Nicaragua - Politics, government, and taxation

That country is a democratic republic now. The president of the country is both the head of state and the government leader. The president was elected for five years and elected as Minister of the Cabinet. The legislature is a single sector organization consisting of 93 members elected for a term of five years. Congress is known as the National Assembly. The Supreme Court consists of 16 magistrates who were appointed for seven years in the National Assembly.

There are 35 registered political parties and factions in Nicaragua, but that country dominates only two Freedom League and Sandinist National Liberation Front (FSLN). The free alliance is a consolidated political party union of five media that supports economic reform. FSLN dominated Nicaragua from 1979 to 1990 under the rule of the dictatorship.

Since 1990, the government has undergone various reforms to restructure the political system of the economy and to liberalize the country. From 1995 to 1996, military and state police made extensive reforms, including military spending cuts. The country's current gross domestic product (GDP) accounts for approximately 2% of GDP (in 1998 it was $ 26 million). The plan led to the privatization of 351 State-owned enterprises. In 2000, foreign investment in the country rose sharply to $ 446 million.

Nicaragua's government bonds are $ 6.5 billion, per capita debt is one of the highest in the world. The country's debtors are committed to reducing debt of $ 1.2 billion under the Heavily Indebted Poor Countries (HIPC) Initiative and other aid programs. In 2000, government expenditure accounted for 33.7% of GDP. Government revenue in 1998 was $ 527 million, expenditure was $ 617 million. The main sources of government revenue are income tax 25%, general consumption tax 15%, luxury tax on specific products, corporate tax and customs duties on imported goods.

One of the most frequently debated political issues is taxation. Taxation is a custom of taxation (money) from citizens based on their income and property. Funds collected from taxes will support the government and will provide funds to police and courts, military ownership, construction and maintenance of roads, and many other services. Politicians and citizens often argue that taxes are too little or too much, but taxation is the price of citizens

Taxation is the means by which the government bills citizens and business entities to cover their expenses. The main purpose of taxation is to collect funds for the operation of government agencies. All the governments of the world can not operate their management office without funds, and such systems can not profit from its operation. In other words, the government can manage its management only with public funds collected in the form of taxes. Therefore it is well understood that the purpose of taxation is very simple and it is obvious for the country's normal operation. Tax is the charge imposed on the citizen's personal income, property, or specific activities.

Taxation refers to the period of taxation, usually government, taxation or taxation. The term "tax" applies to all types of involuntary taxation, from income to capital gains and inheritance taxes. Tax can be a noun or a verb, but they are often called actions; the resulting income is often called "tax". Tax does not require consent and is not directly related to the services provided, so taxes are different from other payment methods (such as market exchanges). The government imposes compulsory taxation through implicit or explicit power threats. Taxation is legally different from forcing or protection of a racket, as taxable institutions are governments rather than private entities.