Question Business Management Q Produce an individual written analysis of the issue of how much income tax individuals should have to pay. Please include a discussion of the following in your written analysis:

• An explanation of what "income tax" is, with reference to relevant academic literature;

• The purposes of income tax from a political and economic perspective;

• An exploration of the fairness and equity of any tax system - this should consider the UK tax system as a minimum, but could also include tax systems in other countries ;

• A balanced argument considering the advantages and disadvantages of increasing income tax rates;

• The ethical considerations surrounding increasing or decreasing income tax rates applied to individuals falling within certain income brackets. Your analysis will follow a critical analytical approach by engaging with relevant academic literature and should include relevant quantitative and qualitative data. You are expected to provide evidence of critical assessment of a range of sources. The exploration of relevant source materials should be clearly evidenced to support your arguments [A bibliography is required].