Abstract
Taxation is the process by which the sovereign, through its law-making body, generates revenue in order to promote welfare and protection of its citizenry. This is the primary purpose of taxation; other purposes of taxation include the ability to equitably contribute to the wealth of the nation, to protect new industries, and to protect local producers.
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Riccardi, L. (2018). Introduction to Taxation. In: Introduction to Chinese Fiscal System. Springer, Singapore. https://doi.org/10.1007/978-981-10-8561-1_1
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DOI: https://doi.org/10.1007/978-981-10-8561-1_1
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