Corrects market failure
Companies are in favor of it as they pass on the costs to their consumers
Provides public goods
More than advantages, taxation is the source of funds for the state- to run the government machinery as well as to provide the capital for State's works- like say building of roads or other public works. If one should look at advantages, it i.e. taxation helps in containing accumulation of dangerous[to the power of the state] amounts of wealth in individual or groups of individuals hands. Taxation - the rates or so dsigned as to contain this!.
example of power taxation
i'm pretty sure it was "No Taxation Without Representation."
are you talking about buisiness mergers, or marriage, or perhaps a buisiness partner, like in a law firm?
Taxation, changing business structure, formation, ownership, and distribution of profit.
One of the key advantages of a Roth IRA investment is that one will have the ability to have investment earnings completely without taxation. Of course, this comes with a price.
Generally dis-advantages...double taxation on earnings at least. Business 101.
It helps communicate our ideas to a vast majority of people and to make it private
The advantages of choosing an LLC over a corporation include simpler management structure, pass-through taxation, limited liability protection, and flexibility in profit distribution.
It is rare to find someone who is supportive of taxation.The heavy taxation of sugar in their region led to a rebellion.
Double taxation can provide several advantages, including increased revenue for governments, which can be used to fund public services and infrastructure. It also promotes tax compliance and transparency, as individuals and corporations may be more likely to report their income accurately when facing taxation in multiple jurisdictions. Additionally, double taxation treaties can encourage international trade and investment by providing clearer rules and reducing the risk of tax evasion. Lastly, it can help prevent tax avoidance strategies that exploit gaps in tax laws across different countries.
The American colonists started a revolution because of taxation without representation. The American middle class currently needs some relief from taxation.