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Question
Distinguish between a tax and a fee.
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Solution
TAX FEE A compulsory contribution to state revenue levied by
government is called a tax. A fee is a special form of contribution/donation
exacted from special group of people for certain services It is unilateral It is bilateral
| TAX | FEE |
| A compulsory contribution to state revenue levied by government is called a tax. | A fee is a special form of contribution/donation exacted from special group of people for certain services |
| It is unilateral | It is bilateral |
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