EconomicsCode 2281
Taxation
What this topic asks you to be able to do
- the purposes behind taxation: bringing in revenue, deterring consumption of demerit goods, cutting imports, redistributing income, shaping overall demand, fostering environmental sustainability
- instances of the various ways taxes are grouped: progressive, regressive, proportional; direct, indirect
- how consumers, workers, producers/firms, the government and the economy are affected by taxation