Taxation Frameworks

Taxation frameworks are the systems and laws that governments use to collect taxes from individuals and businesses. They define how different types of income, assets, and transactions are taxed, determining rates and exemptions. The framework ensures fairness and efficiency in funding public services like education, healthcare, and infrastructure. Different countries have varying approaches, such as progressive tax systems (where higher incomes pay a larger rate) versus flat taxes (same rate for everyone). Understanding these frameworks helps citizens comprehend their civic responsibilities and the impact of taxes on the economy and society.