The word retribution comes from the Latin ‘taxo’ which means obligatory economy fares or some kinds of levies forced on taxpayers, taxpayers could be privates or other legal entities. Failure to pay, together with refusal of taxation, can be punished by law. Tax consists of direct or indirect taxes or could be paid in the form of money or equivalent to labor.
Most countries have 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 individual annual revenue, but most retribution scales are based on annual income. Most countries push taxes on corporate income or dividends. Countries commonly also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website supplies many templates of various types of taxes stated above, so you could easily do your tax estimates both individual or legal entities.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for workers who do entity tax calculations in their daily work. Hope this helps you all.
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