Distinguish between the following concept:
Special assessment and Special levy.
|Special assessment||Special levy|
|1)||Special assessment refers to the payment made by citizens of a particular locality in exchange for certain special facilities provided to them by the public authorities.||Special levy is charged on commodities whose consumption is harmful to the health and well-being of citizens.|
|2)||E.g.: local bodies can levy a special tax on the residents of a particular area where extra/special facilities of roads, energy, water supply, etc. are provided.||E.g.: duties levied on wine, opium, and other intoxicants.|
|3)||The objective is to earn revenue through the provision of special facilities.||The objective is to discourage the consumption of such commodities.|
Concept: Structure of Public Finance - Public Revenue
Is there an error in this question or solution?