Code: 2.4.4
Understand taxation.
Descriptors
1 · Discover
What you learn at this level
I can outline the purpose of taxation.
2 · Explore
What you learn at this level
I can explain how taxation finances the activities of a country and its part in providing public goods and services.
3 · Experiment
What you learn at this level
- levels:3-4
I can estimate the main accountancy and tax obligations I need to fulfil to meet the tax requirements for my activities.
5 · Improve
What you learn at this level
I can estimate how my financial decisions (investments, buying assets, goods and so on) affect my tax.
6 · Reinforce
What you learn at this level
I can make financial decisions based on current taxation schemes.
7 · Expand
What you learn at this level
I can make financial decisions based on taxation schemes of different countries and territories.