Taxation - The way the government collects money to pay for public services., Office of the Revenue Commissioners - The state body responsible for collecting taxes in Ireland. 'Revenue' for short., Principles of a fair tax system - Equality, certainty, economy, convenience, Equality - Amount of tax to pay should be related to the ability to pay., Certainty - Amount of tax to pay should be clear and predictable., Economy - Cost of collecting tax should be less than the amount collected., Convenience - Should be easy to pay taxes when they fall due., Purpose of taxation - Financial, social, legal, ethical reasons, Financial reasons - Using tax as a source of income to fund government spending., Social reasons - Using tax to try to improve society and people's lives., Legal reasons - Complying with the law of the land., Ethical reasons - Using tax in ways that are just and fair to all., Inflation - A sustained increase in the general level of prices from one period to the next., Debt servicing - Means paying the interest on our national debt.,

The Purpose of Taxation

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