WAEC - Economics (1991 - No. 26)
A tax is said to be good when
it yields more revenue to the state at the expense of the people's ability to pay
the cost of collecting it is equal to the revenue it generates
it is imposed so suddenly that no one can dodge its payment
its payment causes minimum incovenience to the tax payer
it induces workers to prefer more leisure to extra work
Comments (0)
