Efficiency was the guiding light for Milton Friedman, the Chicago School economist who advised President Richard Nixon to advocate for a guaranteed annual income. The idea was quite similar to UBI, providing a minimum base of money through the income tax system. This was Friedman’s “single mos...
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(3). Out of 38 ADB regional members, Central Asian countries and island countries in the Pacific are excluded from the above Table. Four countries in South Asia, that is, Afghanistan, Bhutan, Maldives and Nepal are not included in the sample because of unavailability of data or too small ...
South Africa has implemented mandatory insurance for civil servants and is proposing now to pursue a universal health system by introducing a National Health Insurance Fund (NHIF) to be funded through increased tax funds. However, many political and practical hurdles are still to tackle (McIntyre ...
@Bhutan - I have to say that I agree with what you said about bonds, but a lot of people like the tax free set income. For example, if you invested $1,000,000 in municipal bonds at a 5% yield you would earn an annual tax free income of $50,000. This is hard to beat. I ...
Question 46: I am supplying services to Nepal/Bhutan and receiving consideration in INR. Will I have to pay IGST on such supplies? Answer:Supply of services to Nepal/Bhutan for which consideration is received in INR have been notified as exempt. Therefore No tax is required to be paid. ...
@Bhutan- I think that the Giffen effect is also interesting. With the Giffen effect the typical laws of economics are not followed with this principle. For example, if a person living in poverty buys a gallon of milk for $4 he or she will still buy the gallon of milk even if it is...