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Taxation and financing by keyword taxation

The most important element in financial management is keeping income and expenditure in balance. This holds true just as much for general government finances as it does for households. People who work pay taxes out of their income to municipalities and the government, and the taxes are used to fund services that are maintained with public funding. Companies and those receiving a capital income are liable to pay tax on their profits. Banks are responsible for processing payments and provide various savings, loan and investment services.

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