Taxation and Development

Taxation refers to the money governments collect from individuals and businesses to fund public services like education, healthcare, and infrastructure. Development relates to a country's progress in improving living standards, economic growth, and social well-being. Proper taxation is vital for development because it provides the resources needed for public investments that foster social and economic advancement. However, high taxes or poor management can hinder growth. Balancing effective tax policies with transparency and fairness helps governments promote sustainable development, reduce inequality, and improve overall quality of life for citizens.