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🎯Purpose: Students should understand the concept of income and how taxation applies in this case. ✅Objectives: -Identify and understand income taxation for both individuals and companies. -Understand the benefits that come from paying income taxes. ✏Vocabulary: taxes, income, revenue, social system, common needs 👇 SUBSCRIBE to the EU TAX AND CUSTOMS YouTube channel 👇 https://bit.ly/3d08yCw 👇 WATCH MORE tax educational videos 👇 ▶Can tax help protect the environment? 👉 https://bit.ly/2R4BMJJ ▶What kinds of taxes are there? 👉 https://bit.ly/3w65IUF ▶How did taxes come about? 👉 https://bit.ly/3tGF2bo 👇 CONNECT with TAXEDU 👇 Website: https://bit.ly/31AoRAU Facebook: http://bit.ly/TAXEDU_Facebook Instagram: http://bit.ly/TAXEDU_Instagram YouTube: https://bit.ly/2PLmDvO 👇 LEARN MORE about the TAXEDU Portal 👇 TAXEDU (‘Tax’ and ‘Education’) is a European Union project. Its aim is to educate young European citizens about tax and how it affects their lives. The portal targets three age groups with tailored information: children, teenagers, and young adults Information is conveyed through games, e-Learning material and microlearning clips so that young Europeans can learn about tax in its different forms, and the issues associated with it (tax fraud, tax evasion, etc.) in a fun and engaging way. The Teachers’ corner offers resources, tips and tricks on teaching about tax. Want to learn more? Visit the TAXEDU Portal: https://europa.eu/taxedu/home_en 👇 Watch this video on the TAXEDU Portal 👇 https://bit.ly/3fHtMIh 👇 DISCLAIMER 👇 The content of this training course: is of general nature only and is not intended to address the specific circumstances of any particular individual or entity; does not provide professional or legal advice; is valid as of the date of its publication. Updated VAT rates can be consulted on EUROPA. Only European Union legislation published in the Official Journal of the European Union is deemed authentic