Tax Impacts
Hi
I have a few questions about tax impacts.
1. How are they calculated? Are these calculations applying prevailing tax levies? Or some other method?
2. For sales taxes -- I want to confirm my understanding: induced retail sales taxes are those pd by households (?); indirect retail sales taxes are pd by businesses for purchases made (?) and direct sales taxes . . . are those pd as a result of the new events introduced into the economy (e.g., new employment leads to more sales in the industry, which leads to more taxes).
3. Re sales taxes . . . are these just retail sales taxes? How are lodging taxes, admissions taxes, and utilities taxes categorized?
4. A few tax definitions: What is typically included among "Other taxes?" What is "severance tax"? "S/L Nontax?" Finally, for "tax on production and imports," what is the "Property tax" item -- tax on inventory? Tax on corporate real estate? Both? Can you define or refer me to a glossary or list of definitions?
I think that's it for now (I know, it's a lot).
Thank you very much
Richard Paik
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Hello Richard, 1. [url=http://implan.com/index.php?view=download&alias=222-tax-impact-report&category_slug=version-three-files&option=com_docman&Itemid=1480]Tax impact[/url]. The calculations/estimates are based off of actual collected taxes not tax rates. 2. Basically yes, the Direct taxes are those generated by the Industry Events. The Indirect are the results of the multiple rounds of business to business purchases, and the Induced are the result of Labor Income spending and the resultant rounds of income and production. 3, 4. Hopefully that article will address your questions and concerns. [url=http://implan.com/index.php?option=com_content&view=article&id=900&Itemid=1478]Please follow this link[/url] for more information about he tax reports and what each line-item on the tax reports reflects. Let us know if you have any further questions. -
Hi Ben! Thank you for your forum post! I apologize for the broken links. The link to the 1st point can be found here: http://implan.com/index.php?option=com_content&view=article&id=190 The link in the 3rd point is here: http://implan.com/index.php?view=download&alias=33-understanding-the-tax-impact-report&category_slug=internal-docs&option=com_docman&Itemid=1764 Thanks! -
Hi, I'm afraid the new links do not work for me. I have not found a link in this forum that does work. They all send me back to the home page. Perhaps this problem is unique to me. But I would very much like to better understand what the tax reports represent. Is there some way you can point me to the appropriate location. Thanks, Mark -
Hello Mark, We apologize for the inconvenience. Please find the updated links below. http://support.implan.com/index.php?option=com_content&view=article&id=190 http://support.implan.com/index.php?view=download&alias=33-understanding-the-tax-impact-report&category_slug=internal-docs&option=com_docman&Itemid=1764 Regards, IMPLAN Staff
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