Attributes in designing a good tax system, Managerial Economics

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Question:

a. What are the basic attributes in designing a good tax system?

b. Explain briefly how tax systems affect economic efficiency.

c. The trade unionists advocate a change from a 15% flat rate on income tax to a graduated tax starting at a rate of 5% to 15% accompanied by incentives for housing and educational allowances? What do you think may be the implications?


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