Public schools are schools that are created by the government and funded for by public taxes. Private schools are established by private institutions that do not adhere to government restrictions. Charter...

Exemption refers to the ability of a person to not pay taxes on a certain amount incurred. When deductions occur, a portion of the taxable income reduces. The tax payer pays all the taxes and then files for...

A tax is a financial charge that is imposed on a person or an entity by the state. Levy is not exactly a word, but rather a verb that denotes the act of charging a tax. Duty is actually just a type of tax that...

The WTO is responsible for facilitating world trade, while the UN is responsible for promoting international co-operation.

Ambassadors and High Commissioners are both diplomats, who are responsible for representing their home country in a foreign country. The term ‘High Commissioner” refers to an Ambassador in a Commonwealth...