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Explore the FRCS website and answer the following: a) Outline the purpose of the Tax Administration Act b) What are some of the latest legislative
Explore the FRCS website and answer the following: a) Outline the purpose of the Tax Administration Act b) What are some of the latest legislative changes? c) What is the purpose of Practice Statements? d) What services does FRCS offer to Practitioners? e) Outline 5 highlights from the recent budget announcement? 2. Public expenditures are vital to boost the economic growth of a country and this can be possible through taxes. Explain this statement. 3. Discuss how Fiji's tax policy reforms are considered to be consistent with best global practice. 4. There are many design issues that needs to be taken into consideration when implementing income tax. Discuss in detail some of the design issues which needs to be considered before adopting and implementing a tax model. 5. Which type of tax system has Fiji adopted and why? 6. In order to make an effective tax policy, the government needs to consider various factors. Discuss these factors in some detail. You may use illustrative diagrams. 7. Discuss what are taxes and is it the same as fines and penalties and other regular commercial payments? Explain. CASELAW SCENARIOS 1. Sophia and her husband Jason intend to obtain a mortgage from the
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