Political Science

Subject: POLITICS 3001

Word count: 1000

Minimum 10 references

Topic: The government is proposing to increase the Goods and Services Tax (GST) to 20%.

THE ABOVE PROPOSALS HAS JUST BEEN FORESHADOWED IN A MAJOR SPEECH BY THE LEADER OF YOUR NATIONAL GOVERNMENT. THE GROUP TASK IS TO PREPARE A REPORT FOR THE IMAGINARY BODY, “THE PEAK NATIONAL BUSINESS LEAGUE.”

TASK FOR ME

· HOW WOULD THIS POLICY AFFECT THE INDUSTRY ( i.e. broad effects, cost-benefit)

MAIN EFFECTS THAT NEED TO BE ELABORATED ON

· REVENUE INCREASES

· GDP INCREASES(REFER BASED ON EMPLOYMENT)

· COST OF PRODUCTION AND PROCUREMENT DECREASES

· START UP COST DECREASES

· IMPORTS WILL BE CHEAPER

· ENTRY TAX WILL DECREASE

NEED TO GET RESOURCE BASED INFORMATION MAINLY ON THE ABOVE TOPICS