To raise money to pay for the runing costs of a country or locality.
outline the reasons for taxation
role of taxation in business
Taxation and gold mining
The nature and scope of business taxation spreads across all the business sectors. Taxation in business is imposed so as business owners can get the privilege of doing business.
taxation
The purpose of taxation in general is for the government to raise money.
A cadastre is a public survey of land for the purpose of taxation or a register of such surveys.
It established an inventory used for the purpose of taxation.
revenue for government programs and operations
Income tax brackets enable the progressive taxation of income.
To enable the progressive taxation of income
To enable the progressive taxation of income.
to pay for the debt from the war
The 1987 Philippine Constitution sets limitations on the exercise of the power to tax. The rule of taxation shall be uniform and equitable. The Congress shall evolve a progressive system of taxation. All money collected on any tax levied for a special purpose shall be treated as a special fund and paid out for such purpose only. If the purpose for which a special fund was created has been fulfilled or abandoned, the balance, if any, shall be transferred to the general funds of the Government. The 1987 Philippine Constitution sets limitations on the exercise of the power to tax. The rule of taxation shall be uniform and equitable. The Congress shall evolve a progressive system of taxation. All money collected on any tax levied for a special purpose shall be treated as a special fund and paid out for such purpose only. If the purpose for which a special fund was created has been fulfilled or abandoned, the balance, if any, shall be transferred to the general funds of the Government. The 1987 Philippine Constitution sets limitations on the exercise of the power to tax. The rule of taxation shall be uniform and equitable. The Congress shall evolve a progressive system of taxation. All money collected on any tax levied for a special purpose shall be treated as a special fund and paid out for such purpose only. If the purpose for which a special fund was created has been fulfilled or abandoned, the balance, if any, shall be transferred to the general funds of the Government.
Three fifts compromise
The main purpose of our government in imposing taxes is to raise fund enable for them to work, because taxation is the strongest power of the government and therefore, it is highly needed by them.
The primary purpose of taxation is to raise money for the government. Some taxes also discourage certain behaviors such as smoking and drinking ( the so-called sin taxes ) and redistribute wealth, taxes such as the graduated income tax and inheritance tax. Protective tariffs protect domestic industries from foreign competition.