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Taxation | Definition, Purpose, Importance, Types . . . 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)
Taxation: What It Is, How It Works, Types, and Examples Taxation refers to the process through which a government imposes financial obligations on its citizens and entities, collecting revenue to finance public services, infrastructure development, and various government initiatives
Taxation - Overview, How it Works, Types, Classes Taxation occurs when a governmental authority imposes levies on citizens and business organizations Fees paid through taxation are compulsory and may not be linked to any service delivery
Understanding Taxation: Types, Purposes, and Justifications Historically, taxation has served various purposes beyond funding government expenditures, such as supporting ruling classes, building defenses, and maintaining the status quo Early justifications for taxation relied on divine or supranational rights
What Is Taxation? - The Motley Fool Taxation is the process by which a government collects money from individuals and businesses to fund public services and infrastructure Taxes can come in various forms, such as income taxes,