MGM102H5 Chapter Notes - Chapter 16: Canadian Dairy Commission, Sin Tax, Price Fixing
Document Summary
Government activities that affect business may be divided into six categories: crown corporations. There are hundreds of such companies, and they play an important role in the economy. Crown corporations sometimes compete with for-profit businesses: laws and regulations. These cover a wide range, from taxation and consumer protection to environmental controls, working conditions, and labour management relations: taxation and financial policies. All levels of government collect taxes income taxes, the gst, sales taxes, and property taxes. Taxation is also fine-tuned by government to achieve certain goals or to give effect to certain policies. This is called fiscal policy: government expenditures. Governments pay out billions of dollars to canadians. When these recipients append this money, businesses benefit. All levels of government provide a host of direct and indirect aid packages as incentives to achieve certain goals. These packages consist of tax reductions, grants, loans, and loan guarantees: purchasing policies.
