What is the primary objective of taxation?

The primary objective of taxation is to generate revenue for government services and functions. Taxes are essential for funding various public services that benefit society, such as education, healthcare, infrastructure, public safety, and social programs. Without these funds, governments would struggle to maintain the operations necessary for a well-functioning society.

While creating a fair economic system, reducing income inequality, and regulating trade and commerce are important goals that may be influenced by taxation policies, they are not the core purpose of taxes themselves. The fundamental role of taxation remains to provide the financial resources required for the government to operate and fulfill its responsibilities to the citizens it serves. This revenue generation ensures that essential services are accessible and that the government can pursue its goals effectively.