Premium Essay

Government Regulations

In: Business and Management

Submitted By thousie07
Words 297
Pages 2
Government regulations for enterprises using cell phones, smartphones and other various mobile devices and current technology can be overwhelming. Especially with current and expected government policies and regulations, including taxes and regulations set in place within the United States. There are many regulations and government policies that will come into play in the years to come for technology and those involved. There will be negative and positive externalities involved, issues that will need to be adjusted to, for example new companies entering the market, globalization that will affect price and price sustainability of profit and different types of mergers. Taxes reduce the output and raises prices, this alone might have an adverse effect on the consumer. (Wireless Telecommunication , n.d.). Producers might be able to pass on the tax to the consumer if the demand of the good is inelastic and as the end results the tax many only have a marginal effect in reducing the demand and finial output of the amount of cell phones that’s produce each day
Taxes and Regulation
The average wireless consumer now pays more than 17% in combined state, local and federal wireless taxes and fees. That’s more than double the average sales tax rate of about 7% paid on other goods or services. In fact, wireless consumers in 46 states and the District of Columbia pay more in wireless taxes and fees than they do general sales tax. Wireless taxes continue to rise. Over the past decade, wireless taxation increased at a rate four times faster than the rate on other taxable goods and services. And, because wireless taxes are often regressive, they hit seniors, minority communities, working families and small businesses especially hard. (Wireless Telecommunication, n.d.).

Reference:
Wireless Telecommunication. (n.d.). Retrieved from…...

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