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There are lot of purposes of imposing taxes. a few reasons are given. 1. To generate revenue for Capital and Revenue expenses of the country. 2. To encourage certain sectors and discourage some sectors of business. 3. Discourage imports and encourage exports.4. Distribution of revenue in a systematically among the population of the country.
Because there are only two things certain in life: death and taxes.
To earn revenue in the form of taxes for administration and welfare and other expenses purpose in a simplest manner. Thanks.
