Reflection on the following:

1. Should you be given the authority to legislate, which of the limitations will you seek to amend, and what other limitations would you propose, and why?

2. Why do you think the government imposes improperly accumulated earnings tax?

3. Is there a difference between exclusion and deduction? Justify.

4. Is VAT advantageous or disadvantageous for a business. Justify.

5. What is the difference between zero rates sales and vat exempt transactions?