Assume the government of UK, doesn’t want the tax system to change the inequality in the...
Assume the government of UK, doesn’t want the tax system to change the inequality in the country, because they think it is not fair to change relative income levels using the tax system. Assume a government official is your friend and asked you what kind of a tax system may serve to this purpose, that will be your answer in one or two sentences?
Homework Answers
If the government of UK does not want the tax system to change the level of inequality in the country, then it is advisable for the government to increase the rate of direct taxation in the economy such as income tax as it taxes the rich more and poor people with no taxes. On the other hand, indirect taxes are levied equally on all classes of people regardless of the income level and thus lead to increase in inequality in the country. It changes the relative income levels in the country.
Thus, government should increase direct tax rates rather than increasing indirect taxation to prevent any increase in inequality in UK.
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