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KengaRu [80]
3 years ago
9

with reference to relevant legislation , case law, and secondary sources briefly explain different functions of taxation

Business
1 answer:
svetlana [45]3 years ago
8 0

Answer:

Tax is a statutory obligation to pay an amount to the state or other public body, which is imposed on a person or company on the basis of their activities, without a direct connection to consideration from the payee. The main purpose is usually to finance the public sector. The tax can also have other purposes, such as equalizing income or influencing people's actions with the help of financial incentives.

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