differrence between tax revenue and non tax revenue
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Taxes are compulsory payments to government without expecting direct benefit or return by the tax payer. A tax is a compulsory payment made to the government. ... The government collect tax revenue by way of direct & indirect taxes. Direct taxes includes; Corporate tax; personal income tax capital gain tax and wealth tax.
kabraj3:
can you please explain this in tabular form ?
Taxes are the first and foremost sources of public revenue. Taxes are compulsory payments to government without expecting direct benefit or return by the tax payer. Taxes collected by Government are used to provide common benefits to all mostly in form of public welfare services. Taxes do not guarantee any direct benefit for person who pays the tax. It is not based on direct quid pro quo principle.
yes,…..
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