What is TAX and countries for TAX Tax is a compulsory financial charge or levy imposed by the government on individuals, businesses, or other entities to fund public expenditures and services. It is a way for the government to generate revenue that is used to finance various public goods and services, such as infrastructure development, healthcare, education, defense, and social welfare programs. Taxation is a fundamental aspect of a country’s fiscal policy and is typically enforced by legislation. Governments at different levels, such as national, state, and local, may impose…
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