- 4 Marks
Question
Taxation is an important tool that has helped and hurt economies the world over including those of the developing countries.
Required:
Identify FOUR (4) social impacts of taxation in Ghana.
(4 marks)
Answer
- Redistribution of income by taxing the rich more than the poor to provide services for both.
- Prevention of dumping of products to make the environment safe.
- Imposing heavier taxes on harmful products (sin tax) to conserve workforce productivity.
- Provision of social amenities for the benefit of all.
- Tags: Harmful Products, Redistribution, Social Amenities, Social Impact, Taxation
- Level: Level 3
- Topic: Tax administration in Ghana
- Series: NOV 2018
- Uploader: Dotse