Question

determine sources of local government revenue in Cape Town.

determine sources of local government revenue in Cape Town.

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The primary sources of local government revenue in Cape Town are as follows:

  • Inter governmental transfers - The state government pays the local governments so that they may function smoothly. This accounts for a large chunk of their revenue.
  • Taxes - Local governments also collect large amounts of money from property taxes. Sales taxes contribute the next major revenue for them. Individual income taxes are a very small portion of their revenue.
  • Charges and fees - They also levy charges and fees on many subjects which add to their revenue.
  • Property and land on lease
  • Documentation of birth, death, marrriage certificates etc
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What are the major funding sources for the federal government, and state and local government? Please...
What are the major funding sources for the federal government, and state and local government? Please discuss major differences between federal government and state and local government financial sources. Also, how it is possible for the federal debt to increase in a year when the federal government has a surplus?
The sources of revenue for the government are as follows except: a- Individual taxpayers b- Direct...
The sources of revenue for the government are as follows except: a- Individual taxpayers b- Direct relation between taxes paid and services provided c- Grants and transfers d- Involuntary taxes
The government of Bassaland is looking for new revenue sources. It is considering imposing an excise...
The government of Bassaland is looking for new revenue sources. It is considering imposing an excise tax on two goods: palm wine and diapers. If the price elasticity of demand for the goods are -0.47 and -1.89 respectively, which good should it tax if the goal is to raise revenue? If the government wants to tax only one good, which good should it tax if the goal is to discourage consumption? 50 words minimum.
The government of Bassaland is looking for new revenue sources. It is considering imposing an excise...
The government of Bassaland is looking for new revenue sources. It is considering imposing an excise tax on two goods: palm wine and diapers. If the price elasticity of demand for the goods are -0.47 and -1.89 respectively, which good should it tax if the goal is to raise revenue? Explain your answer. If the government wants to tax only one good, which good should it tax if the goal is to discourage consumption? Explain your answer.
A town requiring 2.0 m3/s of drinking water has two sources, a local well with 15...
A town requiring 2.0 m3/s of drinking water has two sources, a local well with 15 g/m3 nitrate (as N) and a distant reservoir with 5 g/m3 nitrate (as N). What flow rates of well and reservoir water are needed to meet the EPA drinking water standard [maximum contaminant level (MCL)] for nitrate and minimize the use of more expensive reservoir water?
Identify the main sources of revenue for and the largest expenditures made by federal, state, and...
Identify the main sources of revenue for and the largest expenditures made by federal, state, and local governments.
Respond to the following in a minimum of 175 words: Identify the main sources of revenue...
Respond to the following in a minimum of 175 words: Identify the main sources of revenue for and the largest expenditures made by federal, state, and local governments.
Assume a local government has determined they will increase taxes in order to raise revenue to...
Assume a local government has determined they will increase taxes in order to raise revenue to support their capital improvements plans. Contrast and compare the merits of increasing property taxes versus sales taxes. Consider the various taxes which affect public budgeting in your response.
Although the government from the state to the local level is clearly unitary, local finance is...
Although the government from the state to the local level is clearly unitary, local finance is very diverse, with many local levies and revenue streams. Should states abolish all local taxes and institute more efficient tax reforms? Why/why not?
Explain the primary revenue sources for the three different levels of government. How does each level...
Explain the primary revenue sources for the three different levels of government. How does each level of government spend its revenues? Who were the first modern American corporations? What is limited liability and why is it important in the context of the modern corporation? Who are the major shareholders of most major publicly-traded modern corporations? Board of directors—who are these directors and what do they do? Management—what functions does it perform in the modern corporation? What is the Genuine Progress...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT