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Several benefits accrue to
You are required to
Explain the measures that government need to put in place to realise these benefits.
Step by step
Solved in 2 steps
- Effective tax planning. Explain the key elements of effective tax planning. What are some of the most popular tax management strategies?In terms of tax policy, what do the following mean? a. Revenue neutrality. b. Sunset provision. c. Indexation.Discuss the concept of taxation and it's necessity for every government.
- Which among the type of taxes (national or local) do you think can be reduced, removed, or revised to the benefit of both the government and the common individual? Cite relevant sources such as previous research studies, taxation reform programs, and the like.Give a critical analysis and give a clear recommendation of how government should tax its nationals, both natural and legal entities.Explain why administrative and compliance costs of taxation is important regarding taxation? What are the specific measures that you are proposing to make a tax system simpler?
