ‘’π‘›π‘‘ 𝑆𝑝𝑒𝑛𝑑𝑖𝑛𝑔 /𝐺𝐷𝑃 


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opttax:Lecture:1

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