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Setbacks of using direct taxes as government revenue
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[QUOTE="Activator230822, post: 286958, member: 88192"] The government can pose a burden of paying the taxes which is borne directly by the individual taxpayers and is paid at once or even in advance. It gives the taxpayer motivation to evade tax payment-- The taxpayers may come up with ways of concealing their income in order to avoid paying the taxes or reduce the amount to be paid. Non- consultation of taxpayers in the determination of the tax rate-- The determination of the tax rate an the amount of tax to be paid is at the discretion of the tax authorities. Not an adequate source of government revenue-- Most people in the developing countries are low income earners hence limiting the amount of tax revenue from its sources. Reduced ability to save and invest-- Direct taxes takes away money from the citizens hence reducing their purchasing power causing low investments and inflation among the taxable members of the public in a country. [/QUOTE]
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Setbacks of using direct taxes as government revenue
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