Question
Assuming that you are watching a television program dubbed Taxation; an essential fiscal policy tool for mobilizing resources for socio-economic development that has helped and
Assuming that you are watching a television program dubbed Taxation; an essential fiscal policy tool for mobilizing resources for socio-economic development that has helped and hurt economies the world over including Ghana with your dad who is fully aware that you are a Level 300 BBA Accounting student who has scored an A in Principles and Practice of Taxation Course. On the program, advocates and economists for taxation are unanimous on the view that taxation is an essential tool for mobilizing resources for socio-economic development and in particular for a middle-income country such as Ghana, hence should be prioritized over both public and private business incentives. On the contrary, some critics especially political analysts, have argued that governments over the world should rather create enabling environment for private businesses to flourish including granting tax incentives as a way of creating jobs for the unemployed youth and that governments should not directly engage in business. They sum this up often with the statement that Government has no business doing business, so, therefore, should concentrate on taxation. Others, however, hold a contrary views on this matter making this an endless debate. Your father has become so confused than ever, and consequently, asked of your opinion on the matter above
Required: What is your take on the matter above?
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