PDA

View Full Version : Taxes


Baghdadi77
Oct 20, 2016, 12:46 PM
Hi
I have no experience in economic at all, my question is if the government decide that canceling all taxes on their people and there will be no more taxes. And the government s going to cover financially all needs of the country.
How is that will effect economical on this country and their people?
Thank you

ma0641
Oct 20, 2016, 02:27 PM
Impossible unless the country has other vast sources of revenue. Even Saudi Arabia has 20% corporate tax and 20% income taxation for retirement.

joypulv
Oct 20, 2016, 04:57 PM
Has a slight scent of homework to it.
Therefore, you make an effort to tell us first.

smoothy
Oct 20, 2016, 06:45 PM
I agree this does sound suspiciously like homework.