Question 1. Taxation, though is now considered a separate field of study, can still be best described...

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Economics

Question 1.
Taxation, though is now considered a separate field of study, canstill be best described as Fiscal Policy tool for public EconomicGovernance and Financial Accountability for Development. Theconclusion of the matter therefore is that \"Fiscal Challenges andDebt problem are the results of weak Economic Governanceparticularly due to the poor strategic Management of Optimal Taxpolicy from Tue Fiscal/Budgetary Input Dynamics point\".
Thus,' the more government income is 'earned', themore likely are state-society relations to be characterized byaccountability, responsiveness and democracy. Tax's are thereforethe very legal Consideration of the Social Contract for the FiscalGovernance of Modern States\". Discuss.

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Introduction Fiscal policy is the use of government spending and taxation to influence the economy When the government decides on the goods and services it purchases the transfer payments it distributes or the taxes it collects it is engaging in fiscal policy The primary economic impact of any change in the government budget is felt by particular groupsa tax cut for families with children for example raises their disposable income Discussions of fiscal policy however generally focus on the effect of changes in the government budget on the overall economy Although changes in taxes or spending that are revenue neutral may be construed as fiscal policyand may affect the aggregate level of output by changing the incentives that firms or individuals facethe term fiscal policy is usually used to describe the effect on the aggregate economy of the overall levels of spending and taxation and more particularly the gap between them In an open economy fiscal policy also affects the exchange rate and the trade balance In the case of a fiscal expansion the rise in interest rates due to government borrowing attracts foreign capital In their attempt to get more dollars to invest foreigners bid up the price of the dollar causing an See Answer

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