Asked by
Desteny Shehata
on Dec 17, 2024Verified
As tax laws become more complex,
A) the administrative burden of taxes will increase.
B) compliance costs are likely to decrease.
C) the government will collect more in tax revenue.
D) the amount of tax revenue lost to tax evasion will decrease.
Administrative Burden
The costs and effort associated with compliance to regulations, paperwork, and procedural necessities in organizations or governmental bodies.
Tax Laws
Regulations established by governmental authorities dictating how taxes are to be computed, collected, and managed.
Compliance Costs
Expenses incurred by businesses or organizations in order to adhere to laws, regulations, and guidelines.
- Comprehend the administrative load of taxes and their consequences for both taxpayers and the economic system.
Verified Answer
JS
Learning Objectives
- Comprehend the administrative load of taxes and their consequences for both taxpayers and the economic system.