The word retribution taken from the Latin ‘taxo’ which means compulsory financial fees or several categories of levies imposed on taxpayers, taxpayers could be individuals or other legal organizations. Failure to pay, together with refusal of taxation, could be penalized by law. Tax consists of indirect or direct taxes also can be paid in the form of money or equivalent to labor.
Most nations have a tax system that is used to pay for public needs also to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of private annual revenue, but most tax scales are based on annual revenue. Most nations push taxes on institution revenue or dividends. Nations often also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various types of taxes declared 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 workers who do corporate tax estimates in their daily job. Hope this inspires you all.
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