MANAGEMENT

Detailed explanation-1: -Taxation, as a power of the state, is inherent in sovereignty. Power of the state by which the sovereign raises revenue to defray the necessary expenses of the government.

Detailed explanation-2: -Taxation is the imposition of compulsory levies on individuals or entities by governments in almost every country of the world. Taxation is used primarily to raise revenue for government expenditures, though it can serve other purposes as well.

Detailed explanation-3: -A tax is a mandatory fee or financial charge levied by any government on an individual or an organization to collect revenue for public works providing the best facilities and infrastructure. The collected fund is then used to fund different public expenditure programs.

Detailed explanation-4: -Taxation refers to the practice of a government collecting money from its citizens to pay for public services. Without taxation, there would be no public libraries or parks. One of the most frequently debated political topics is taxation.