Tax policies

Tax policies are the rules and guidelines a government uses to collect money from individuals and businesses through taxes. These policies determine how much is taxed, which income or activities are taxed, and how the revenue is used to fund public services like education, healthcare, and infrastructure. They can include various types of taxes, such as income, sales, and property taxes, and often aim to balance generating revenue with promoting economic growth and fairness. Effective tax policies ensure resources are collected efficiently and equitably to support the country's needs.