oboloo Glossary

Tax Structures

oboloo Glossary

Tax Structures

Tax Structures are organized frameworks of rules and regulations which are designed to determine the amount of taxes that organizations and individuals must pay. They are created by governments in order to collect revenue, create incentives for economic growth, and distribute resources more effectively across different areas. Tax Structures vary from country to country and can be complex and hard to understand. However, with a clear understanding of the various components of a tax structure it is possible to save money, maximize investment returns, and ultimately increase profit.