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Definitions from the Web

Term: Levy Taxes

Description:

The term "levy taxes" refers to the act of imposing or collecting taxes by a government or authority. It involves the process of legally demanding and gathering financial contributions from individuals, businesses, or organizations to fund government expenditures, public services, and various initiatives.

Sample Sentences:

• The government decided to levy taxes on luxury goods to generate additional revenue.
• It is the responsibility of the tax authorities to levy taxes fairly and transparently.
• Individuals who fail to pay their taxes may face penalties imposed by the government.

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