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 …

Revenue, Equity, Efficiency: The primary goal of a national tax system is to generate revenues to pay for the expenditures of government at all levels. Because public expenditures tend to grow at least as …

The tax which each individual is bound to pay ought to be certain, and not arbitrary. The time of payment, the manner of payment, the quantity to be paid, ought all to be clear and plain to the …

Taxes are most commonly classified as either direct or indirect, an example of the former type being the income tax and of the latter the sales tax.

1 ENTRIES FOUND: taxation (noun) taxation /tæk ˈ seɪʃən/ noun Britannica Dictionary definition of TAXATION [noncount] : the action, process, or system of taxing people or things

Corporate income tax is imposed on net profits, computed as the excess of receipts over allowable costs. As an instrument of national policy, the individual income tax has played different roles in …

Income tax laws usually allow certain deductions, money that is tax-free in that it is deducted from gross income before the tax is paid. Two of the most common deductions are personal exemptions and …

A progressive tax is characterized by a more than proportional rise in the tax liability relative to the increase in income, and a regressive tax is characterized by a less than proportional rise in the …

Introduction Governments can get money in various ways. For example, they can charge fees for such things as driver’s licenses. But almost every government gets money simply by demanding a certain …

Although views on what is appropriate in tax policy influence the choice and structure of tax codes, patterns of taxation throughout history can be explained largely by administrative considerations.