The case portrays the need for a review of income and property taxes, highlighting information on which taxes should or should not have their exemption limits extended and how this affects the country's infrastructure.
Accordingly, we can answer the other questions as follows:
- Economic research is against increasing the income tax exemption limit, as this would harm the poorest population.
- The research states that the property tax is important for the growth of the country's infrastructure, in addition to falling on objects that are easy to identify and that belong to the richest population.
<h3>How does the survey present this information?</h3>
The research shows that the income import should matter the exemption in the poorest population and this is a way to promote more taxpayers for this tax. This is because by allowing poor people to be exempt from income tax, the State promotes economic ascension, allowing these people to reach higher economic levels and leave the lower classes, becoming taxpayers.
However, the research is in favor of extending the exemption limits for property tax. This is because these taxes must fall on people who own buildings and residences. These people have a higher economic standard and are easily identified since the properties are immovable assets.
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Explanation:
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Explain factors taken into consideration to determine the similarity of a name for it to be called “undesirable” under section 24 of the Companies Act (Chapter 24:03
