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Service taxes

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Service taxes are levies imposed by governments on the sale of services. These taxes are applied to a wide range of services, including professional services (such as consulting and legal advice), entertainment (such as movie tickets and events), and everyday services (such as haircuts and dining out). The revenue generated from service taxes is essential for funding various government activities and public services. By taxing the consumption of services, governments can diversify their revenue streams and reduce reliance on income and property taxes. This approach helps distribute the tax burden more evenly across different sectors of the economy and can contribute to the overall economic stability and development of a country.

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