business taxation and politics

Politics refers to the way a country is governed and how its government makes rules and laws for the citizens. Meanwhile, taxation refers to the practice of government collecting money from citizens based on their earnings and property to pay for public services. Without taxation, a country might not have public libraries, parks, or public transport.

Politics, tax, and government can be said as the backbone of any country. The problem is, from news and updates we often learn that these three things can be the most controversial topics that put headache to people, making them ignorant with their country’s political situation or taxation issues.

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What about you? How important is getting updated about politics and taxation to you?

Jonathan Dolen, an online political science professor at Grantham University, said that “the subjects” might be totally not glamorous for some and people might also be apathetic toward it. Yet, there are three major reasons why you should totally care about politics. Here’s why:

Reason #1 Politics impact nearly every aspect of your life

Politics impacts nearly every aspect of life because the laws government made have a huge influence in the way we do daily activities, ranging from what the price of food material at stores, the salary we earn, to what we can purchase. By having knowledge on this topic, you can help determine the best course of action for yourself or your surroundings.

Further, by understanding politics, you will have better knowledge about taxation rules and regulations, thus, helping you prepare for the worst. For example, when the government increases the tax on a certain car, you can calculate if buying the car is worth it and suitable for your lifestyle.

Especially as an employee, said Tim Worstall, you should understand taxation better as it allows you to not be misdirected. As an example, employees constantly believe that they are responsible for paying certain tax while in reality, it is the company that is responsible to pay the tax. Therefore, to really understand how the business system works, you need to understand how taxation works.

Reason #2 Politics help you become a better voter

Having knowledge of politics helps make you an informed voter because it is important to go to the polls armed with the facts so you will not choose wrong. In addition, being an informed individual, according to Dolen, should not necessarily read and follow every news. Instead, you should do some independent research which will give you peace of mind that you have done your homework prior to casting your ballot.

Reason #3 Politics are entertaining

Some people believe that politics can be entertaining. Well, it might not be as entertaining as going out with your friends, but politics can be fun to some extent. You can stay ahead in your social status and include yourself in an insightful debate about political issues and scandal. 

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Advice When You are Accepted in Government Organisation

What comes to your mind when you hear “civil servant”?

Chances are, most people are interested in becoming an employee for the government. With a lifetime benefit such as a pension, people are looking to be hired by the government in droves. Not only a lifetime benefit, being a civil servant will add to a more comfortable life as it provides a good salary, secure jobs, and other perks.   

Carole Moore survey agreed that working for government will be more advantageous. “You might be surprised to find out that government jobs when you include benefits, pay on average twice as much as jobs in private sector,” said Moore. In the United States, Moore explained, federal employees can earn an average salary for $67,000, while a private sector will give you $53,288. Additionally, if you include compensation and benefits, you can get an average annual salary up to $106,871.

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Moreover, not only tantalizing salary, being a government employee will benefit you in terms of:

  • Job security – Government almost never fire their employee due to low performance. Layoffs and firing commonly happen in private company, instead.
  • Pension plan – Government cares for your personal and professional life. They will give you a good post-retirement benefit – and this benefit will make your life tension free.
  • Medical benefits – Hospital bill can be worrying. However, when you are a government employee, you can get to enjoy decent medical cover for yourself as well as your family.
  • Better work-life balance – With fixed working-hours government give and availability of decent amount of off-days you can get, you surely can balance your private and professional life.

Furthermore, albeit working in government company gives tantalizing perks, there are more rule and regulation to follow. So, if this is your first year working for the government, you better follow these bits of advice.

  1.      Understand your terms of employment

Term of employment is important in any job, even for a private company. Yet, this is more important when you are working as a federal employee. For example, you should pay attention to whether you will have a probation period or not, how long if you are required for probation, what kind of performance will be reviewed, how you will be classified, where you will be paid, how you will be paid, how much, and whether there will be flexible work schedule or not. Other than these, you should also pay attention to restriction charged for new hires.

  1.      Understand government rule and regulation, and how it works

Bureaucracy is real and they are quite strict with sanction and rules. So, rather than risking your life and a new job, you should pay attention to the first point. Additionally, you should read general rules and regulations in the company you work in. It will save your lifetime employability. For example, some company will require its candidates to work within a period of time. However, if you resign before the time, you will be fined and/or imprisoned.

  1.      Keep on looking for opportunity and lesson to learn

Although you work in a secure environment and a stable salary that gives you pension fund when retire, you should keep looking for a new opportunity to achieve personal growth. For example, you can attend a seminar or course that can widen your skill and knowledge. This kind of improvement will help you face problems ahead, both at work and personal life. You will also be recognised and – who knows – you will be promoted early because you keep improving.  

In addition, as hurdles can come in your way sooner or later, you need to be prepared for it. Equipping yourself with lesson and improvement is already goo. But you can also learn from your senior or elderly in your department. They are more experienced and usually are helpful.

Lastly, stay low profile and be humble to everyone.

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