Regressive taxes -these are taxes where the rate falls as income rises. The poor are called upon to make greater sacrifice than the rich.
Degressive taxes- these are taxes that call upon higher income earners to contribute less compared to lower income earners
Ivutha answered the question on October 26, 2017 at 18:50
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Explain the term TAXABLE LIMIT as used in taxation
(Solved)
Taxation
Theory of taxation
Date posted:
October 26, 2017
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Answers (1)
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Ways on how tax policy can be used to promote the growth of small and medium Enterprises (SMEs)
(Solved)
Taxation
Date posted:
October 26, 2017
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Answers (1)
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Outline the characteristics of preference shares
(Solved)
Outline the characteristics of preference shares
Date posted:
October 26, 2017
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Answers (1)
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State and explain types of preference shares.
(Solved)
State and explain types of preference shares.
Date posted:
October 26, 2017
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Differentiate between private limited companies and public limited companies.
(Solved)
Differentiate between private limited companies and public limited companies.
Date posted:
October 26, 2017
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Answers (1)
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What are the rights of a registered taxpayer under the VAT act?
(Solved)
What are the rights of a registered taxpayer under the VAT act?
Date posted:
October 25, 2017
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Answers (1)
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Give reasons for differences in financial reporting.
(Solved)
Give reasons for differences in financial reporting.
Date posted:
October 17, 2017
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Answers (1)
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Differentiate between cash basis of accounting and accrual basis of accounting.
(Solved)
Differentiate between cash basis of accounting and accrual basis of accounting.
Date posted:
October 17, 2017
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Answers (1)
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Differentiate between note receivable and Bill receivable.
(Solved)
Differentiate between note receivable and Bill receivable.
Date posted:
October 17, 2017
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Answers (1)
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Outline ways of improving a company profits and liquidity without setting extra funds.
(Solved)
Outline ways of improving a company profits and liquidity without setting extra funds.
Date posted:
October 17, 2017
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Answers (1)
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What is a flexible budget?
(Solved)
What is a flexible budget?
Date posted:
October 17, 2017
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Answers (1)
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State the assumptions of cost, volume and profit analysis.
(Solved)
State the assumptions of cost, volume and profit analysis.
Date posted:
October 17, 2017
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Answers (1)
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Discuss how organisations in Kenya react to competition and technological advances by giving suitable examples.
(Solved)
Discuss how organisations in Kenya react to competition and technological advances by giving suitable examples.
Date posted:
October 13, 2017
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Answers (1)
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What should be considered when accounting for a partnership dissolution?
(Solved)
What should be considered when accounting for a partnership dissolution?
Date posted:
October 12, 2017
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Answers (1)
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State the advantages of departmental accounting.
(Solved)
State the advantages of departmental accounting.
Date posted:
October 12, 2017
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Answers (1)
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Give the objectives of departmental accounting.
(Solved)
Give the objectives of departmental accounting.
Date posted:
October 12, 2017
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Answers (1)
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Define the term 'incomplete records'.
(Solved)
Define the term 'incomplete records'.
Date posted:
October 12, 2017
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Answers (1)
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Highlight the factors to consider when designing a capital reduction scheme.
(Solved)
Highlight the factors to consider when designing a capital reduction scheme.
Date posted:
October 12, 2017
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Answers (1)
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Highlight the circumstances under which capital reduction can occur in a company.
(Solved)
Highlight the circumstances under which capital reduction can occur in a company.
Date posted:
October 12, 2017
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Answers (1)
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What is meant by the term called up share capital?
(Solved)
What is meant by the term called up share capital?
Date posted:
October 12, 2017
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Answers (1)