BU111 Lecture Notes - Lecture 19: Progressive Tax, Regressive Tax
19
BU111 Full Course Notes
Verified Note
19 documents
Document Summary
Affects uncertainty, risk, and constrains/costs faced by firm. Discuss the factors involved in conducting business internationally. Identify the four conditions that lead to national competitive advantage and explain how/why the do so. Explain some of the ways in which social, economic, and political factors act as barriers to international trade. Explain how free trade agreements assist world trade. Potential opportunity for business as the customer is big and not going out of business. Because they are so big, potential downward pressure on price. Canada post vs. ups and fedex, cbc vs. ctv and citytv. Promotes competition (competition act), innovation (ip rights), consumers (hazardous. Protects social goals (education, health care) and protects the environment (canada water. Business taxes always lower than personal income tax because lower taxes encourage growth, create jobs and stimulate the economy. Also, low taxes encourage businesses to operate here. Regressive tax that applies equally to everyone, like hst.
