Basics of Taxation Law
A tax is when the government charges the people depending on the income of an individual, corporation, or trust, as well as the value of an estate. There are also other forms of taxes, like consumer sales taxes, use taxes and real estate taxes, and many others. The main importance in assessing tax is to form the revenue that is to be used for the needs and development of the public. A tax is not voluntary but had to be paid by the citizens and payment is an enforced contribution exacted pursuant to legislative authority. The government is responsible for administering and implementing internal revenue laws. It is part of the Department of Finance and treasury. The students can rely on BookMyEssay for any kind of .