Public Policy finance

Question

Details: * Explain what “tax expenditure” means. (2) Explain the purpose of a tax expenditure. (3) Give one example of a tax expenditure, and explain its impact.

* Requirements: 250 words minimum initial post, 100 words minimum reply

* 1) Explain what “Value-Added Tax” (VAT) means. (2) Explain when (in what circumstances) and why a VAT is likely to be used. (3) Give one example of a VAT, and explain the process through which the VAT is imposed.
* Requirements: 250 words minimum initial post, 100 words minimum reply

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