Purpose of Taxation?

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The purpose of taxation is to raise revenues for the functioning and running of the government machineries. Taxation also improves the services the government offers to its people and also increases the quantum of revenue collection.
Q&A Related to "Purpose of Taxation?"
To provide revenue to government for its operation and programs.
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To accumulate funds for the functioning of the government machineries. Improvement
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The purpose of taxation in general is for the government to raise money. The federal income tax, the way it is set up, also tries to achieve "social goals," such as taxing
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The generally accepted definition of the English word pupose is that purpose is an object that a person strives to achieve in their life. In other words, purpose is definied as an
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Purpose of Taxes
Oliver Wendell Holmes, a former Supreme Court justice, once said that "taxes are what we pay for a civilized society." Taxes are the charges that the government levies on individuals and companies living and working within its boundaries. The government... More »
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There are several purposes of taxation such as to accumulate funds for the function of the government machineries, to improve services of the government, improve employment at all industry verticals, induction of modern technology in to the system, rationalization of terms and condition of the economic system and rationalization of employment terms and conditions.
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A Business Registration Number, BRN identifies a business to the state government for licensing and taxation purposes. The Business Registration Number is used ...
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