Question Tag: Economic Development

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AT – Nov 2014 – L3 – SB – Q2 – Tax Incentives and Reliefs

Prepare a presentation discussing objectives of tax incentives and benefits in Export Processing Zones for German investors.

Question

Your firm has been commissioned by the Nigerian Business Forum to present a thirty-minute paper at a seminar organised for some German Investors who wish to establish in certain sectors of the Nigerian Economy.

The Nigerian Business Forum made your task very easy by narrowing down your submissions to the available tax incentives which may be enjoyed by business establishments within Nigeria.

Based on the discussions between the Managing Partner and the Chairman of the Nigerian Business Forum, the following areas which should serve as guide for your presentation were highlighted:

Objectives of Tax Incentives
Available Tax Incentives in the Export Processing Zones in Nigeria

The Managing Partner is currently on six weeks annual leave abroad and has asked you to review the above using the guidelines provided.

You are well trained to use Power Point Microsoft Application to present this kind of report to the select group. This means that the presentation must be outlined in clear terms because of the limited time available.

You are required to prepare your presentation to cover:
a. Introduction (2 Marks)
b. Objectives of Tax Incentives (4 Marks)
c. Tax Incentives for companies operating within the Export Processing Zone (14 Marks)

(Total 20 Marks)

Answer

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Tags: Business Establishments, Economic Development, Export Processing Zones, Tax Incentives
Level: Level 3

Topic: Tax Incentives and Reliefs
Series: NOV 2014

AT – Nov 2023 – L3 – SC – Q6 – Tax Administration and Dispute Resolution

Outline of the fundamental features of NTP 2017 and principles from the IESBA codes for professional accountants.

Question

The National tax policy (NTP) 2017, provides fundamental guidelines for the orderly development of the Nigerian tax system. Professional accountants are one of the major stakeholders that are expected to drive the tenets of the tax policy for economic development of the country. In guiding professional accountants to behave in a responsible ethical manner, the International Ethics Standards Board for Accountants (IESBA) develops and issues in the public interest, high-quality ethical standards and other pronouncements for use by professional accountants around the world.

Required:

a. Explain FIVE fundamental features as provided for in the NTP 2017, which the existing and future taxes are expected to align with. (5 Marks)

b. Identify and explain FOUR principles and guidance for accountants as specified in the IESBA codes. (10 Marks)

Answer

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Topic: Tax Administration and Dispute Resolution
Series: NOV 2023

PSAF – Nov 2015 – L2 – Q6b – Fiscal Policy and Public Finance

Discusses three allocation roles of government in developing economies to support resource distribution.

Question

Discuss THREE allocation “roles of government” in the context of a developing economy.

Answer

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Tags: Developing Economies, Economic Development, Government Roles, Public Goods, Resource Allocation
Level: Level 2

Topic: Fiscal Policy and Public Finance
Series: NOV 2015

PT – Nov 2019 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explains five purposes of taxation in a developing economy like Ghana.

Question

Economists are unanimous on the view that taxation is an essential tool for mobilizing
resources for economic development and in particular for a middle-income country such as
Ghana.
Required:
i) Describe briefly FIVE (5) purposes of taxation for an economy such as Ghana.
(5 marks)
ii) Explain the use and application of taxation as a tool of fiscal policy to stabilize the economy.
(5 marks)

Answer

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Tags: Economic Development, Economic Stability, Fiscal Policy, Purposes of Taxation, Resource Mobilization
Level: Level 2

Topic: Overview of the Ghanaian Tax System and Fiscal Policy
Series: NOV 2019

PT – May 2021 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explain five goals of public expenditures.

Question

Public expenditure can be in the form of public works and transfer payments. Public works are expenditure on durable goods, primarily fixed structures produced by the government. They include expenditure on public works such as roads, schools, hospitals, and irrigation. Transfer payments include interest on public debt, government wages and salaries, pension, insurance, and social security benefits.

Required:
Explain FIVE (5) goals of public expenditures.

Answer

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Tags: Economic Development, Fiscal Policy, Public Expenditure
Level: Level 2

Topic: Overview of the Ghanaian Tax System and Fiscal Policy
Series: MAY 2021

AFM – Nov 2016 – L3 – Q5b – Emerging issues in finance and financial management

Compare the functions of the IMF and World Bank and outline challenges faced by the IMF in West Africa.

Question

The International Monetary Fund (IMF) and the World Bank are institutions in the United Nations system. They are twin intergovernmental pillars supporting the structure of the world’s economic and financial order.

Required:
i) Compare and contrast THREE functions of the International Monetary Fund (IMF) and the World Bank. (3 marks)
ii) Explain TWO challenges being faced by the IMF in attaining its objectives in West African Countries. (2 marks)

Answer

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Tags: Economic Development, Global financial institutions, IMF, International monetary cooperation, World Bank
Level: Level 3

Topic: Emerging issues in finance and financial management
Series: NOV 2016

PSAF – Nov 2017 – L2 – Q1d – The Context of Public Financial Management

Identify the consequences of an economy without a public sector.

Question

In every economy, there exists a dichotomy of sectors: public sector and the private sector. These two sectors co-exist in every economy symbiotic fashion. Most often, the private sector is hailed for superior performance in terms of economy, efficiency, and accomplishment, leading to the view that the public sector should be done away with completely.

Required:
Identify FOUR consequences an economy is likely to face in the absence of the public sector. (4 marks)

Answer

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Tags: Economic Development, Employment, Infrastructure, Public Sector, Regional Development
Level: Level 2

Topic: The context of public financial management
Series: NOV 2017

AT – Nov 2014 – L3 – SB – Q2 – Tax Incentives and Reliefs

Prepare a presentation discussing objectives of tax incentives and benefits in Export Processing Zones for German investors.

Question

The Nigerian Business Forum made your task very easy by narrowing down your submissions to the available tax incentives which may be enjoyed by business establishments within Nigeria.

Based on the discussions between the Managing Partner and the Chairman of the Nigerian Business Forum, the following areas which should serve as guide for your presentation were highlighted:

Objectives of Tax Incentives
Available Tax Incentives in the Export Processing Zones in Nigeria

The Managing Partner is currently on six weeks annual leave abroad and has asked you to review the above using the guidelines provided.

(Total 20 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Establishments, Economic Development, Export Processing Zones, Tax Incentives
Level: Level 3

Topic: Tax Incentives and Reliefs
Series: NOV 2014

AT – Nov 2023 – L3 – SC – Q6 – Tax Administration and Dispute Resolution

Outline of the fundamental features of NTP 2017 and principles from the IESBA codes for professional accountants.

Question

Required:

a. Explain FIVE fundamental features as provided for in the NTP 2017, which the existing and future taxes are expected to align with. (5 Marks)

b. Identify and explain FOUR principles and guidance for accountants as specified in the IESBA codes. (10 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Topic: Tax Administration and Dispute Resolution
Series: NOV 2023

PSAF – Nov 2015 – L2 – Q6b – Fiscal Policy and Public Finance

Discusses three allocation roles of government in developing economies to support resource distribution.

Question

Discuss THREE allocation “roles of government” in the context of a developing economy.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Developing Economies, Economic Development, Government Roles, Public Goods, Resource Allocation
Level: Level 2

Topic: Fiscal Policy and Public Finance
Series: NOV 2015

PT – Nov 2019 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explains five purposes of taxation in a developing economy like Ghana.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Economic Development, Economic Stability, Fiscal Policy, Purposes of Taxation, Resource Mobilization
Level: Level 2

Topic: Overview of the Ghanaian Tax System and Fiscal Policy
Series: NOV 2019

PT – May 2021 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explain five goals of public expenditures.

Question

Required:
Explain FIVE (5) goals of public expenditures.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Economic Development, Fiscal Policy, Public Expenditure
Level: Level 2

Topic: Overview of the Ghanaian Tax System and Fiscal Policy
Series: MAY 2021

AFM – Nov 2016 – L3 – Q5b – Emerging issues in finance and financial management

Compare the functions of the IMF and World Bank and outline challenges faced by the IMF in West Africa.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Economic Development, Global financial institutions, IMF, International monetary cooperation, World Bank
Level: Level 3

Topic: Emerging issues in finance and financial management
Series: NOV 2016

PSAF – Nov 2017 – L2 – Q1d – The Context of Public Financial Management

Identify the consequences of an economy without a public sector.

Question

Required:
Identify FOUR consequences an economy is likely to face in the absence of the public sector. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Economic Development, Employment, Infrastructure, Public Sector, Regional Development
Level: Level 2

Topic: The context of public financial management
Series: NOV 2017

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Question Tag: Economic Development

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AT – Nov 2014 – L3 – SB – Q2 – Tax Incentives and Reliefs

Prepare a presentation discussing objectives of tax incentives and benefits in Export Processing Zones for German investors.

AT – Nov 2023 – L3 – SC – Q6 – Tax Administration and Dispute Resolution

Outline of the fundamental features of NTP 2017 and principles from the IESBA codes for professional accountants.

PSAF – Nov 2015 – L2 – Q6b – Fiscal Policy and Public Finance

Discusses three allocation roles of government in developing economies to support resource distribution.

PT – Nov 2019 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explains five purposes of taxation in a developing economy like Ghana.

PT – May 2021 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explain five goals of public expenditures.

AFM – Nov 2016 – L3 – Q5b – Emerging issues in finance and financial management

Compare the functions of the IMF and World Bank and outline challenges faced by the IMF in West Africa.

PSAF – Nov 2017 – L2 – Q1d – The Context of Public Financial Management

Identify the consequences of an economy without a public sector.

AT – Nov 2014 – L3 – SB – Q2 – Tax Incentives and Reliefs

Prepare a presentation discussing objectives of tax incentives and benefits in Export Processing Zones for German investors.

AT – Nov 2023 – L3 – SC – Q6 – Tax Administration and Dispute Resolution

Outline of the fundamental features of NTP 2017 and principles from the IESBA codes for professional accountants.

PSAF – Nov 2015 – L2 – Q6b – Fiscal Policy and Public Finance

Discusses three allocation roles of government in developing economies to support resource distribution.

PT – Nov 2019 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explains five purposes of taxation in a developing economy like Ghana.

PT – May 2021 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explain five goals of public expenditures.

AFM – Nov 2016 – L3 – Q5b – Emerging issues in finance and financial management

Compare the functions of the IMF and World Bank and outline challenges faced by the IMF in West Africa.

PSAF – Nov 2017 – L2 – Q1d – The Context of Public Financial Management

Identify the consequences of an economy without a public sector.

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Question Tag: Economic Development

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AT – Nov 2014 – L3 – SB – Q2 – Tax Incentives and Reliefs

Prepare a presentation discussing objectives of tax incentives and benefits in Export Processing Zones for German investors.

You're reporting an error for "AT – Nov 2014 – L3 – SB – Q2 – Tax Incentives and Reliefs"

AT – Nov 2023 – L3 – SC – Q6 – Tax Administration and Dispute Resolution

Outline of the fundamental features of NTP 2017 and principles from the IESBA codes for professional accountants.

You're reporting an error for "AT – Nov 2023 – L3 – SC – Q6 – Tax Administration and Dispute Resolution"

PSAF – Nov 2015 – L2 – Q6b – Fiscal Policy and Public Finance

Discusses three allocation roles of government in developing economies to support resource distribution.

You're reporting an error for "PSAF – Nov 2015 – L2 – Q6b – Fiscal Policy and Public Finance"

PT – Nov 2019 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explains five purposes of taxation in a developing economy like Ghana.

You're reporting an error for "PT – Nov 2019 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy"

PT – May 2021 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explain five goals of public expenditures.

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AFM – Nov 2016 – L3 – Q5b – Emerging issues in finance and financial management

Compare the functions of the IMF and World Bank and outline challenges faced by the IMF in West Africa.

You're reporting an error for "AFM – Nov 2016 – L3 – Q5b – Emerging issues in finance and financial management"

PSAF – Nov 2017 – L2 – Q1d – The Context of Public Financial Management

Identify the consequences of an economy without a public sector.

You're reporting an error for "PSAF – Nov 2017 – L2 – Q1d – The Context of Public Financial Management"

AT – Nov 2014 – L3 – SB – Q2 – Tax Incentives and Reliefs

Prepare a presentation discussing objectives of tax incentives and benefits in Export Processing Zones for German investors.

You're reporting an error for "AT – Nov 2014 – L3 – SB – Q2 – Tax Incentives and Reliefs"

AT – Nov 2023 – L3 – SC – Q6 – Tax Administration and Dispute Resolution

Outline of the fundamental features of NTP 2017 and principles from the IESBA codes for professional accountants.

You're reporting an error for "AT – Nov 2023 – L3 – SC – Q6 – Tax Administration and Dispute Resolution"

PSAF – Nov 2015 – L2 – Q6b – Fiscal Policy and Public Finance

Discusses three allocation roles of government in developing economies to support resource distribution.

You're reporting an error for "PSAF – Nov 2015 – L2 – Q6b – Fiscal Policy and Public Finance"

PT – Nov 2019 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explains five purposes of taxation in a developing economy like Ghana.

You're reporting an error for "PT – Nov 2019 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy"

PT – May 2021 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explain five goals of public expenditures.

You're reporting an error for "PT – May 2021 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy"

AFM – Nov 2016 – L3 – Q5b – Emerging issues in finance and financial management

Compare the functions of the IMF and World Bank and outline challenges faced by the IMF in West Africa.

You're reporting an error for "AFM – Nov 2016 – L3 – Q5b – Emerging issues in finance and financial management"

PSAF – Nov 2017 – L2 – Q1d – The Context of Public Financial Management

Identify the consequences of an economy without a public sector.

You're reporting an error for "PSAF – Nov 2017 – L2 – Q1d – The Context of Public Financial Management"

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