A State A has collected Gross Revenue of Rs. 40,000 Billion during a Tax Year, out of
Question:
A State ‘A’ has collected Gross Revenue of Rs. 40,000 Billion during a Tax Year, out of which Rs. 25,000 Billion was from indirect taxes and Rs. 15,000 Billion from direct taxes. The collection cost of indirect taxes was Rs. 30,000 Billion
A State ‘B’ has collected total taxes of Rs. 20,000 Billion during a Tax Year. While collection charges of these taxes were Rs. 15,000 Billion.
A State ‘C’ has collected total taxes of Rs. 60,000 Billion from different sectors. Out of which Rs. 50,000 Billion were collected from 1 sectors and remainging Rs. 10,000 Billion was collected from 10 different sectors.
Required:
As you are seeing in each of the above case some traits which, according to the Fiscal Economists, a good tax must possess are found and some are missing. Being a student of Taxation, you have to answer the followings:
What traits are found in each case and what are missing.
What do you suggest each of the above State to improve her tax collection
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac