Smart Taxation
Given that taxes are a major source of domestic revenue, they are crucial to ensuring a country’s ability to pursue development policies. For poor and lower-middle-income countries, bolstering development efforts means abandoning the prevailing dogma that taxes should only be increased when absolutely necessary.
https://prosyn.org/KDMHJPa
ROME – An effective tax policy that ensures adequate domestic revenue is a crucial determinant of a country’s ability to pursue development policies. But tax revenues in most developing countries are low, impeding progress toward more balanced, inclusive, and sustainable economic development that can improve public health and raise standards of living.