The Role of Government and Taxation

1. The Role of Government and Taxation

2. Assignments for next time/week • TUESDAY GROUP (missing class): Read the text on Greece (The New Yorker) http://www.newyorker.com/talk/financial/2011/07/11/110711ta_talk_surowiecki#ixzz1b2zp85LZ • ALL STUDENTS (for Monday, 7 Nov): 1. Fill in the gaps (RB:p.29) 2. Watch David Cameron’s talk (14 min.) on http://www.ted.com/talks/lang/eng/david_cameron.html Listen carefully and take detailed notes on D. Cameron’s talk. What does the British Prime Minister say about the role of government today and before?

3. The Role of the State: Galbraith vs. Friedman TEXT STRUCTURE? 1. Main idea 2.Supporting sentences/examples 3.Concluding statement(s)

4. Writing a paragraph • assignment: write one pg. on the topic below The Role of the State: Galbraith vs. Friedman • max. ½ big note-book page or 1 small page • obligatory elements: a)topic sentenceb)supporting sentencesc) one concluding sentence • use connectors (linking words) if necessary (RB:p.66)

5. Paragraph Writing - Assessment ASSESSMENT CRITERIA:Pts. • Structure: oblig. elements? 0, 0.5, 1 • Content: accurate? 0, 0.5, 1 • Language: vocab., spelling, gramm.? 0, 0.5, 1 GRADING: 3 = grade 5 2.5 = grade 4 2 = grade 2 or 3 below 2 = Fail (1)

6. The Role of the State: Galbraith vs. Friedman Sample paragraph • The role of the state has always been debated by many great thinkers. For example, Milton Friedman criticised the state for its excessive intervention in people’s economic freedoms through taxation or many unnecessary licencing procedures. On the other hand, J.K. Galbraith argued for the presence of the state in sectors that make the good society such as low cost-housing or public health care. The difference between the two famous authors illustrates a range of opposed views still present in most societies today.

7. The Role of the State: Galbraith vs. Friedman Sample paragraph • The role of the state has always been debated by many great thinkers. For example, Milton Friedman criticised the state for its excessive intervention in people’s economic freedoms through taxation or many unnecessary licencing procedures. On the other hand, J.K. Galbraith argued for the presence of the state in sectors that make the good society such as low cost-housing or public health care. Thedifference between the two famous authors illustrates a range of opposed views still present in most societies today.

8. PresentationThe Role of the State: Galbraith vs. Friedman Group assignment: Write a verbatim presentation (word by word) on the same topic (use sample presentations in RB: pp.55-58 for guidance) • Use signalling devices (presentation phrases),RB:53-54 • Show the structure of your presentation in language (beginning, main part, close) • Underline the presentation phrases • Show the internal structure of the main part (changing topics) with appropriate presentation phrases

9. Explain the meaning of the sentences below: An essential part of economic freedom is freedom to choose how to use our income ... Currently, more than 40% of our income is disposed of on our behalf by government at federal, state and local levels combined. Milton and Rose Friedman MK: p.110

10. TAXATION

11. A few basic questions Who pays tax? Who collects tax and why? Do all taxpayers pay the same amount of tax? What is flat in flat tax? What is redistributed in redistributive taxation? Is it true that evading tax is much more dangerous than avoiding it? What happens in Croatia in February?

12. February in Croatia ... Use the following words: • Taxpayers • Declare tax • Income tax, local surtax • File a tax return • Tax authorities (Tax Administration)

13. Verbs Nouns? • collect tax • evade tax • avoid tax • declare tax

14. Verbs Nouns • collect tax tax collection • declare tax tax declaration • evade tax tax evasion • avoid tax tax avoidance

15. Types of tax Croatia • value-added tax (VAT) • personal income tax • corporate income tax (corporate tax) • excise taxes • inheritance and gift tax • social security contributions • surtax, local surcharges • MacKenzie (MK) - p.112 Additional reading: http://www.ijf.hr/eng/taxguide/2010.pdf

16. Work on Text (1)Dodger Mania (Source: The New Yorker, July, 2011) Business English words government debt budget deficit loophole default shadow economy backlog austerity plan tax revenue exemption bailout regressive tax compliant public spending law enforcement underreport tax evasion tax compliance tax rate central bank fraud taxpayers

17. Work on Text (2)Dodger Mania (Source: The New Yorker, July, 2011) HEADINGS (Paragraphs?) • The problem • Reasons for the problem • Implications • New attempts • Not an easy task

18. Taxation: pros and cons • What would J.K. Galbraith say? (RB: p.19) • What would M. Friedman say? (MK: p.110) • What do you say? (Arguments in MK: p.113)

19. Assignment (1): The pendulum of control (RB:p.29) 1.Explain the following: Which direction did the pendulum swing in in pgs.2, 3, 4, 5, 6? 2. Translatethefollowing(as used in thetext): a)državna poduzeća, b)ankete javnog mnijenja, c)gospodarski napredak

20. Assignment (2): David Cameron on the role of the government (web: Ted Talk) 3. Watch the video-clip and write down the following: a) Threeperiods in historyaccording to D. Cameron? b) Reason for each period? c) According to D. Cameron, the role of the government today is to give people … (3 words)?