> Fardinertal Pisa PURPOSES OF TAXATION {._ Primary: Revenue or Fiscal PUBOS? 4 a eu ‘The primary purpose of i to provide funds or property with which fo promote the General way, nd the protection of is cic a as ch it to Snares multifarious activities. A governmen! administrative se sniy through public funding which is cotated inthe form of ax, ? Examples of taxes imposed for raising revenues are income a business taxes. 2, Secondary: Regulatory Purpose (or SumptuaryiCompersatony) rae ee cco ers et taxation is offen. Pa sere oes Gon tion of State's police power) by regulation or contro! (implementat means of which certain effects or conditions envisioned by the ‘goverment may be achieved such @s: @) Promotion of General Welfare 8) Reduction of Social equality c) Economic Growth Examples of Toxes + Excise taxes for sin products such as imposed for Cigarettes and alcohols. regulation * Amusement taxes. for “amusement places’ such as nigh and day clubs, cockpits and racetracks ‘Examples of means * Increasing taxes in periods of prosperty 0 of attaining some cur spending power and halt inition. sou ee Grieg ae mite 6 promt je rough _newipioneer industries and encourage growin texation focal industries.