"A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to collectively fund government spending, public expenditures, or as a way to regulate and reduce negative externalities."
The process of collecting money from individuals and businesses to support government operations and programs.
Principles of taxation: Fundamental principles which guide tax authorities in designing and imposing taxes.
Types of taxes: This topic covers the different types of taxes imposed in a country, including income tax, sales tax, excise tax, property tax, etc.
Tax policy: The set of principles, goals, and objectives that guide government decisions about how to tax individuals and businesses.
Taxation and government expenditure: The relationship between the government's spending and its ability to raise revenue through taxation.
Taxation system: This topic covers the different components of a country's taxation system, including tax administration, enforcement, and compliance.
Taxation of business income: Covers the taxation of businesses and business-related income, including corporate taxation, capital gains and losses, and payroll taxes.
Taxation of personal income: Covers income tax for individuals, exemptions, deductions, and other factors that affect the tax liability of individuals.
Tax procedure and administration: Covers the various procedures and administration aspects of tax collection, filing of tax returns, tax audits, and dispute resolution.
Taxation of international transactions: Deals with the tax implications of cross-border transactions, including transfer pricing, double taxation relief, and treaty negotiation.
Taxation of specific industries: Covers tax policies and regulations affecting specific industries such as real estate, finance, energy and natural resources, and technology.
Tax planning and compliance: Covers strategic tax planning and compliance measures implemented by individuals and businesses to minimize tax liability and avoid any legal complications.
Tax implications of major life events: Covers the tax implications of critical life events such as marriage, divorce, inheritance, retirement, and death.
Tax fraud and evasion: Covers the different forms of tax fraud and evasion, including tax shelter abuses and money laundering.
Taxation and economic development: Covers the relationship between tax policies and economic development, including the effects of tax incentives and tax breaks on businesses and individuals.
Income Taxation: A tax on an individual’s or business’s income or wages received from employment, investments or other sources of income.
Sales Taxation: A tax imposed on the sale of goods or services. It is usually levied as a percentage of the purchase price.
Property Taxation: Taxation on real estate and other property owned by individuals or businesses.
Tariffs Taxation: A tax imposed on imported goods, meant to protect domestic industries from foreign competition.
Excise Taxation: A tax on a specific type of product or service, such as alcohol, cigarettes or gasoline.
Value Added Taxation (VAT): A tax on the value added at each stage of a production process, from the raw materials up to the final product.
Corporate Taxation: A tax on the profits earned by corporations.
Capital Gains Taxation: Taxation on any increase in value of an asset, such as stocks, bonds or real estate.
Estate and Inheritance Taxation: A tax imposed on the transfer of property from a deceased individual to their heirs.
Payroll Taxation: A tax on employee wages, paid by both the employer and the employee, that funds social welfare programs like Social Security and Medicare.
"Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax relief."
"The first known taxation took place in Ancient Egypt around 3000–2800 BC."
"All countries have a tax system in place, in order to pay for public, common societal, or agreed national needs and for the functions of government."
"Some countries levy a flat percentage rate of taxation on personal annual income, but most scale taxes are progressive based on brackets of annual income amounts."
"Countries or subunits often also impose wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, use taxes, environmental taxes, payroll taxes, duties and/or tariffs."
"In economic terms (circular flow of income), taxation transfers wealth from households or businesses to the government."
"This has effects on economic growth and economic welfare that can be both increased (known as fiscal multiplier) or decreased (known as excess burden of taxation)."
"Others such as libertarians and anarcho-capitalists are anti-taxation and denounce taxation broadly or in its entirety, classifying taxation as theft or extortion through coercion along with the use of force."
"Taxation enables the government to generate revenue without heavily interfering with the market and private businesses; taxation preserves the efficiency and productivity of the private sector by allowing individuals and businesses to make their own economic decisions, engage in flexible production, competition and innovation as a result of market forces."
"Certain countries function as tax havens by imposing minimal taxes on the personal income of individuals and on corporate income. These tax havens attract capital from abroad whilst resulting in loss of tax revenues within other non-haven countries."
"These tax havens attract capital from abroad whilst resulting in loss of tax revenues within other non-haven countries (through base erosion and profit shifting)."
"Ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax relief."
"Taxation is deemed necessary by general consensus in order for society to function and grow in an orderly and equitable manner through the government provision of public goods and public services."
"Taxation enables the government to generate revenue without heavily interfering with the market and private businesses."
"A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to collectively fund government spending, public expenditures, or as a way to regulate and reduce negative externalities."
"Taxes consist of direct or indirect taxes and may be paid in money or as its labor equivalent."
"Some countries levy a flat percentage rate of taxation on personal annual income, but most scale taxes are progressive based on brackets of annual income amounts."
"Countries or subunits often also impose wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, use taxes, environmental taxes, payroll taxes, duties and/or tariffs."
"These tax havens attract capital from abroad whilst resulting in loss of tax revenues within other non-haven countries."