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Taxation is a legal process by which governments levy charges on individuals and entities to raise revenue for public services, encompassing various types of taxes and classifications. A sound tax system should adhere to principles such as equity, certainty, convenience, economic efficiency, flexibility, and neutrality, while also respecting inherent and constitutional limitations. The power of taxation is a fundamental attribute of sovereignty, primarily aimed at generating revenue for government operation

Author

Ford Abc Def

Language

EN