buisness chp 31

• purpose of taxtation

  financial , social , legal , ethical
• finiancial perspective

  • help promote the sales of irish produced goods and services
  • help certain industries by reducing VAT for their goods and services
  • encourage people to buy mire goods and services
  • provide income for the goverment to help finance running the country
• social perspective

  • improve peples health by taxing goods and services such as alchol , sugary foods , ciggarettes
• legal perspective

  • money collected from taxation is used to keep law and order in the country
  • law requires all citzens of the country to pay their fair share of taxes
  • certain groups are responsible for collecting taxes on behalf of the goverment
• ethical perspective

  • help redistribute income in a fairer way by taxing higher earners more than lower earners
  • raise money for the department of employement affair and social protection that can be used to support the poor
  • provide state services to everyone but taxing the wealthy more than the rest to pay for these services example child benefit
• taxation good

  1. public servics and infrastructure eg. roads
  2. protect irish jobs by increasing the price of some important goods
  3. protecting the enviroment by reducing taxes
  4. improvong peoples health by taxing goods such as ciggarettes
  5. helping the poorer people in the community through social welfare payements
• taxation bad

  1. high taxes can cause people to buy less .
  2. taxes like VAT hit poorer people more than those who can afford to pay , yet everyone has to pay the same amount