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Tax on income

To meet the financial needs of the country (for example, development, security, defense, and upkeep), the government imposes taxes. Income tax is one of the tools employed by the government: You (individual or business) must pay the government a fixed percentage of your earnings from all sources.
 
The government can earn money in many ways such s taxing the businesses, giving licence for trde and industry, custom duties, etc. If the government is not generating enough money to carry out the necessary works in the country, it will end up burrowing money from foreign countries and international agencies like world bank and interntional monetary funds.
 
Tax nowadays is getting out of hand .., you will see different faces coming every week to get tax , like sometimes feel like harrasing them
 
It helps the government in taking care of the state's facilities and implementing law that guides the activities of businesses being run in the country. However, it's surprisingly how some country take care of their people and properties like ant, yet they tax them like lions.
 
The government that care less about its Citizens does that. They will create all sorts of taxes that makes life unbearable for businesses. The government of my country is a typical example of such. They are clueless bunch of leaders whose interests is how their pockets grow fatter without bothering what becomes of the citizens.
 
Once government starts placing tax on things even with the current economy, you should know they are just looking for ways to raise up more capital to run the country.
 
The government of the day in our country wants to kill us with indirect tax. we pay tax on everything we buy no matter the amount of time you buy it. The next one now is gas and the price has doubled now.
 
Government generate revenues from taxes so every business and individuals has to pay tax so the government can also have a means to run the affairs of the country, but taxes shouldn't be imposed in a way that will affect the citizens
 
Government are not ready to understand if there is global inflation or not. All they are after is to use tax to milk down on business and make the business go bankrupt in the long run
 
This is the only way the government tends to safe our money and when matter if needs arises theyfall back from the savings and help.it iis the duty of the staff to impose a tag on hee
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This is the only way the government tends to safe our money and when matter if needs arises theyfall back from the savings and help.it iis the duty of the staff to impose a tag on hee
 
Recently, during a budget session, the finance minister in my home country has announced that the online workers and freelancers have to pay 1 percent tax to the government. Not everyone is happy with this new law.
 
Any entrepreneur should always set aside some change for tax, because some of the things running in the country is done with the tax but the government shouldn't use it as an opportunity to over bill ...
 
Why put tax on businesses with the arising inflation on prices of goods
Government puts taxes on all goods to fulfil the needs of the country and run welfare programs. So, taxes must be paid on time. But tax on the essentials like food and medicine is seen as disproportionately burdensome to lower-income consumers, who are forced to pay a higher percentage of their income in sales taxes.

On the other hand, putting taxes on luxury goods is not a big deal for the wealthiest consumers because they can afford it easily.
 
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Government puts taxes on all goods to fulfil the needs of the country and run welfare programs. So, taxes must be paid on time. But tax on the essentials like food and medicine is seen as disproportionately burdensome to lower-income consumers, who are forced to pay a higher percentage of their income in sales taxes.

On the other hand, putting taxes on luxury goods is not a big deal for the wealthiest consumers because they can afford it easily.

Each and every kind of country has different taxation rules, regulations, and laws. So, the amount of money you tend to pay depends a lot on where you live and how you spend money.
 
This is absolutely pathetic especially to the businesses that are at the developmental stages , it would weaken their chances of survival.
An action needs to be taken by the government to reduce or eliminate such.
 
This is absolutely pathetic especially to the businesses that are at the developmental stages , it would weaken their chances of survival.
An action needs to be taken by the government to reduce or eliminate such.

Unfortunately, the government cannot reduce taxes because they need to deal with many different things, especially governments of countries that fall under the category of Tier 3 countries.
 

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