Asked by
Caroline McDermott
on Oct 25, 2024
Verified
If tax efficiency is the only goal,a tax system should be designed to minimize its:
A) burden.
B) administrative costs.
C) impact on the poor.
D) burden and its administrative costs.
Administrative Costs
The resources used (which is a cost) by government to collect the tax, and by taxpayers to pay it as well as to evade it, over and above the amount of the tax.
- Determine the guiding principles behind tax configuration intended to lessen the financial load.
- Acquire knowledge about the overheads and surplus losses incurred due to taxation.
Verified Answer
AN
Learning Objectives
- Determine the guiding principles behind tax configuration intended to lessen the financial load.
- Acquire knowledge about the overheads and surplus losses incurred due to taxation.