TAXES Act

The TAXES Act refers to legislation that governs the collection and management of taxes, ensuring government funding for public services. It outlines rules for how individuals and businesses should report income, deduct expenses, and pay taxes. The act aims to create a fair and transparent system, balancing revenue needs with economic growth. It also sets penalties for non-compliance and provides mechanisms for dispute resolution. Overall, the TAXES Act is essential for maintaining the financial stability of government operations while supporting public welfare initiatives.