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Questions and Answers
What is the purpose of tax compliance?
What is the purpose of tax compliance?
- To impose wealth taxes and inheritance taxes
- To collect taxes from individuals only
- To ensure taxpayers are paying the right amount of tax and securing the correct tax allowances and relief (correct)
- To regulate and reduce negative externalities
When did the first known taxation take place?
When did the first known taxation take place?
- 5000 BC
- 4000 BC
- 3000–2800 BC (correct)
- 2000 BC
What do taxes consist of?
What do taxes consist of?
- Direct or indirect taxes (correct)
- Sales taxes and use taxes
- Indirect taxes only
- Direct taxes only
In economic terms, what does taxation do?
In economic terms, what does taxation do?
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What is the purpose of levying a tax on tax?
What is the purpose of levying a tax on tax?
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