Often taxes are used for reasons other than raising revenues. What are the other purposes for which taxes are used?© BrainMass Inc. brainmass.com June 4, 2020, 2:39 am ad1c9bdddf
Taxes are used for several reasons other than to raise revenue for the government. Many taxes are enacted in local communities that lack businesses. Certain tax incentives encourage businesses to relocate or to open up in that community. Examples include tax credits for businesses that open within a certain time period after the tax credit is established. There are foreign taxes that are established ...
The solution provides a detailed discussion examining the purposes for which taxes are used other than raising revenues.