Question
The South African Institute of Chartered Accountants (SAICA) says South Africa should revisit the possibility of lowering its tax-to-GDP ratio and introducing a tax ceiling.
"The South African Institute of Chartered Accountants (SAICA) says South Africa should revisit the possibility of lowering its tax-to-GDP ratio and introducing a tax ceiling".
Source: https://businesstech.co.za/news/finance/564674/tax-ceiling-proposed-forsouth-africa/
Question:
With the aid of a diagram, explain why very high taxes may be damaging for the economy. Please don't give handwritten answers
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Managerial Economics and Business Strategy
Authors: Michael Baye, Jeff Prince
9th edition
9781259896422, 1259290611, 1259896420, 978-1259290619
