Explain the purpose of a tax expenditure.
Instructions: There are 2 discussion questions. Write a 250 word response for each and include Biblical integration.
Discussion 1: (1) 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.
Discussion 2: (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.
Class book:
Mikesell,J.L (2018).Fiscaladministration:analysisandapplicationsforthepublicsector(10thed.).Boston,MA:CengageLearning.ISBN:978-1305953680.
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APA
333 words