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(i) Provides revenue to the government to finance the budget
(ii) Helps to reduce the tax burden to the citizens
(iii) Encourages production of high quality goods and services due to efficiency
(iv) Helps the government to cut down on its expenditure
(v) Encourages private investment in the country
(vi) Encourages fair competition which leads to efficiency in production
(vii) Helps to reduce corruption and embezzlement of funds
(viii) Encourages proper management of firms by professionals leading to efficiency
(ix) The government will get funds from donors as they will have fulfilled their requirements
Kavungya answered the question on April 1, 2019 at 08:55
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2005
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