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The profile of local sales and income tax revenues over time differs from that of local...

The profile of local sales and income tax revenues over time differs from that of local real property taxes. How would those differences influence the revenue structure that a local government should adopt?

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Answer #1

The profile of local sales will be created as per the local government laws and other conditions regarding the same.

The local sales are as per the benefit of local government.

The way in which central governments raise and spend revenue has a substantial impact on the economic and social development of nations.

The tax laws which are provided by the Central Government will always supersede the local ones.

The local government can overcome such flukes by understanding the laws of Central Government for revenue and accordingly making the policy which will suit for the benefit of both customers as well as the local government.

Such policies will also let the customers happy.

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