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  • A Tax

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    Pamela Tubig
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    Taxes are mandatory financial charges imposed by governments on individuals and entities to fund public expenditures. Failure to pay taxes, as well as evading or resisting taxation, is punishable by law. Taxes can be direct or indirect and may be paid in money or through an equivalent amount of labor.

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    A tax

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    Taxes are mandatory financial charges imposed by governments on individuals and entities to fund public expenditures. Failure to pay taxes, as well as evading or resisting taxation, is punishable by law. Taxes can be direct or indirect and may be paid in money or through an equivalent amount of labor.

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    © All Rights Reserved
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    16 views1 page

    A Tax

    Uploaded by

    Pamela Tubig
    Taxes are mandatory financial charges imposed by governments on individuals and entities to fund public expenditures. Failure to pay taxes, as well as evading or resisting taxation, is punishable by law. Taxes can be direct or indirect and may be paid in money or through an equivalent amount of labor.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    A tax (from the Latin taxo) is a mandatory financial charge or some other

    type of levy imposed upon a taxpayer (an individual or other legal entity) by
    a governmental organization in order to fund various public expenditures.[1]
    A failure to pay, along with evasion of or resistance to taxation, is
    punishable by law. Taxes consist of direct or indirect taxes and may be
    paid in money or as its labour equivalent.

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