Tax acts and rules that are coming up from the authorities are one of the most observed things by all citizens in a country this is due to the fact that they influence the individual’s daily lives this s mostly in the business transactions that involves currency such as buying things and selling them.
The government came up with the act 2017 which was contributed a lot by the republican administration due to their majority in the voting the major function of the tax act was to ensure the success of the budget of the 2018 year.
The following are some of the factors that may lead to the to the formation and change of the tax act despite the many reasons that may attribute to their functions.
There are a lot of styles of leadership hat are portrayed by individual’s in power, this is one of the reasons for the changes of the tax act since the style of their leadership needs to be reflected in the tax act that are available, therefore as the individuals in the authority change the tax act will change too.
Ideologies are one of the major causes of change in any sector, the ideology is always the driving factor in anything this is due to the fact that each ideology has a purpose and the purpose is achieved by the rules set aside to guide it therefore one of the reasons why the tax act change is due to the fact that the ideology that has come up has to come with its own rules.
Tax acts are also highly affected by the discoveries that have been made in taxation that its operations will lead in to a positive effect for the country and thus as the authorities try to put the changes in to action it will lead in to a new tax act.
One of the major functions of the tax acts set by the government is so as to protect the tax itself since a lot of governments operations depends on the tax.
The amount of the tax that is done to the public has to be controlled since the government wants to ensure that they are giving what is fair this is the reasons why the tax act are made and also to ensure that no one can escape from [paying taxes.
One of the reasons why the tax act are also mad3 is the control of the substances the public is taking for the sake of their health, there are substances that promotes and others that spoils the health of the individuals thus they have to be controlled, the control is done by reducing or increasing the taxes.