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| *Ostroff, Fair and Company>>>United Kingdom Taxes |
What are the purposes of taxation, except the fiscal one? please explain!? |
I am stuyding taxation and i more clarification on the social and economic purpose of taxation. To achieve, or attempt to achieve, certain social goals, such as greater equality; to encourage or discourage certain behaviors Essentially to raise money to keep the one in four mainly workshy members of the workforce in civil service/public sector jobs and generally undermine the economy. Try getting a job in the civil service or a local authority or ask anyone who has worked there The primary objective is to raise revenues to fund the federal government鈥檚 operations. Secondary objectives include promoting macroeconomic and social policies. - Revenue raising - re-distribution of wealth from rich to poor - to provide services such as schools, hospitals etc. - everybody may not use state schools or NHS hospitals but EVERYBODY benefits from living in a healthy well educated society. - Economic regulator - use tax to promote economic stabilty and to encourage growth. eg. look at the low taxes in stagnant economies such as Russia and Estonia - Demerit goods. Government will put high taxes in items such as alcohol and cigarettes that are bad for our health, |
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