Brief Definition
Tax structure refers to the system or framework a government uses to collect taxes from individuals and businesses. It includes the types of taxes imposed, the rates at which they are levied, and the rules and regulations governing their collection.
Further Explanation
Tax structure refers to the system or framework a government uses to collect taxes from individuals and businesses. It includes the types of taxes imposed, the rates at which they are levied, and the rules and regulations governing their collection. A tax structure can encompass various forms of taxation, such as income tax, sales tax, property tax, and corporate tax. The design of a tax structure aims to achieve specific economic and social objectives, such as raising revenue, redistributing wealth, and encouraging or discouraging certain behaviors.
Example:
Types of taxes imposed
Rates
Rules and regulations governing tax collection