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State four reasons why the government imposes taxes.

      

State four reasons why the government imposes taxes.

  

Answers


Kavungya
-Raise revenue for government expenditure
-Discourage consumption of harmful products
-Protect local industries by discouraging importation of certain goods
-Reduce income inequalities in the country
-Control inflation by reducing money supply.
-Encourage delocalization of industries by taxation urban people more.
-Correct balance of payment by taxing imputs higher.
Kavungya answered the question on September 25, 2019 at 08:03


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