Advertisements
Advertisements
Questions
Give two reasons why the government imposes tax?
Give two objectives of taxation.
Answer in Brief
Advertisements
Solution
Objectives of Taxation Policy are:
- The government imposes taxes to raise revenue.
- Taxes are also imposed to reduce inequalities in the distribution of income.
shaalaa.com
Role of State in Economic Development
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
Fiscal policy means public expenditure and tax policy of the government.
Which of these taxes is most likely to be progressive?
An indirect tax is not always equitable. Give two reasons to support your answer.
Classify the following type of tax into direct and indirect taxes:
Sales tax
Briefly explain why direct taxes foster civic consciousness among people.
Give one example of progressive tax.
State the four merits of a direct tax.
Explain the following with examples:
Progressive tax
Explain how indirect taxes can be made progressive.
Citing reasons state the superiority of Progressive tax over regressive tax.
