August 6, 2021
The state’s tax system is influenced by a wide range of factors. The basis for deciding the path of the state’s financial development includes socioeconomic policy, level of living, necessities, and other factors. Taxes have four primary functions: budgetary, control, distribution, and regulation. From the standpoint of public purpose, the functions of taxes reveal their...
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Tax is a mandatory, individually free payment collected by state authorities at various levels from organisations and individuals in order to fund the state’s and (or) municipalities’ activities. Taxes should be distinguished from fees (duties), which are not free but are required in order to conduct particular acts with respect to their payers. Tax Laws...
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