Belhaven University Unit 5 Tax Expenditure Purpose Discussion Paper Instructions: There are 2 discussion questions. Write a 250 word response for each and

Belhaven University Unit 5 Tax Expenditure Purpose Discussion Paper Instructions: There are 2 discussion questions. Write a 250 word response for each and include Biblical integration.

Discussion 1: (1) Explain what “tax expenditure” means. (2) Explain the purpose of a tax expenditure. (3) Give one example of a tax expenditure, and explain its impact.

Discussion 2: (1) Explain what “Value-Added Tax” (VAT) means. (2) Explain when (in what circumstances) and why a VAT is likely to be used. (3) Give one example of a VAT, and explain the process through which the VAT is imposed.

Class book:

Mikesell,J.L (2018).Fiscaladministration:analysisandapplicationsforthepublicsector(10thed.).Boston,MA:CengageLearning.ISBN:978-1305953680.