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I EZE JUDITH CHINNED PG/MBA/11/60288 EFFECTIVENESS OF TAXATION AS AN INSTRUMENT FOR CONTROL OF MONEY IN CIRCULATION DEPARTMENT OF ACCOUNTANCY FACULTY OF BUSINESS ADMINISTRATION Above Irene E. Digitally
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Taxation is considered effective when it is able to generate enough revenue for the government to fund public services and programs, promote economic growth, and redistribute wealth.
All individuals, businesses, and organizations that meet the income threshold set by the government are required to file their taxation.
To fill out tax forms, individuals and businesses need to report their income, deductions, and credits accurately. They can either do it manually or use tax software.
The main purpose of taxation is to raise revenue for the government to finance public services and programs, as well as to promote social and economic objectives.
Taxpayers must report their income, deductions, credits, and any other relevant financial information to the government when filing their taxes.
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