Taxation

Why does taxation exist? Put your answer in here, try to expand and explain your reasons as much as possible. Where possible, include an example. Sort the different criteria to the correct Tax Term. Example if I wanted to put a list of criteria underneath the term Ice Cream, the criteria I would choose would be : cold, stored in freezers, vanilla, chocolate chip, ben jerrys Tax Avoidance legal tax relief tax credits keeping an accurate record of income Tax Evasion illegal declaring a portion of income create false reports of income not declaring any income Max the Tax Term with the correct definition.... Tax Liability the amount of tax owed to Revenue Tax Avoidance Reducing the amount of tax to be paid by using tax credits Tax Evasion Avoiding paying tax by falsely declaring income. Tax a compulsory payment to the government. What challenge did you face during the learning?