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 Form 4 Business Studies online lessons on public finance

Factors that determine the amount of money raised through taxation

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Answer Text:
Factors that determine the amount of money raised through taxation
i. Distribution of incomes
ii. Social and political factors
iii. Honesty and efficiency of tax authorities
iv. Citizens level of real income
v. Economic structure of the country i.e. relative size of the country’s commercial and subsistence sectors.


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