Running head: TAX RETURN PROBLEM
Tax Return Problem
TAX RETURN PROBLEM
Tax payment is the core driver for every economic sector in a nation. It helps to effect
any nation’s growth and development. Equally, taxes help a country achieve independence and
sovereignty. Consequently, taxes cannot flow without the existence of active entrepreneurship.
The main engine of economic development is entrepreneurship. In our case, for example, Toni is
an entrepreneur and contributes immensely towards the development of the economy of her
nation (CPA PARTNERS, LLC, 2019). Similarly, in the modern world, strive to implement
policies that would help stimulate entrepreneurship as a way of fostering economic growth and
innovation, reducing poverty and creating new employment opportunities.
Furthermore, taxation is one of the notable tools at any government’s disposal that can be
utilized to maximize a country’s benefits. In this aspect, governments have a responsibility of
coming up with policy options and proper taxation framework to support entrepreneurship both
the collaborative and traditional economy. Equally, the policies should provide measures to
undertake in case of tax evasions by the taxpayers. Therefore, tax planning is essential for...
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