Jobless Rate Surge Poses Tax Threat

A spike in unemployment could severely shrink the tax base and weaken government revenue, warns a leading business and economics expert. In a recent interview, Josef Kefas Sheehama explained that fewer taxpayers mean lower collections and greater pressure on welfare spending. He says this cycle could drag down economic growth if urgent solutions aren’t found. 

The post Jobless Rate Surge Poses Tax Threat first appeared on Future Media News.

The post Jobless Rate Surge Poses Tax Threat appeared first on Future Media News.