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    Baghdadi77's Avatar
    Baghdadi77 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 20, 2016, 12:46 PM
    Taxes
    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's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    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's Avatar
    joypulv Posts: 21,591, Reputation: 2941
    current pert
    		  
    #3

    Oct 20, 2016, 04:57 PM
    Has a slight scent of homework to it.
    Therefore, you make an effort to tell us first.
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
    Uber Member
    		  
    #4

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