Foreign Aid Africa Essay

Foreign Aid Africa Essay-77
Accordingly, the Central Government appointed the Committee on Taxation of Agricultural Wealth and Income under the chairmanship of Dr. David Cameron speaks compellingly about international aid.In this article we will discuss about the arguments for and against additional taxation. It is a great economic fact that during process of growth, agriculture has to supply the rest of economy with larger food surplus and raw materials.

Accordingly, the Central Government appointed the Committee on Taxation of Agricultural Wealth and Income under the chairmanship of Dr. David Cameron speaks compellingly about international aid.In this article we will discuss about the arguments for and against additional taxation. It is a great economic fact that during process of growth, agriculture has to supply the rest of economy with larger food surplus and raw materials.

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Consequently, the contribution of rural sector to the revenues of the Govt. The Chief Minister’s Conference on resource mobilisation held in Oct. 1972 to examine the question of agricultural wealth and income from all aspects.

1971 recommended the appointment of an expert committee to examine the Centre’s proposal to link income tax with agricultural income tax.

Consequently, it may not be in national interest’ to tax the revenue of the developing commercial sector of agriculture and thereby discourage the shift from a peasant economy to a market economy.

(3) A good part of the untaxed incomes of the farmers is certainly being invested in the accumulation of farm capital.

It will equalize burden of taxation between agriculturists and non-agriculturist on one hand and landlords and cultivators on the other.

It will tax non-agricultural income of a landlord at a higher rate. land revenue and agricultural income tax have remained static since 1950-51 below 2% of income from agriculture.

In the present circumstances the traditional agricultural taxation has become outmoded and a system of progressive taxation of farm income should be evolved.

It will rectify to some extent the regressive character of our tax system.

It spent £8.7 billion on foreign aid in 2012 — which is 0.56 per cent of national income.

This is to rise to £11.7 billion, or 0.7 per cent of national income, next year.

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