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What is Definition and Characteristics of Tax about?

The document defines tax and lists its key characteristics. A tax is defined as a compulsory contribution from individuals to the state to fund common services without direct benefit to taxpayers. Taxes have 11 key features: they are legally required, a personal obligation, compulsory, involve sacrifice, only imposed by governments, aim to raise revenue, achieve socio-economic goals, fund common benefits, benefits are not guaranteed, are not fees for specific services, and are paid from income even if asses

Author

Sumit Bain

Language

EN