3 Aug 2022

242

Taxation in the United Kingdom

Format: APA

Academic level: College

Paper type: Assignment

Words: 297

Pages: 1

Downloads: 0

Taxation is the compulsory contribution to the state revenue that is imposed by the government to businesses and employees' income. Tax is also added to some transactions or even when purchasing some goods and services. The primary purpose of taxation is to help the government raise the revenue to assist in developing the country's economy and infrastructures. 

Taxation was there even in the biblical times, and just like the modern times, people paid taxes to obey the law as it as mandatory. The rich People were expected to pay taxes, which was used to help the poor. Mark 12:17 says, “Give to Caesar what belongs to Caesar’s, and God what belongs to God”. This meant that taxes must be paid, and one cannot avoid it later used to help the fatherless and the widows. Just like the modern days, the rich are taxed to help the poor. 

It’s time to jumpstart your paper!

Delegate your assignment to our experts and they will do the rest.

Get custom essay

The modern tax system is progressive. This means that there is an increment in taxation whenever there is an increment in the earning. The more you earn the more tax you pay. The rich are taxed more than the poor. The tax is used to develop the country and to help the poor too. 

During biblical times, Jesus said that the tax collector needed not to collect more than what a person could afford, but they went against this rule and enriched themselves with the tax money. They cheated the government and the oppressed the taxpayers, who made the people, despise them so much. Tax collectors were considered bad people, and they were not liked by many. 

In modern days, one is taxed according to their earning. One cannot be taxed more than they can afford. In the biblical days, taxes were collected manually where the collector would go door to door collecting the tax. In the modern tax system, it is done electronically, and the government does not need to go door to door collecting it, as there is a system that is used to make work easier. 

Reference  

Pope, T. R., Brandy, D., Ford, A., Fowler, A. C., Joseph, R. J., Hulse, D. S., . . . Schadewald, M. S. (2019). Pearson's Federal Taxation 2019 (32 ed.). 

Illustration
Cite this page

Select style:

Reference

StudyBounty. (2023, September 17). Taxation in the United Kingdom.
https://studybounty.com/taxation-in-the-united-kingdom-assignment

illustration

Related essays

We post free essay examples for college on a regular basis. Stay in the know!

Texas Roadhouse: The Best Steakhouse in Town

Running Head: TEXAS ROADHOUSE 1 Texas Roadhouse Prospective analysis is often used to determine specific challenges within systems used in operating different organizations. Thereafter, the leadership of that...

Words: 282

Pages: 1

Views: 93

The Benefits of an Accounting Analysis Strategy

Running head: AT & T FINANCE ANALLYSIS 1 AT & T Financial Analysis Accounting Analysis strategy and Disclosure Quality Accounting strategy is brought about by management flexibility where they can use...

Words: 1458

Pages: 6

Views: 81

Employee Benefits: Fringe Benefits

_De Minimis Fringe Benefits _ _Why are De Minimis Fringe Benefits excluded under Internal Revenue Code section 132(a)(4)? _ De minimis fringe benefits are excluded under Internal Revenue Code section 132(a)(4)...

Words: 1748

Pages: 8

Views: 196

Standard Costs and Variance Analysis

As the business firms embark on production, the stakeholders have to plan the cost of offering the services sufficiently. Therefore, firms have to come up with a standard cost and cumulatively a budget, which they...

Words: 1103

Pages: 4

Views: 179

The Best Boat Marinas in the United Kingdom

I. Analyzing Information Needs The types of information that Molly Mackenzie Boat Marina requires in its business operations and decision making include basic customer information, information about the rates,...

Words: 627

Pages: 4

Views: 97

Spies v. United States: The Supreme Court's Landmark Ruling on Espionage

This is a case which dealt with the issue of income tax evasion. The case determined that for income tax evasion to be found to have transpired, one must willfully disregard their duty to pay tax and engage in ways...

Words: 277

Pages: 1

Views: 120

illustration

Running out of time?

Entrust your assignment to proficient writers and receive TOP-quality paper before the deadline is over.

Illustration