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Public Sector & Policy (Tax Structure (Progressive tax (tax rates…
Public Sector & Policy
Government Revenue
Tax Revenue
Direct tax
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Eg; Individual income tax,corporate income tax
Indirect tax
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Eg; export & import duties, surtax such as excise,sales & service taxes
Non-Tax Revenue
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Gov commercial undertakings (sale of good & services), interest&return on investment, Licenses & permit, service fees, petroleum royalties
Tax Structure
Progressive tax
tax rates INCREASE, as taxable income INCREASE
Eg; Zack pays 15% on a taxable income of RM 20,000. When his taxable income increase to RM30,000 he pays a rate at 28%
Proportional Tax
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Eg; if Daniel's taxable income is RM10,000 he pay 10%. If his income increases RM100,000 he still pay at rate of 10%.
Regressive Tax
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Eg; Deen pays 10% when his taxable income is RM10,000, but 8% when his taxable income increases to RM20,000.
Government expenditure
Development Expenditure
Allocated to security sector,social services, economic sector.
Operating Expenditure
Consist of emoluments (wages,salaries,allowance) paid to government servants
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Maintenance,repair works& supplies to improve the provision of public services &facalitites
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