Concept information
Preferred term
taxes
Definition
- Taxes are exactions on income, property, services, sales, value added, labor, luxuries, or on any form of wealth. There are two main reasons for levying a tax: to raise revenue or to regulate the uses of goods or services, or to suppress behavior authorities have deemed to be socially unacceptable. [Source: Encyclopedia of Business in Today's World; Taxes]
Broader concept
Narrower concepts
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/taxes
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