Taxation is an important part of any governmental strategy!
Taxation is an important part of any governmental strategy with the idea behind taxation to gather enough resources that can then be used for the welfare of the masses. Governments ensure that the people have all the necessities of life like water, electricity, gas, security, hospitals etc without any problems and takes taxes from the people in order to arrange these services. A single person can’t ensure his security, build himself a hospital, generate electricity and gas for his house and arrange a constant water supply without having an overarching authority to help him out. This is why the people combine to give taxes and the overarching authority i.e. the government uses the taxes to provide the people with these resources.
However, it’s important that the taxes imposed on the masses are in accordance with their ability to pay them. You can’t expect someone who only earns £100 a day to give £50 of that to the government but you can expect someone who earns£ 500 a day to give £50 of that to the government. This is why governments introduce different types of taxes so that people who are more privileged contribute more while people who don’t have the same privileges are not overburdened. This is the reason why corporate tax was introduced in the first place some 50 years ago with the idea that corporations who post huge profits should be taxed on an entirely different scale to individuals and small traders who can only dream of the numbers generated by corporations.