Describe Two Factors That Have Been Influential in the Increased

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The Answer is The required two factors can be selected from the following:
• Simplicity - Transaction taxes are easy to administer and collect. No forms are required from individuals paying the tax and, if the individual wishes to acquire a particular good or service, it is difficult to evade payment.
• Incentives To Work - An often cited disadvantage of income taxes is that they can discourage individual initiative to work and invest. Transaction taxes do not have this characteristic.
• Consistency - Transaction taxes avoid the fluctuating income and family unit problems that are associated with progressive income tax systems.
• Keeping The Tax Revenues In Canada - While some types of income can be moved out of Canada, resulting in the related taxes being paid in a different jurisdiction, taxes on Canadian transactions remain in Canadian hands.

Describe Two Factors That Have Been Influential in the Increased

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Describe Two Factors That Have Been Influential in the Increased

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Correct Answer:
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