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Taxation | Definition, Purpose, Importance, Types | Britannica Money Taxation is the imposition of compulsory levies on individuals or entities by governments in almost every country of the world Taxation is used primarily to raise revenue for government expenditures, though it can serve other purposes as well
Tax - Wikipedia In economic terms (circular flow of income), taxation transfers wealth from households or businesses to the government This affects economic growth and welfare, which can be increased (known as fiscal multiplier) or decreased (known as excess burden of taxation)
Taxes Definition: Types, Who Pays, and Why - Investopedia Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national Tax revenues finance government activities, including public
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