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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]

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URI

https://concepts.sagepub.com/social-science/concept/taxes

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