Why Government levy tax on Person What are the important-02127
This subjective question is related to the book/course
vu mgt602 Entrepreneurship.
It can also be found in
vu mgt602 Mid Term Solved Past Paper No. 3.
Question 1: Why Government levy tax on Person? What are the important elements that take into consideration while levying tax?
Answer:
Governments provide a variety of services to the people they serve. In order to pay for these services, the government levies taxes on the citizens and companies who benefit from these services. The government must also make payments on any money borrowed to sustain past operations. Also, the government levies taxes to alter the behaviors of its citizens and the companies that do business in the country.
