Taxes are an indispensable tool for governments, without which many states are
unable to function effectively. Taxation is a compulsory fiscal imposition, levied from a specified
group of individuals and entities, also known
as taxpayers, designed to fund the operational
requirements of the state and its local units, including municipalities and then the subsequent
distribution of these funds is mainly aimed at the
well-being and prosperity of the populace within
the respective country