Aassignment One (30 credits version) (a) Explain the use of the terms ‘efficiency’ and ‘equity’ in relation to taxation. You should use examples of individual taxes to illustrate your analysis. (60 marks)
(b) To what extent is there a conflict between efficiency and equity?
How might this be minimized? (40 marks)
Explain and illustrate your answer in no more than 2,500 words.
This limit includes tables and captions but excludes footnotes, endnotes, tables of figures and references. Answers that exceed this limit will result in a loss of marks. Full details of penalties for late submission, exceeding the word limit and other information can be found at the end of this assignment.
Your assignment should be submitted via the Virtual Learning Environment (VLE) to The Centre for Financial and Management Studies no later than 17th May 2022. Full instructions are available on the VLE. Student Assignment Guidelines
This assignment relates to the learning materials in Unit 2 on optimal tax theory and Unit 3 which deals with income and wealth inequality and tax and public policy together with relevant course readings.
Your answer to part a should define and explain the use of the terms efficiency and equity in relation to taxation, and you should use specific examples of individual taxes to clarify your analysis. For part b you should examine both the degree to which there is a conflict between efficiency and equity in taxation and how this might be reduced
. Your assignment must be properly referenced. Further information on referencing (ie the Harvard system) is available in Studying at a Distance by Talbot on the Virtual Learning Environment. Plagiarism All assignments submitted must be your own work and written in your own words.
you have used quoted material, you must make full reference to it. You must cite all references used throughout your work at the end of your assignment. Advice on what is classified as plagiarism and the action taken against this can be found in the University of London Regulations and on the Virtual Learning Environment.
Submitting
Assignments Students are required to submit their assignment in one place only on the Virtual Learning Environment using TurnItIn, the plagiarism detection software. Instructions on how to do this can be found on the Virtual Learning Environment on your module assignment page.
Please see the information below for the current policy on penalties. IMPORTANT INFORMATION Late SubmissionAssignments submitted after the published deadline will be penalised. Marks will be deducted at a rate of two marks per working day (ie Mon-Fri, and a maximum of 10 marks for up to one week after the deadline). Assignments will not be accepted or marked beyond seven days after the deadline. If the submission deadline beyond seven days is missed, students must re-enrol for the course and submit all outstanding assignments.
There is no procedure for extensions.
Penalties for late submission of assignments (ie up to seven days from the deadline) may be waived if all the following conditions are met: ?
Immediate, unexpected or unforeseen difficulties. Such difficulties may include: illness, bereavement, impact of disability, sudden and severe change in personal circumstances. ?
The impact of such difficulties will be of a significant and unavoidable nature. ?
The request must be accompanied by relevant documentation (eg medical certification). Word count & Over length Assignments Tutor Marked Assignments should be 2500 words in length
