NAME: SALAZAR, ALYZA FRANZ C.

DATE: November 20, 2020

BS CRIM – BAC SCHEDULE: MWF 11:00-12:00

Answer the following questions briefly.

1. How important is tax to the government?
Tax collection is significant on the grounds that without this, governments would be not able to
fulfill the needs of their social orders. Assessments are urgent on the grounds that administrations
gather this cash and use it to back social undertakings. A portion of these undertakings
incorporates health, education, governance, and other significant frameworks, for example,
development, transport, and housing. Without taxes, government commitments to the well-being
area would be inconceivable. Charges go to subsidizing wellbeing administrations, for example,
social medical services, clinical examination, and social security. Schooling could be one of the

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most meriting beneficiaries of duty cash. Governments put a great deal of significance on the

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improvement of human resources and education is fundamental to this turn of events. Cash from

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charges is diverted to subsidizing, outfitting, and keeping up the government-funded instruction
framework. The administration is a critical segment in the smooth running of national issues.

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Helpless administration would have sweeping implications on the whole nation with a substantial
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cost for its financial development. The great administration guarantees that the cash gathered is
used in a way that benefits residents of the nation. This cash likewise goes to pay local officials,
cops, individuals from parliaments, the postal framework, and others. For sure, with an appropriate
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and working type of government, there will be no successful security of public interest. Moreover,
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taxes can influence the condition of the monetary development of a nation. Taxes for the most part
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add to the Gross Domestic Product (GDP) of a nation. In light of this commitment, taxes help spur
financial development which thus has an expanding influence on the nation's economy increasing
the expectation of living and expanding position creation.
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2. How can the government improve tax collections without imposing too
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much tax on the consumers?

To help improve tax collections without forcing an excessive amount of assessment on purchasers,
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the public authority should initially coordinate the expenses on endowments, estates, income,
organizations, and shareholder-level income into one overall tax, in the process killing escape
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clauses utilized by rich individuals to try not to settle charges. Level the duty rates between
customary pay and capital additions pay, rather than charging capital increases at a lower rate.
Eliminate the cap on federal retirement aide charges, so big-league salary individuals keep on
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paying the assessment on the entirety of their pay and abatement tension on the IRS to review
needy individuals.

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