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PART A

The following question relate to the nature and the necessity of tax levying by the governments in accomplishing of efficientallocation of finance;

Discuss such need for taxation in finance under the following sub topics;

a)revenue raising

b) Stability of the economy

c)policy protection

d)social welfare

e)income distribution fairness

f)resource allocation

g)increase in employment

PART B

Analyze the following principles of taxation in the optimization of financial matters

a)simplicity

b)certainty

c)convenience

d)economic efficiency

PART C

What is your understanding of the following phenomenon's of finance and their applicability to any optima l taxation system

a)taxable capacity

b)neutrality

c)productivity