Are the following statements TRUE or FALSE?

1 Taxes can be designed both to discourage and to encourage spending. 2 The same amount of money can be taxed more than once. 3 Progressive taxes may discourage people from working extra hours. 4 Sales taxes are unfair because poor people spend more than the rich. 5 The Italian government knows that about one seventh of national income escapes taxation. 6 'Loopholes' are a common form of tax evasion. 7 If you pay a lot of your income into a pension fund or a life insurance policy you never have to pay tax on it. 8 A company that makes an unusually large profit during a tax year might quickly decide to spend it, for example, on a new factory or equipment