Taxation Framework

A taxation framework is the system governments use to collect money from individuals and businesses to fund public services like healthcare, education, and infrastructure. It sets the rules for who pays taxes, how much they pay, and the types of taxes (such as income, sales, or property taxes). This framework ensures the collection process is fair, transparent, and efficient, balancing revenue needs with economic impact. It also includes laws and regulations to prevent tax evasion and guide enforcement, helping governments maintain essential services and promote economic stability.