Specific Taxes, AdValorem Taxes, Mixed Excise Tax systems, Tax Yields, Tax Incidences, Fiscal Multiplier, MET, MRP, MAP
What you will learn
Understand the specificities and dynamics of various excise tax systems and their mechanisms in order to minimize the tax exposure for your organization.
Develop the appropriate pricing strategies to maximize the pricing productivity of your products and the profits for your organization.
Understand the dynamics in a market where products are impacted by excise taxes to take informed pricing decisions and outperform your competition.
Improve your accuracy in planning and forecasting your company’s excise tax burden to make appropriate budgeting decisions.
Ensure compliance with tax laws and regulations and understand government needs to advocate for better excise tax structures.
Description
In this comprehensive online course on excise taxes, you’ll learn the ins and outs of one of the most fascinating and controversial types of taxation out there. Often referred to as “sin taxes,” excise taxes are charged on goods and services that are considered to be harmful or unhealthy. But there’s much more to excise taxes than just that!
Throughout the course, we’ll explore the different types of excise taxes, from specific taxes to ad valorem taxes and mixed systems. You’ll gain a deep understanding of why governments choose to implement excise taxes and how they impact the economy as a whole.
But that’s not all! We’ll also dive into the exciting world of pricing strategies, exploring how companies navigate the complexities of excise taxes to maximize profits and minimize risk. You’ll learn about the concepts of Fiscal Multiplier, Minimum Excise Tax (MET), and Minimum Retail Prices (MRP), and how they factor into the dynamic world of excise taxation.
This course is also applicable to other taxes, such as the VAT or GST, so you’ll walk away with a broad understanding of the tax landscape. Whether you’re an aspiring tax professional or simply interested in learning more about this fascinating topic, this course is the perfect place to start.
Content