- 5 Marks
PT – July 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy
Explanation of how the characteristics of a good tax system can improve Ghana’s tax system.
Question
Adam Smith, reputed as the father of economics, postulated the characteristics of a good tax system as: “equity”, “certainty”, “convenience”, and “economy”. These postulates are still as relevant today as they were in Adam Smith’s days.
Required:
Explain how these characteristics of a good tax system can be employed by the Finance Minister of Ghana to improve the tax system of Ghana. (5 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Adam Smith, Certainty, Convenience, Economy, Equity, Tax System
- Level: Level 2
- Topic: Overview of the Ghanaian Tax System and Fiscal Policy
- Series: JULY 2023
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