Risk definition: The first step in risk management is risk identification by determining the likely sources of risk and the magnitude of risk, which threatens the objectives of tax collection by developing a list of potential risks.
The potential risk in tax collection, when we consider that the biggest tax payers are those closest to power, and are in the know of how tax is collected and expended, will feel hard done that their hard earned income is squandered. The ordinary citizens see the misuse of government resources and will not voluntarily take their head to slaughter by paying for the lifestyles of their oppressors.
It seems that the poor do not have access to quality of life and their meager income is collected and utilized to finance the lifestyle of the elite.
Risk analysis
