i. To raise revenue to finance government expenditure.
ii. To discourage consumption of certain products like cigarettes.
iii. To discourage importation of certain product in order to boost local production.
iv. To reduce inequality in income distribution by taxing the rich and financing activities that benefit the poor members of the society.
v. To reduce inflation by reducing people’s disposable income.
vi.To correct balance of payment by taxing imports in order to discourage importation.
vii.To influence location of firms by heavily taxing businesses in certain areas and giving tax benefits to business located in desired areas.
joseph rimiru answered the question on January 1, 2018 at 07:00
- Highlight six circumstances under which a trader may find it not necessary to construct his own warehouse.(Solved)
Highlight six circumstances under which a trader may find it not necessary to construct his own warehouse.
Date posted: January 1, 2018. Answers (1)
- Manufacturers distribute their products to the final consumers through various channels. Highlight five factors considered in choosing a particular channel of distribution.(Solved)
Manufacturers distribute their products to the final consumers through various channels. Highlight five factors considered in choosing a particular channel of distribution.
Date posted: January 1, 2018. Answers (1)
- Explain five advantages that Murenga could derive by investing in shares of a public limited company(Solved)
Explain five advantages that Murenga could derive by investing in shares of a public limited company.
Date posted: January 1, 2018. Answers (1)
- Describe the procedure for taking up an insurance policy(Solved)
Describe the procedure for taking up an insurance policy.
Date posted: January 1, 2018. Answers (1)
- Give the disciplines covered in business studies(Solved)
Give the disciplines covered in business studies.
Date posted: December 31, 2017. Answers (1)
- Factors to be considered when choosing a method of reproducing documents (Solved)
Factors to be considered when choosing a method of reproducing documents
Date posted: December 31, 2017. Answers (1)
- Describe five tools of monetary policy that are used by Central Bank of Kenya to control credit(Solved)
Describe five tools of monetary policy that are used by Central Bank of Kenya to control credit.
Date posted: December 30, 2017. Answers (1)
- Explain five ways in which the government gets involved in business acitivities.(Solved)
Explain five ways in which the government gets involved in business acitivities.
Date posted: December 30, 2017. Answers (1)
- Explain five merits of an open office layout to an organization.(Solved)
Explain five merits of an open office layout to an organization.
Date posted: December 30, 2017. Answers (1)
- Describe five characteristics of an industry that comprises of only one firm.(Solved)
Describe five characteristics of an industry that comprises of only one firm.
Date posted: December 30, 2017. Answers (1)
- Explain five reasons why credit cards are not a common means of payment in Kenya.(Solved)
Explain five reasons why credit cards are not a common means of payment in Kenya.
Date posted: December 30, 2017. Answers (1)
- A business is part of the society and is therefore expected to ensure its surroundings are healthy and safe. Explain five ways in which a...(Solved)
A business is part of the society and is therefore expected to ensure its surroundings are healthy and safe. Explain five ways in which a business can protect its physical environment.
Date posted: December 30, 2017. Answers (1)
- Give circumstances under which the government may find it necessary to reduce her involvement in business activities(Solved)
Give circumstances under which the government may find it necessary to reduce her involvement in business activities.
Date posted: December 30, 2017. Answers (1)
- Outline five reasons why the government may find it necessary to participate in business activities.(Solved)
Outline five reasons why the government may find it necessary to participate in business activities.
Date posted: December 30, 2017. Answers (1)
- Most of the petroleum used between Mombasa and Eldoret is transported by pipeline. Explain six advantages to the country arising from the use of...(Solved)
Most of the petroleum used between Mombasa and Eldoret is transported by pipeline. Explain six advantages to the country arising from the use of this method of transport.
Date posted: December 30, 2017. Answers (1)
- Explain four benefits that would accrue to the country if the Kenya government decides to extend oil pipeline to all parts of the country where...(Solved)
Explain four benefits that would accrue to the country if the Kenya government decides to extend oil pipeline to all parts of the country where the oil is needed.
Date posted: December 30, 2017. Answers (1)
- Give six ways in which services provided by wholesalers may benefit retailers.(Solved)
Give six ways in which services provided by wholesalers may benefit retailers.
Date posted: December 30, 2017. Answers (1)
- Discuss four factors to be considered when determining the insurance premiums to be charged.(Solved)
Discuss four factors to be considered when determining the insurance premiums to be charged.
Date posted: December 30, 2017. Answers (1)
- In spite of the advantages of large-scale operations, small scale firms continue to exist. Explain six circumstances which may justify existence of such small firms.(Solved)
In spite of the advantages of large-scale operations, small scale firms continue to exist. Explain six circumstances which may justify existence of such small firms.
Date posted: December 30, 2017. Answers (1)
- Highlight six ways in which business studies is useful to an individual.(Solved)
Highlight six ways in which business studies is useful to an individual.
Date posted: December 30, 2017. Answers (1)