InterviewSolution
Saved Bookmarks
InterviewSolution
| 1. |
State any three characteristics of taxation? |
|
Answer» Characteristics of Tax: 1. A tax is a compulsory payment made to the government. People on whom a tax is imposed must pay the tax. Refusal to pay the tax is a punishable offence. 2. There is no quid pro quo between a taxpayer and public authorities. This means that the tax payer cannot claim any specific benefit against the payment of a tax. 3. Every tax involves some sacrifice on part of the tax payer. 4. A tax is not levied as a fine or penalty for breaking law. |
|