Get premium membership and access questions with answers, video lessons as well as revision papers.
i. Sufficient Revenue
A government implementing a multiple tax system is able to collect sufficient revenue due to a wide tax base
ii. Desire to regulate externalities
A country implementing a multiple tax system will be in a position to regulate externalities whenever they arise e.g. a country may impose heavy import duty to protect local industries
iii. Minimize incidences of tax evasion
Since a multiple tax system has a wide tax base it is able to minimize tax evasion by bring every taxable person to the tax blanket
Wilfykil answered the question on February 13, 2019 at 08:30
- Write brief notes on the following
i. Tax amnesty
ii. Backward shifting of tax
iii. Tax treatment of standing timber(Solved)
Write brief notes on the following
i. Tax amnesty
ii. Backward shifting of tax
iii. Tax treatment of standing timber
Date posted: February 13, 2019. Answers (1)
- Explain the following:
(a) Role of the revenue authority in a country(Solved)
Explain the following:
(a) Role of the revenue authority in a country
Date posted: February 13, 2019. Answers (1)
- Discuss four arguments in favor of progressive taxes in a country.(Solved)
Discuss four arguments in favor of progressive taxes in a country.
Date posted: February 13, 2019. Answers (1)
- Briefly explain the meaning of the following terms:
(i) Tax planning.
(ii) Tax avoidance.
(iii) Tax evasion.(Solved)
Briefly explain the meaning of the following terms:
(i) Tax planning.
(ii) Tax avoidance.
(iii) Tax evasion.
Date posted: February 13, 2019. Answers (1)
- Distinguish between a "tax" and a "charge" as imposed by the government(Solved)
Distinguish between a "tax" and a "charge" as imposed by the government
Date posted: February 13, 2019. Answers (1)
- Briefly explain three factors that influence the extent of forward shifting of indirect taxes.(Solved)
Briefly explain three factors that influence the extent of forward shifting of indirect taxes.
Date posted: February 13, 2019. Answers (1)
- A number of revenue authorities in the region have embarked on various tax modernisationprogrammes.
Discuss three goals of such modernization programmes(Solved)
A number of revenue authorities in the region have embarked on various tax modernisationprogrammes.
Discuss three goals of such modernization programmes
Date posted: February 13, 2019. Answers (1)
- One of the challenges faced by a number of countries today is how to finance their budget deficits, The problem is compounded by the fact...(Solved)
One of the challenges faced by a number of countries today is how to finance their budget deficits, The problem is compounded by the fact that some of the alternatives available for financing the budget deficit might negatively impact on the country.
Required:
Citing one disadvantage in each case, briefly explain three measures that a government could undertake to finance a budget deficit.
Date posted: February 13, 2019. Answers (1)
- Identify four ways in which an individual or firm could engage in ?tax avoidance(Solved)
Identify four ways in which an individual or firm could engage in ―tax avoidance
Date posted: February 13, 2019. Answers (1)
- Argue six cases against indirect taxes imposed in your country(Solved)
Argue six cases against indirect taxes imposed in your country
Date posted: February 13, 2019. Answers (1)
- One of the facilitators in a tax seminar commented that "tax incentives tend to aid growth of capital markets.
Justify the facilitator's comment by identifying four...(Solved)
One of the facilitators in a tax seminar commented that "tax incentives tend to aid growth of capital markets.
Justify the facilitator's comment by identifying four incentives intended to aid the growth of capital markets in your country.
Date posted: February 13, 2019. Answers (1)
- Outline four sources of revenue for a county or local authority(Solved)
Outline four sources of revenue for a county or local authority
Date posted: February 13, 2019. Answers (1)
- Discuss four factors that influence tax shifting in an economy(Solved)
Discuss four factors that influence tax shifting in an economy
Date posted: February 13, 2019. Answers (1)
- One of the facilitators in an East African Community tax seminar commented that "there are diverse factors that influence taxable capacity in various countries".
Justify the...(Solved)
One of the facilitators in an East African Community tax seminar commented that "there are diverse factors that influence taxable capacity in various countries".
Justify the facilitator's comment by discussing four factors that influence taxable capacity in your country.
Date posted: February 13, 2019. Answers (1)
- Outline five causes of tax evasion in developing countries(Solved)
Outline five causes of tax evasion in developing countries
Date posted: February 13, 2019. Answers (1)
- Explain the term "set-off tax" as used in taxation(Solved)
Explain the term "set-off tax" as used in taxation
Date posted: February 13, 2019. Answers (1)
- Distinguish between a "single tax system" and a "multiple tax system".(Solved)
Distinguish between a "single tax system" and a "multiple tax system".
Date posted: February 13, 2019. Answers (1)
- Distinguish between "digressive taxes" and "regressive taxes".(Solved)
Distinguish between "digressive taxes" and "regressive taxes".
Date posted: February 13, 2019. Answers (1)
- Explain the term =taxable limit‘ as used in taxation(Solved)
Explain the term ‗taxable limit‘ as used in taxation
Date posted: February 13, 2019. Answers (1)
- Suggest four ways on how tax policy can be used to promote the growth of small and medium enterprises (SMEs) in your country(Solved)
Suggest four ways on how tax policy can be used to promote the growth of small and medium enterprises (SMEs) in your country
Date posted: February 13, 2019. Answers (1)