The word retribution taken from the Latin ‘taxo’ which means obligatory financial fees or several types of levies imposed on taxpayers, taxpayers could be privates or other legal entities. Failure to pay, together with declining of taxation, can 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 nations own a tax system that is used to pay for public needs or to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of private annual income, but most retribution scales are based on annual revenue. Most nations force taxes on institution income or dividends. Countries often also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site provides many templates of various types of taxes declared above, so you could easily do your tax calculations 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 estimation in their daily job. Hope this inspires you all.
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