Taxation Success or the positive impact is it will lead to a success to an insurance company because they have fixed rate of tax and as they have a large number of people in a business they make more profit. While the negative impact or failure is if there is a crisis in a business they could make a less profit and pay tax while the legislation success it will lead to a success because in a business employees could be protected due to the act while the legislation failure is it must also hold an AGM and that could be an extra cost, financial statement may expose information to competitors which may limit success Also, taxation decreases the revenue earned by a firm by 28% it means this affects the business negatively. And when taxation is paid it positively improve the economic growth.
