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-: Tax :-Tax is to impose a financial charge or other levyupon a
Taxpayer (an individual) by a state or the
functional equivalent of a state such that failure topay is
punishable by law.
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Kinds of Taxes:-
Income Tax
Sales tax
Value Added Tax
Wealth Tax
Transfer Tax
Toll
Tariffs
Social security Tax
Property Tax
Poll Tax
Inheritance Tax
Financial transaction Tax
Financial activities Tax
Expatriation Tax
Inflation Tax
Excises Tax
Environmental Tax
Currency transaction Tax
Corporate Tax
Consumption TaxCapital gains Tax
Bank Tax
Ad valorem Tax
Pay roll Tax
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Tax Money Usage:-
Money providedby taxationhave beenused by states and
theirfunctional equivalents tocarryout many functions like:-
expenditures on war the enforcement of law and public order
protection of Property Economic infrastructure (road, legal
tend,enforcement of contracts,
etc.),public works , Social Engineering and the operation of
government itself
Governments alsouse taxes to fundwelfare andPublic Services
like:- Education System
Health care system Pensions for the elderly Unemployment
Benefits Public Transformation Energy, Water and waste management
Waste Management systems are also
common public Utility
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Information Technology:-
It is concerned with improvements in a variety of humanand
organizational problem-solving endeavors throughthe design,
development, and use of technologicallybased systems and processes
that enhance the efficiencyand effectiveness of information in a
variety of strategic,tactical, and operational situations.
It is the use of computers and software
to manage information.
The development, installation, and
implementation of computer systems
and applications.
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Information technology is changing the boundaries oftax
administration from isolated single taxadministrative units, to
unified tax authorities thatadminister all taxes including the
functions ofcustoms.
Private sector service providers are becoming anintegrated part
of the administration of taxes.
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Like in all fields of human activity, with the advent
ofMicrocomputers and vast Communication Networksto connect them, a
radical transformation is takingplace in the world of taxpayers and
tax-gatherers.
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Tax administration system of the future is likely tooperate much
more like the service oriented financialservices sector of the
present, than the heavy handed,and too often corrupt, bureaucratic
institutions of the
past.
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Online Tax Software |
#1#2 #3 #4 #5
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-:Conclusion:-
With enormous capacities of managing & processing
data now available at affordable cost, taxadministration around
the world are gearing them fora new era in which computers will
take over most oftheir function, enabling them to perform the tasks
of
implementing the Tax laws providing services to theirclients at
levels of efficiency unthinkable earlier.
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Only Relax
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