Taxing Powers
Definition
Taxing powers refers to the authority given to a governing body to impose and collect taxes from its citizens in order to generate revenue for public purposes.
Related terms
Revenue: Revenue refers to the income generated by a government through various sources such as taxes, fees, or fines.
Budget: A budget is a financial plan that outlines an organization's expected income and expenses over a specific period of time.
Fiscal Policy: Fiscal policy refers to the government's use of taxation and spending policies to influence economic conditions in a country.
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