Distinguish non-payment of debt versus non-payment of tax in terms of consequences.

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07-02-2022
Business

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Distinguish non-payment of debt versus non-payment of tax in terms of consequences.

Sagot :

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Azikennamdiidn Azikennamdiidn · Answer 1 · 2022-02-21T05:58:57-05:00

The key difference between refusal to pay taxes and the refusal to pay debts is that taxes are monies owed to the government while debts are monies owed to an individual or a business.

What are the Differences between Tax and Debt Payment?

When a person refuses to pay tax, they are penalized and in some cases can have their physical assets and even monies seized. In extreme cases, the person may be sent to jail.

The consequences of non-payment of debts how usually do not to to the extent of being sent to jail.

See the link below for more about tax payment:

https://brainly.com/question/2135349

Sagot :

What are the Differences between Tax and Debt Payment?

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