In recent years,what has been the most common reason for tax reforms in formerly planned economies?
A)to create new incentives for domestic and foreign investment
B)to create a more equal distribution of income
C)to protect the environment
D)to eliminate the threat of hyperinflation

Question

Quizplus · Accepted Answer

In formerly planned economies, tax reforms are often implemented to create new incentives for domestic and foreign investment in order to stimulate economic growth and development. This can include lowering tax rates or providing tax breaks for certain industries or investments. Other reasons, such as creating a more equal distribution of income or protecting the environment, may also be factors in tax reform, but they are not as commonly cited as the need to stimulate investment. Eliminating the threat of hyperinflation may also be a goal of tax reform, but it is less directly related to tax policy than other factors such as monetary and fiscal policy.

In Recent Years,what Has Been the Most Common Reason for Tax