Tax exemptions and subsidies are required to______________________
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They are required to domestic purpose, foreing trade and to the government.
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Tax exemptions and subsidies are required to ....improve economic condition of the weaker section the people....
Subsidy is the financial assistance given by the government to the economically and socially vulnerable people, to strengthen the economic and social status of such people. This promotes the government's reform policies.
Similarly, tax exemption is also a scheme in which tax exemption is provided to those who are not able to pay tax due to their weak social and economic status.
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