Archive | Taxation

Equitable Distribution of Tax Burden: 3 Principles

This article throws light upon the three main principles for equitable distribution of tax burden. The principles are: 1. The Cost of Service Principle 2. The Benefit Principle 3. Ability to Pay Theory. 1. The Cost of Service Principle: This principle suggest that the cost incurred by the government in providing public goods to satisfy social wants should be regarded [...]

By |2016-07-12T14:18:13+00:00July 12, 2016|Taxation|Comments Off on Equitable Distribution of Tax Burden: 3 Principles

Taxable Capacity of a Nation: Meaning, Significance and Limits

After reading this article you will learn about:- 1. Meaning and Definitions of Taxable Capacity 2. Types of Taxable Capacity 3. Significance 4. Factors 5. Measurement and Limit. Meaning and Definitions of Taxable Capacity: Taxable capacity is a highly misleading and controversial concept in the theory of taxation. Different writers tried to define this concept differently. The definitions of the [...]

By |2016-07-12T14:18:13+00:00July 12, 2016|Taxation|Comments Off on Taxable Capacity of a Nation: Meaning, Significance and Limits

Favour and Against Proportional Taxation

After reading this article you will learn about the arguments in favour and against proportional taxation. Arguments in Favour of Proportional Taxation: Proportional taxation has been advocated by the classical econo­mists as a protest against the injustice of the old system of exemp­tions and privileges. Adam Smith, stating that taxation should be adjusted to the abilities of the subjects, adds [...]

By |2016-07-12T14:18:13+00:00July 12, 2016|Taxation|Comments Off on Favour and Against Proportional Taxation
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