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You must complete part A and part B, but you can choose to do either part C or D. Part A: Strategies to encourage the consumption – EVs Why do governments in Australia want to increase the uptake of EVs? Refer to source 2. What 3 measures would incentivise businesses to purchase electric vehicles (EVs)? Refer to source 3. To what extent do recent government actions address the issues affecting the uptake of cars by businesses…

Part A: Strategies to encourage consumption – Electric vehicles (EVs) Source 1: Reasons for promoting the consumption of EVs Vehicles play an important role in terms of contribution to total emissions. As of 2021, almost one fifth of Australia’s carbon emissions came from transportation-related activities… When used in combination with renewable energy, EVs are critical in helping reduce Australia’s carbon footprint. Source: KPMG.…

Your taskYou have 2 options.Write 2 paragraphs, orCreate a short evidence-based essayWhatever you choose, you must use evidence from the seen stimulus material. Your paragraphs or short essay should:explain why and how governments use the taxation system (tax spending, tax reductions and excise taxes) to encourage and discourage the consumption of some goods and servicesevaluate the extent to which the taxation system influences the decisions of…

Australia’s tax system can affect a number of business decisions, including the business structure to choose, whether to change a business structure as the business expands or whether to register for GST.Which business structure?The type of business structure you choose comes with big tax implications. For now, let’s look at the difference between sole traders, partnerships, and companies. Australia has a progressive income tax system for…

Part 1: Which business structure? Use the business tax calculator to complete the following table. All you need to add to the calculator is the income.   Sole trader Partnership Company Income Total tax payable (including Medicare levy) Total disposable (NET) income Average rate of tax (including Medicare levy) Total tax payable (including Medicare levy) Total…

Now that you have explored where most of Australia’s tax revenue goes, consider the following ‘what if’ scenario: Due to a rise in tax evasion, the Australian Government has to significantly cut spending on social security and welfare, education and health.  The Australian Government significantly cuts spending to pay down debt. Draw a consequence wheel on a large piece of paper. Identify one area of current government services that will be…

Taxes are a big part of our lives and the government uses them to pay for all kinds of important things, like hospitals and schools and support for people in need. Part 1: Write an explanation Write you own statement (1 or 2 paragraphs) explaining the following: How Australia’s taxation system supports individual human and financial wellbeing, communities and Australian society.   Part 2: Create a message on the value of tax…

Rules Each member of your group has a starting ‘bank balance’ of $10.00. The communal pot is a community resource. We will play 5 rounds. In each round you will decide how much to contribute to the communal pot – you can contribute all your money, some of your money or play your zero card. At the end of each round, the money in the pot will be doubled and then given back to everyone in the group in equal shares – to those who contributed…