Outline four reasons why it is important for the government to undertake taxation

Answer:

-To raise government revenue
-To discourage consumption of certain commodities e.g beer, cigarettes etc
-To discourage dumping of goods
-To discourage location of firms in certain areas
-To prevent illegal businesses
-To bridge the gap between poor and the rich.
-To protect local industries from collapsing due to competition posed by imported goods

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