Question 16 Not yet answered Marked out of 0.50 Flag question Tariffs are taxes on imports will decrease the cost of imported goods. Select one: a. TRUE b. FALSE Tax avoidance is using the taxation regime to one's own advantage by arranging your affairs to minimize your tax liability Select one: a. TRUE b. FALSE The main purpose of taxation is to generate revenue to the government and to reduce the gap between the rich and poor in the society Select one: a. TRUE b. FALSE Question 19 Not yet answered Marked out of 0.50 Flag question Property tax is also payable in respect of certain gifts during an individual's lifetime Select one: a. TRUE b. FALSE Question 20 Not yet answered Marked out of 0.50 Flag question Dynamic forecast is the straightforward method of calculating the incremental revenue resulting change in the rate structure Select one: a. TRUE b. FALSE