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Taxation - Essay Example

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Some of the key pillars that the general public ought to participate in are business engagement, investments in various projects within their mother country and…
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Download file to see previous pages However, this can only be possible if the public participate in funding the state in order to purchase necessary weapons and also employ the disciplinary forces. The benefit enjoyed by the public in terms of services due to their tax contribution is immeasurable. It is; therefore, appropriate to suggest that Chancellor Osborne is right when he relays the state’s perceptive of tax evasion. The Shaban Mahamood of Shadow exchequer secretary, comments on the state of living being higher than the standard expectation. From his comments, it is clear that, Shaban expects the state to make the cost of living to that level where each of the citizens living United Kingdom can afford. He has held the state at ransom for not playing its role in reducing the cost of living to its general public. Shaban’s comments clearly indicate that the state then has all the rights to demand and even place criminal charges to people evading taxation. The reason behind the support of the state is that, it will only be in a position to provide the so said services if the public plays its rightful role of paying taxes (Davidson 2011).
offshore has been compared to a criminal act. The state has even gone further to formulate policies that strengths the taxman. In addition, the people who willingly provide the state with information regarding the evasion of tax by others will be rewarded heftily. As though this is not enough, the UK state has promised to cooperate with the rest of countries that are fighting tax evasion. In the new criminal act targeting the tax evaders, the state has included harsher punishment, longer jail terms and double payment of the evaded taxes. Furthermore, the state continues to quote the amount of recovered taxes in the past two state budget years. As was of rubberstamping the essence of paying taxes, the politician has also used the issue in their campaigns. It is clear from ...Download file to see next pagesRead More
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