Page 2 - Consumer Mathematics
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TAXATION
• A PROCESS OF REVENUE (MONEY) COLLECTION
FROM INDIVIDUALS OR COMPANIES, FOR USE
IN THE COUNTRY’S DEVELOPMENT, BY
PROVIDING VARIOUS FACILITIES (FOR
EXAMPLE, EDUCATION, HEALTHCARE, NATIONAL
SECURITY, WELFARE) FOR THE WELL-BEING OF
ALL CITIZENS. ALL TAXES COLLECTED ARE
BASED ON PARLIAMENT-APPROVED ACTS.