Corporate and Global Finance
April 9, 2021
Assignment 1: You should attempt both parts to this assignment Note: you should incorporate all sections of the various Acts/regulations where appropriate. Part 1: Case study Janet (taxpayer) residing in Australia is named as the sole beneficiary
April 9, 2021

The government decides to tax cookbooks because they fell that they encourage overeating and can lead to health issues, such as obesity and heart disease. Answer the following:
what type of tax is this? explain
what happens to the supply of cookbooks?
who pays the tax at the end?
is this a good way to finance programs to improve health?
what other types of tax can the government use to increase revenues?

 

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