discuss the tax revenues a government can raise from tourism industry and where it can spend...

discuss the tax revenues a government can raise from tourism industry and where it can spend the revenues to promote tourism?

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Expert Solution

Tax from tourism industry has become the major income source of economic growth. Now major countries like India, Thailand are concentrating on tourism sector.which may be meditourism, ecotourism, entertainment tourism , edu tourism which contribute to government by generating revenue. Taxation on hotels, Visa's, travel tickets, food industry and entertainment which generate major revenue for government.

Government can spend the revenue to promote tourism by creating economic development and investment in infrastructure like roads and transportation, hotels, restaurants, safe water and financial system. Increase the scope of foreign trade and quality of life of the people and ecological sustainable programs.

Rahul Sunny answered 1 year ago

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