Many governments are gradually shifting their focus from direct taxes to indirect taxes as theirmain source of tax revenue.Explain possible reasons for this trend.

Name the conditions that must be fulfilled in order for a building to qualify for industrial building deductions

A group of women in your neighbourhood have pooled some capital which they intend toinvest in securities that would generate income inform of interest and dividend. The leader of the women group has approached you for information on taxation of interest and dividend income accruing from various investments.

Briefly advise the women group on the taxation of income accruing from:

(i) Treasury bills.

(ii) Preference shares.

(iii) Fixed deposit accounts

(iv) Ordinary shares.

Outline the benefits which may accrue to a country from being a signatory to the "mostfavoured nation status" agreement.