Reasons Why Government Impose And Collect Tax
Tax is the amount paid by any employee, government staff and every citizen who is earning a salary. The tax amount is calculated on the basis of the salary earned. The government has imposed compulsion and every citizen to pay the correct amount of tax in a fixed time period.
Importance of Taxation Taxation is important and it is a responsibility of everybody to pay taxes. Tax money goes to budget and is used by the government in nation development and improvement activities. Accurate and organised records can be achieved by companies hiring expert Accountant that make it quicker to prepare your accounts and help to monitor your company’s cash flow in and out.
Importance of Taxation Paying taxes necessary to avail facilities given by the government to live in the country. It is a duty of every citizen to pay taxes. The tax money collected from the citizens is used by the government for handling the expenses needed to run various services provided to citizens.
Government Uses The Tax Money ❖ Avail Facilities ❖ Security ❖ Health Services
Avail Facilities Money earned from tax is used by the government to develop and maintain the infrastructure projects needed to smoothly run the country. It includes roads, railways, bridges, flyovers, subways, dams and maintain historical and tourists places. Many companies in Ipswich provides services to pay tax return on time.
Security Maintaining public security is also a big responsibility of the government. It includes taking care of the public and to keep them safe from threat and frauds police. Government invests time and money in maintaining army and military equipment to handle emergency attacks to save citizens.
Health Services The government is also responsible for giving benefits to people having health issues. The tax money collected is spent on building hospitals and giving treatment to poor people. It is the major responsibility of governments to provide quality health services. Medical services and policies are right of every citizen.
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