Taxation is a legally compulsory transfer of money from the public to the
government, mainly as a source of government revenue. According to
Bhatia(1987), a tax is a non guid proquo payment in the sense that the benefits
received by the tax payer from the government does not necessarily correspond
to the amount of tax paid. It can be equal, greater or less than the tax paid.
The world over, governments; local to central place a central emphasis on
taxation and taxes. Bhatia (1987); Masgrave and Masgrave (1989); Plank and
Jackson (1973) in the various publication on public finance, have observed that
without taxation, government would not be able to finance their cardinal role of
providing public services. The above-mentioned authors conquer on a number of
rationale for levying of taxes some of which include; -
Providing source of government income for financing public services such as
education, health and transport services to mention but few.
Protection of domestic industries from competition from dumped cheap
commodities from other countries.
Reduce income inequalities, especially when a given tax system is progressive in
Edu, F (2021). The Impact Of Taxation On Development Of Adumi Sub-County In Arua District- Uganda. Afribary.com: Retrieved June 20, 2021, from https://afribary.com/works/the-impact-of-taxation-on-development-of-adumi-sub-county-in-arua-district-uganda
Frontiers, Edu. "The Impact Of Taxation On Development Of Adumi Sub-County In Arua District- Uganda" Afribary.com. Afribary.com, 10 Jun. 2021, https://afribary.com/works/the-impact-of-taxation-on-development-of-adumi-sub-county-in-arua-district-uganda . Accessed 20 Jun. 2021.
Frontiers, Edu. "The Impact Of Taxation On Development Of Adumi Sub-County In Arua District- Uganda". Afribary.com, Afribary.com, 10 Jun. 2021. Web. 20 Jun. 2021. < https://afribary.com/works/the-impact-of-taxation-on-development-of-adumi-sub-county-in-arua-district-uganda >.
Frontiers, Edu. "The Impact Of Taxation On Development Of Adumi Sub-County In Arua District- Uganda" Afribary.com (2021). Accessed June 20, 2021. https://afribary.com/works/the-impact-of-taxation-on-development-of-adumi-sub-county-in-arua-district-uganda