The Economic Survey 2019 suggest that the psychological biases can be used in the realm of tax compliance. It is in favour of using religious norms such as ‘dying in debt is a sin’ to improve tax compliance.
Identify the related dimensions of business environment
- Legal dimension and Social dimension
- Social dimension and Economic dimension
- Technological dimension and Political dimension
- Political dimension and Economic dimension
which option is correct
Dear Student
Related dimensions are:
1. Legal dimension and social dimension.
Tax compliance comes under legal dimension because it is a law which a business needs to follow if it operates in the area in which that law follows.
And social dimension
This event is concerned with social dimension because it concerns with the religious norms , in order to influence people so that they voluntarily pay their taxes on time govt. plans to use these norms such as 'dying in debt is a sin' so as to reduce tax pay defaulters and improve tax compliance.
Regards
Related dimensions are:
1. Legal dimension and social dimension.
Tax compliance comes under legal dimension because it is a law which a business needs to follow if it operates in the area in which that law follows.
And social dimension
This event is concerned with social dimension because it concerns with the religious norms , in order to influence people so that they voluntarily pay their taxes on time govt. plans to use these norms such as 'dying in debt is a sin' so as to reduce tax pay defaulters and improve tax compliance.
Regards