Why does the government impose taxes?

      

State the reasons why the government imposes taxes.

  

Answers


Maurice
(i) To discourage importation of certain products.

(ii) To protect infant industries.

(iii) To correct a deficit in the balance of payment.

(iv) To discourage consumption of harmful goods.

(v) To redistribute incomes.

(vi) To raise revenue.
maurice.mutuku answered the question on July 20, 2017 at 07:20


Next: Under what circumstances would a firm locate near a pool of labour?
Previous: What measures may an organization put in place to improve office etiquette among its employees?

View More Business Studies Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions