Taxes are the most important source of public revenue. Any tax can be defined as an...
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Taxes are the most important source of public revenue. Any tax can be defined as an involuntary payment by a tax payer without involving a direct repayment of goods and services (as a "quid pro quo") in return. Outline any FOUR other sources of public revenue apart from Tax. (4 marks) A budget is a statement which consists of the revenue and expenditure estimates of the government for one particular year. Explain the THREE main stages that budget process under goes in Kenya. (3 marks) Taxes are the most important source of public revenue. Any tax can be defined as an involuntary payment by a tax payer without involving a direct repayment of goods and services (as a "quid pro quo") in return. Outline any FOUR other sources of public revenue apart from Tax. (4 marks) A budget is a statement which consists of the revenue and expenditure estimates of the government for one particular year. Explain the THREE main stages that budget process under goes in Kenya. (3 marks)
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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