The main reason for taxation is to raise funds for various government projects. The aspects that most people are aware that are funded by taxation are items such as speed cameras as well as the emergency services. But, there are many other projects and ways that taxes are spent by the Government.
Other functions of taxation includes; expenditures on war, the enforcement of law and public order, protection of property, economic infrastructure (roads, legal tender, enforcement of contracts, etc.), public works, social engineering, and the operation of government itself. It also welfare and public services such as; education, health services, pensions and unemployment benefit.
Taxation is applied in many different countries around the world and each area has their own purposes of taxation and their own levels of taxes. When it comes to the purposes of taxation the four R’s are applied. These are: Revenue, Redistribution, Re-pricing and Representation. Each R symbolises a different area that taxation is used for.
The first known system of taxation levels dates right back to the Egyptian times in 3000-2800 BC where the Pharoah, if there was no money in the household, would take a part of everyone’s crops or produce. Since then there have been many more recorded examples of taxation; from the Bible to government records, taxation has, for the majority of our history, existed in one form or another.
Other functions of taxation includes; expenditures on war, the enforcement of law and public order, protection of property, economic infrastructure (roads, legal tender, enforcement of contracts, etc.), public works, social engineering, and the operation of government itself. It also welfare and public services such as; education, health services, pensions and unemployment benefit.
Taxation is applied in many different countries around the world and each area has their own purposes of taxation and their own levels of taxes. When it comes to the purposes of taxation the four R’s are applied. These are: Revenue, Redistribution, Re-pricing and Representation. Each R symbolises a different area that taxation is used for.
The first known system of taxation levels dates right back to the Egyptian times in 3000-2800 BC where the Pharoah, if there was no money in the household, would take a part of everyone’s crops or produce. Since then there have been many more recorded examples of taxation; from the Bible to government records, taxation has, for the majority of our history, existed in one form or another.
