Question

Why taxation is important

Answer 1

Answer: Taxation is important because it supports the programs and services it offers, like education or health care.

Answer 2

Taxation is used primarily to raise revenue for government expenditures.

It is used to control inflation.

Taxation is also used to protect infant industries.

It is also used to discourage the consumption of some harmful goods.

Taxation is used by the government to provide basic and social amenities.