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The case:

In Pakistan, the trade deficit was observed since 1985 because the value of imports is higher than the value of exports. The International Monetary Fund (IMF) advised that a country should have four months import bill in their total reserves. For the reduction in imports, the Government of Pakistan proposed new sales tax rates on the imported mobile phone in the mini Budget, expressed as:

Sr. No.

Mobile Price (International)

Sales Tax

1

Up to 30 USD

Rs. 150

2

30 USD to 100 USD

Rs. 1470

3

100 USD to 200 USD

Rs. 1870

4

200 USD to 350 USD

Rs. 1930

5

350 USD to 500 USD

Rs. 6000

6

Greater than 500 USD

Rs. 10300




Requirement:

In the light of above discussion, logically discuss the benefits and losses of this initiative for the consumers and producers. Use the concepts of demand, supply, and tax for the discussion.

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Replies to This Discussion

anyone can help me for the solution of GDB ECO402??? please  

MC180400941MC180400941GDB Total Marks 5    Starting Date Tuesday, January 29, 2019    Closing Date Monday, February 04, 2019    Status Open    Question Title The impact of tax    Question Description The case:In Pakistan, the trade deficit was observed since 1985 because the value of imports is higher than the value of exports. The International Monetary Fund (IMF) advised that a country should have four months import bill in their total reserves. For the reduction in imports, the Government of Pakistan proposed new sales tax rates on the imported mobile phone in the mini Budget, expressed as: Sr. No. Mobile Price (International) Sales Tax    1 Up to 30 USD Rs. 150    2 30 USD to 100 USD Rs. 1470    3 100 USD to 200 USD Rs. 1870    4 200 USD to 350 USD Rs. 1930    5 350 USD to 500 USD Rs. 6000    6 Greater than 500 USD Rs. 10300                        Requirement:In the light of above discussion, logically discuss the benefits and losses of this initiative for the consumers and producers. Use the concepts of demand, supply, and tax for the discussion.Note: Be specific in your answer. Write to the point in your own words. Avoid irrelevant details.  

Answer Increase the price of the good in the domestic market. Domestic producers benefit because they receive higher prices. The government benefits by collecting tax revenues.Domestic suppliers gain more revenue. The price rises to P quota and domestic suppliersConsumers pay a higher price and also total quantity fallThere is a net welfare loss to society because the increase in producer surplus is outweighed by the decline in consumer surplus.

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