The theory of comparative advantage helps to explain whyprotectionismis often counterproductive. While a country can use tariffs and other trade barriers to benefit specific industries or interest groups, these policies also prevent their consumers from enjoying the benefits of cheaper goods from abroad....
Learn about the ability-to-pay principle of taxation. Understand how the ability-to-pay principle is applied and how it works in a progressive tax system. Updated: 11/21/2023 Table of Contents What is the Ability-to-Pay Principle of Taxation? Understanding the Ability-to-Pay Theory ...
They have a complex structure, usually needing the formation of an offshore trust and a reliable investment manager or broker. They also require large opening deposits of at least USD 500,000 or more. They are ideal for high-value investors who want maximum returns and protection for their we...
The conventional wisdom in economic theory is that the generosity of unemployment insurance (UI) benefits has strong positive effects on unemployment rates. This is the prediction of most theoretical models of the labor market. High unemployment benefits depress both the supply and the demand for lab...
“This landmark reform aims to provide comprehensive protection to all Moroccans, prioritizing those with the greatest needs, while eschewing any kind of multi-tiered system with different levels of coverage according to class or social status which tends to be the norm in this part of the...
Protectionist policies before the Depression had, at the very least, ignored the economic wisdom of comparative advantage through free trade, a theory advanced by, among others, English economist David Ricardo (1772-1823) in Principles of Political Economy and Taxation, published in 1817. ...
Norway, whose economy is very reliant on sea related industries such as oil and gas, sea fisheries and aquaculture may have less interest in high levels of biodiversity and more interest in the protection of juvenile commercial fish species for example. Examining the interacted non-random parameter...
The updated results reported in this present paper can be used to offer a ground theory for the relationship between profitability and working capital management. When firms can optimize the management of working capital, we can reach an efficient working capital that helps firms improve the return...
The government yields its income from taxation and spends it for public consumption, such as transport infrastructure, schools or the health system. As all sectors and end users are interconnected (due to the underlying input-output structure), localized interventions in one part of the model (e...
capital gains reinvested in an Opportunity Fund. The basis is increased by 10% if the investment in the Opportunity Fund is held by the taxpayer for at least 5 years and by an additional 5% if held for at least 7 years, thereby excluding up to 15% of the original gain from taxation. ...