0
OBJECTIVES FOR THE TAX SYSTEM
- The Labour Government has identified six main objectives for its tax system - these are summarised below
- To keep the overall tax burden as low as possible
- To reduce tax rates on income to sharpen incentives to work and create wealth in the economy
- To maintain a broad tax base - having a range of taxes helps to keep each separate tax rate low
- To shift the balance of taxation away from taxes on income towards taxes on spending
- To ensure taxes are applied equally and fairly to everyone
- To use taxes to make markets work better (including the use of environmental taxes to make both consumers and producers aware of external costs)
Wiki User
∙ 11y ago
Wiki User
∙ 12y agoTo provide revenue to government for its operation and programs.
Add your answer:
Earn +20 pts
What is the primary purpose of taxation?
The purpose of taxation in general is for the government to raise money.
What is the first and main purpose of taxation?
revenue for government programs and operations
What is the purpose of the income tax brackets?
Income tax brackets enable the progressive taxation of income.
What's the purpose of income tax brackets?
To enable the progressive taxation of income
What is the purpose of income tax brackets Apex?
To enable the progressive taxation of income.
What is the primary purpose of taxation?
The purpose of taxation in general is for the government to raise money.
What is a cadaster?
A cadastre is a public survey of land for the purpose of taxation or a register of such surveys.
Why was the Doomesday book not popular?
It established an inventory used for the purpose of taxation.
What is the first and main purpose of taxation?
revenue for government programs and operations
What is the purpose of the income tax brackets?
Income tax brackets enable the progressive taxation of income.
Purpose of taxation?
To raise money to pay for the runing costs of a country or locality.
What's the purpose of income tax brackets?
To enable the progressive taxation of income
What is the purpose of income tax brackets Apex?
To enable the progressive taxation of income.
What was the main purpose of the British taxation after the french and Indian war?
to pay for the debt from the war
Limitations on the power of taxation?
The 1987 Philippine Constitution sets limitations on the exercise of the power to tax. The rule of taxation shall be uniform and equitable. The Congress shall evolve a progressive system of taxation. All money collected on any tax levied for a special purpose shall be treated as a special fund and paid out for such purpose only. If the purpose for which a special fund was created has been fulfilled or abandoned, the balance, if any, shall be transferred to the general funds of the Government. The 1987 Philippine Constitution sets limitations on the exercise of the power to tax. The rule of taxation shall be uniform and equitable. The Congress shall evolve a progressive system of taxation. All money collected on any tax levied for a special purpose shall be treated as a special fund and paid out for such purpose only. If the purpose for which a special fund was created has been fulfilled or abandoned, the balance, if any, shall be transferred to the general funds of the Government. The 1987 Philippine Constitution sets limitations on the exercise of the power to tax. The rule of taxation shall be uniform and equitable. The Congress shall evolve a progressive system of taxation. All money collected on any tax levied for a special purpose shall be treated as a special fund and paid out for such purpose only. If the purpose for which a special fund was created has been fulfilled or abandoned, the balance, if any, shall be transferred to the general funds of the Government.
What agreement determined the guidelines by which enslaved persons would be counted for purpose of taxation and representation?
Three fifts compromise
What is the purpose of income tax in the Philippines?
The main purpose of our government in imposing taxes is to raise fund enable for them to work, because taxation is the strongest power of the government and therefore, it is highly needed by them.
