Friday, February 21, 2020

Taxation Essay Example | Topics and Well Written Essays - 2750 words

Taxation - Essay Example First, the paper explores the evidence presented by Mirrlees that is applicable to welfare reform, then analyses the shortcomings of the current benefits and welfare system, the changes proposed to the welfare system, and lastly, criticisms launched by various parties to the proposed changes to the UK benefits and welfare system. The Mirrlees Review delivers a comprehensive review of tax reform drawing on new evidence, new (applied) theory, and new economic environment. The main motivation for the call for reform was a tax structure that does not work as a system (absence of joining up between welfare benefits, corporate taxes, and personal taxes); is not neutral in cases where it should be (irreconcilable savings taxes and a corporate tax system that elevates debt over equity); is not well structured where it should diverge from neutrality, and fails to attain progressivity efficiently (Auerbach 2012, p.685). The impact of taxation on work effort forms one of the core sources of inefficiency of a distortionary tax system. Labour supply models convey the trade off between work and leisure. The evidence detailed in Labour Supply and Taxes detail that the hours of are comparatively inelastic for men, and a bit responsive for married women (Meghir and Philips 2008, p.3). The participation of low education men is more responsive to the incentive to incentives than initially thought. For men with enhanced levels of education, participation is virtually responsive. The Mirrlees Review considered evidence under five headings: critical margins of adjustment to tax reform; measurement of effective tax rates; the significance of information and complexity; evidence on the size of responses; and, implications from theory for tax design (Mirrlees, et al. 2010, p.2). The review delivers empirical evidence on labour supply responses for individuals and families at both the intensive and extensive margins and by age and demographic structure;

Wednesday, February 5, 2020

Abrahams Promise by Michael Wyschogrod Essay Example | Topics and Well Written Essays - 2000 words

Abrahams Promise by Michael Wyschogrod - Essay Example This book is also an attempt by the author to bring Jews and Christians together and this he has done by raising logical questions that reflect upon their profound sameness rather than their deep differences. Kendall has not argued about the similarities or differences that Christians eagerly claim their Jewish faith roots, but he has endeavored a reason to consider that what escorts Jews to understand Christian theological concepts and why there is a need for the Christians to learn about treating minorities with dignity. This book reveals how the gap that has built over centuries should be bridged in order to gain an in depth understanding of both communities. Declaring the reason behind Gods love, Kendall points out what God expect from humans is the divine acknowledgement of their relation of their bodies with their souls, and since God believes in a free love, he has never limited humans. As a matter of fact, God himself is never limited to any particular genealogy. He had always possessed the right not to select Abrahams descendants as chosen ones or to replace his chosen ones with any other people not chosen. Kendall portrays Abraham, Issac and Jacobs God and presents before the readers a notion that God selected Israel as he loved Abraham descendants and chose them from among all groups. According to Kendall â€Å"God wanted a people who could not leave him† (Kendall, 2004: 50). For this reason Kendall points out that God favored and loved Israel in the same manner as a man loves a woman or his wife. What Kendall wants the reader to contemplate upon is the question he addresses that what caused God to choose a biological family rather than a community of faith (ibid). Wyschogrods perspective of the Jewish community is an answer to the above question, that suggests that God chose community of family is that of Abrahams descendants that elucidates Gods school of thought to