Assignment Task:
Read the extract below and answer the question that follows:
Taxes are transfer of resources from persons or economic to government and are essentially compulsory. There is not necessary a direct connection between the resources transferred to government and the goods and services it supplies. In fact, government often compels one group to of individuals to make payments that are to finance activities for the benefit groups.
1. With reference to this reflect and comment on the reasoning behind government's strategy to levy company tax.
2. Indicate how the section 55(2) of the South African Constitution of 1996 ensures parliament and provincial legislatures have power of oversight over their bureaucracies.