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All payments individuals or businesses make to a government or any government body are taxes. True False Which of the following taxes was introduced in
- All payments individuals or businesses make to a government or any government body are taxes.
- True
- False
- Which of the following taxes was introduced in UAE in 2018?
- Income tax
- Wealth tax
- Value added tax
- Capital gains tax
- Why do governments collect taxes from individuals and businesses?
- To make governments richer than any other individual, association or business entity
- To discourage people from accumulating wealth
- To finance expenditure governments make in performance of their duties towards state and people such as education, policing and building infrastructure
- To allow governments have enough money for spending on government officers and ministers
- If a government will impose tax on hotel stays, occupancy rate in hotels will____
- likely to increase
- likely to decrease
- It is fair to have a system where all individuals living in a country pay the same amount of tax to governments.
- True
- False
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