Corporate Tax Structure Assignment Help Proportional: It is a tax system that requires same percentage of income from all taxpayers as per their earnings (Escoffier & Fortin, 2007).
Regressive: A regressive tax is a tax structure that is designed in such a manner that the tax rate decreases as the amount subject to taxation increases that is applied uniformly (Kato, 2003).
Progressive: A progressive tax structure is a tax in which the tax rates on income increases as the income increases. This tax structure is based on the concept that that taxpayer who enjoys a higher level of income should pay a greater proportion of the tax to support the government (Escoffier & Fortin, 2007).
Advantages and disadvantages of VAT There are several advantages and disadvantages of Value added tax. For instance, the government of a country can get more revenues from the VAT that helps the country in reducing the tax evasion in the country. On the other hand, VAT is simple to administer as compared to another indirect tax (Schenk & Oldman, 2007). In contrast, VAT is costly to implement and relatively complex to understand. At the same time, VAT is considered as inflationary, because when VAT is imposed on the market, it gives the opportunity for the sellers to increase the price of products that negatively affect the cost of living (Kato, 2003). Escoffier, S.D. & Fortin, K.A. (2007). Taxation for Decision Makers, 2008. USA: Cengage Learning. Kato, J. (2003). Regressive Taxation and the Welfare State: Path Dependence and Policy Diffusion. UK: Cambridge University Press. Avail business VAT assignment help from our experts. Our US and Australian assignment writing experts assure you that you will get firsy class help within the dealine.