Explain how the corporate tax system

Explain how the corporate tax system
6. Explain how the corporate tax system could be designed to maximize world and
national incomes, respectively.

9. Another friend, who happens to be a history major, sees the formula for excess burden
under a linear compensated demand curve and remarks: “In the formula for excess
burden, the tax rate is less than one. When it is squared, the result is smaller, not
bigger. Thus, having t2 instead of t in the formula makes the size of the tax less
important.”
a. Comment on this insight by your friend.
b. What does having t2 instead of t in the formula imply for the size of the tax base,
compared to the tax rate, all else the same? equal?

10. In Thailand, researchers have found that the price elasticities for food, alcohol, and
telecommunications are -.10, -.84, and -.025, respectively. 2 a. If the goal is to raise tax revenues with the least excess burden possible, what
should should be the tax rate on alcohol and telecommunications, when the tax
rate on food is ?xed at 1% (assuming that the goods are unrelated in consumption)? Explain your answer.
b. Now if the government wants to combat alcohol addiction, how would your
answer to (a) change?

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