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Purpose of Taxation - Coggle Diagram
Purpose of Taxation
Principles of a Fair Tax System (Hint: EECC)
Equality
Certainty
Economy
Convenience
Purpose of Taxation (FSLE)
Financial Reasons
Inflation
Debt servicing
Social Reasons
Redistributing Wealth
Social Objectives
Legal Reasons
Fulfilling a Legal Requirement
Ethical Reasons
Fairness
What can high taxes lead to
Black Economy
Businesses shut down
Taxation
The Office of Revenue Commisioners
Income tax
Corporation
VAT
Inflation