Definition: "BTOS," literally, "By-Taxes and Obligations," refers to a legal principle in which a company must provide its employees with basic services (like utilities or food) at a specific price to avoid charging excessive taxes. It's similar to the concept of "carrying costs" within a business model. In more formal terms: 1. By-Taxes: Taxes on goods and services paid by an individual. 2. Obligations: A legal obligation of the government, such as paying for public services like roads, schools, or utilities. The principle ensures that businesses remain competitive in the market while still maintaining a sustainable business model.
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