Tag Archives | Public Revenue

Sound Tax System: Characteristics and Views

After reading this article you will learn about the characteristics and views about the sound tax system. Characteristics of a Good Tax System: Any system of taxation must be looked at as a whole. That is part of the economic system. Different taxes possess different effects upon the various economic activities. Moreover, these taxes through […]

The Principle of Equity in Distribution of Tax Burden

After reading this article you will learn about the principle of equity in distribution of tax burden. There has been little interest among philosophers and statesman in the theories of taxation, until the commencement of the eighteenth century. With the advent of the eighteenth century, for several hun­dred years, in the field of public finance […]

Measuring the Ability to Pay: Subjective and Objective Approach

After reading this article you will learn about the subjective and objective approach used for measuring the ability to pay. Subjective Approach to Measure the Ability to Pay: The ability to pay principle is interpreted in terms of sacrifice on the part of the taxpayers. Payment of tax involves some sacrifice on the part of […]

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