A. In not less than 400 words, discuss the importance of taxation in your life. B....

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A. In not less than 400 words, discuss the importance of taxation in your life. B. Propose a tax measure in order for the government to earn additional revenue with emphasis on the following items: Indicate the type of your proposed tax v What is the name, nature and purpose of the tax? * What is/are the covered transactions and who are the taxpayers? Any tax exemptions? What is the tax rate? What is the tax base? How much is the expected collections of the government from the said tax? What are your proposed projects and who are the expected beneficiaries of this tax collections? - nothing follows - A. In not less than 400 words, discuss the importance of taxation in your life. B. Propose a tax measure in order for the government to earn additional revenue with emphasis on the following items: Indicate the type of your proposed tax v What is the name, nature and purpose of the tax? * What is/are the covered transactions and who are the taxpayers? Any tax exemptions? What is the tax rate? What is the tax base? How much is the expected collections of the government from the said tax? What are your proposed projects and who are the expected beneficiaries of this tax collections? - nothing follows -

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IMPORTANCE OF TAXATION Taxes are crucial because governments collect this money and use it to financ... View the full answer