Do governments have bank accounts? If not, where do our taxes go when paid?

Do governments have bank accounts if not where do our taxes go when paid

Every day our society revolves around money, and this cycle between consumers and businesses occurs day and night. This monetary cycle includes the payment of taxes, which goes directly to the government for the development of several welfare programs. Paying our taxes is standard practice, especially in our modern world. Furthermore, taxation … Read more

What is the difference between United Nations and League of Nations?

What is the difference between United Nations and League of Nations

The United Nations Organization is the largest intergovernmental organization to promote co-operation between countries and maintain peace. It was formed after the Second World War, which happened due to the inefficiency of another organization. This predecessor of the UN was the League of Nations. The League of Nations was formed after the … Read more