The word retribution originally from the Latin ‘taxo’ which means obligatory monetary fees or some classifications of levies foisted on taxpayers, taxpayers can be privates or other legal institutions. Failure to pay, together with refusal of taxation, could be punished by law. Tax consists of direct or indirect taxes and can be paid in the form of money or equivalent to labor.
Most countries own a tax system that is used to pay for public needs and to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual revenue, but most tax scales are based on annual revenue. Most countries impose taxes on corporate revenue or dividends. Nations usually also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various categories of taxes stated above, so you can easily do your tax estimation both individual and legal institutions.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for employees who do institution tax estimates in their daily job. Hope this inspires you all.
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