Finance and financial system

Ex 3. Critical Thinking. Define whether the statements below true or false and give your reasons.

1.     The system of taxation is unfair.

2.     Direct taxes are considered fairer than indirect.

3.     Property tax is easy to collect.

4.     The financing function of taxation is to distribute dividends.

5.     Political competitive parties have their programmes for government spending and taxation.

6.     Taxes on commodities or service are know as indirect taxes.

7.     Taxes are not a powerful instrument.

8.     Tobacco and alcoholic drinks are taxed heavily in many countries.

 

TAX SYSTEM OF THE REPUBLIC OF UZBEKISTAN

Ex 1. Give the English interpretation of the following expressions by using English terminological dictionary:

stimulation                    manufacturing                eliminate

re–distributive               accumulative                 avoidance

pivotal                           compile                         adversely

channel                         framework                     surveillance

priority                          hamper                          facilitate