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Questions and Answers
Which of the following is a purpose of tax treaties between countries?
Which of the following is a purpose of tax treaties between countries?
- To encourage tax evasion
- To increase tax rates
- To discourage investment
- To prevent double taxation of income (correct)
How can taxes influence economic behavior?
How can taxes influence economic behavior?
- By discouraging investment (correct)
- By increasing tax rates
- By closing loopholes
- By encouraging tax evasion
Why are tax codes often revised and updated?
Why are tax codes often revised and updated?
- To encourage tax evasion
- To increase tax rates
- To discourage investment
- To address economic challenges (correct)
Which one of the following is an example of an indirect tax?
Which one of the following is an example of an indirect tax?
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What is the tax base for income tax?
What is the tax base for income tax?
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What is the difference between tax evasion and tax avoidance?
What is the difference between tax evasion and tax avoidance?
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