South African residents are taxed on their worldwide income. Credit is granted in South Africa for foreign taxes paid. Non-residents are taxed on their South African sourced income. The same rates https://taxsummaries.pwc.com/south-africa/individual/taxes-on-personal-income Which one of the following statements regarding taxes is of tax are applicable to both residents and non-residents. correct? ⒸA. The aim of taxes is to change the behaviour of people. OB. Taxes which distort relative prices are not neutral. C. In a good tax system compliance costs are equal to administration costs. OD. Equity in the tax system ensures simplicity and neutrality.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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South African residents are taxed on their worldwide income. Credit is granted in South Africa for foreign taxes paid. Non-residents are taxed on their South African sourced income. The same rates
https://taxsummaries.pwc.com/south-africa/individual/taxes-on-personal-income
Which one of the following statements regarding taxes is
of tax are applicable to both residents and non-residents.
correct?
ⒸA. The aim of taxes is to change the behaviour of people.
B. Taxes which distort relative prices are not neutral.
ⒸC. In a good tax system compliance costs are equal to administration costs.
D. Equity in the tax system ensures simplicity and neutrality.
Transcribed Image Text:South African residents are taxed on their worldwide income. Credit is granted in South Africa for foreign taxes paid. Non-residents are taxed on their South African sourced income. The same rates https://taxsummaries.pwc.com/south-africa/individual/taxes-on-personal-income Which one of the following statements regarding taxes is of tax are applicable to both residents and non-residents. correct? ⒸA. The aim of taxes is to change the behaviour of people. B. Taxes which distort relative prices are not neutral. ⒸC. In a good tax system compliance costs are equal to administration costs. D. Equity in the tax system ensures simplicity and neutrality.
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