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1. by a state / imposed on an individual / A tax is / a financial charge or other levy / or a legal entity.
2. and the government expenditure / are often highly debated / in politics and economics / of taxes raised /The method of taxation.
3. wealth / from / to / Redistribution / the richer sections of society / means / transferring / poorer sections.
4. direct tax or indirect tax / Taxes / are sometimes / to / referred / as.
5. where the economy / the existence of a tax / is not perfectly competitive, / In some cases / can increase / economic efficiency.
6. is a tax / by reason / A property tax / of its ownership / imposed on property.
7. critical roles / Taxes / in the revenue systems / of all developed countries/ on people’s incomes / play.
8. so that / Tax laws / both / should be written / the taxpayer and tax-collector / can understand them.
Exercise 1.7 Complete the sentences below with the words and word expressions from the box.
compulsory charge cost revenue tax system imposed income |
1) The only means most people have of paying taxes is the ______ they earn.
2) Taxes should be ______ justly.
3) In order to have an effective _______, government must have criteria or standards.
4) Much of government’s ______ comes from the income and property taxes.
5) A tax has been defined as a _______ imposed upon persons and businesses for public purposes.
6) The principal purposes of taxes is to pay for the ______ of government.
Дата публикования: 2015-01-13; Прочитано: 589 | Нарушение авторского права страницы | Мы поможем в написании вашей работы!