Topic 1: Increasing travels between countries enable people to learn different cultures or to increase tension between people from different countries

recession
, the government can reduce the tax and present tax 
incentives, 
which  proves  to  be  an  effective  policy  in  reviving  the  economy.  By  contrast,  during  the  periods  of 
growth,  the  government  can  raise  the  tax  rate  so  as  to  prevent  an  overheated  economy  and  combat 
inflation. It is fair to say that tax is one of the main tools in establishing a healthy environment conducive 
to business's sustained growth. 
What have been discussed above are the benefits brought by taxation, all being essential to a country, 
its  businesses  and  individual  taxpayers.  Although  many  taxpayers  feel  pressured  by  taxes,  they  will 
eventually benefit from the taxes they have paid and should therefore bear tax liabilities. 
1.
 
headache = problem = annoyance 
2.
 
appropriation = acquisition = seizure = requisition 
3.
 
earning = remuneration = wage = income = take-home pay = salary 
4.
 
safeguard = protection = precaution 
5.
 
later years = last few years of one's life 
6.
 
haves and have-nots = rich and poor 
7.
 
recession = downturn = depression = slump 
8.
 
incentive = encouragement 

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