Tag Archives | Public Revenue

Tax: Characteristics, Objectives and Canons

After reading this article you will learn about:- 1. Definition and Characteristics of Tax 2. Objectives of Taxation 3. Principles. Definition of Tax: In every country major part of the revenue is raised through taxation. According to Prof. Taylor "Taxes are compulsory payments to gov­ernments without expectations of direct return or benefit to the tax payer". Prof. Bastable "defined a [...]

By |2016-07-12T14:18:13+00:00July 12, 2016|Public Revenue|Comments Off on Tax: Characteristics, Objectives and Canons

Public Revenue: Meaning and Classification

After reading this article you will learn about the meaning and classification of public revenue. Meaning of Public Revenue: According to Dalton income of a public authority may be defined either in a broad or in a narrow sense. In the broad sense it includes all 'incomings' or 'receipts'. In the narrow sense it includes only those receipts which are [...]

By |2016-07-12T14:18:13+00:00July 12, 2016|Public Revenue|Comments Off on Public Revenue: Meaning and Classification

3 Major Economic Effects of Taxation | Public Revenue

Dalton discusses the economic effect of taxation under the following three heads: 1. Effect of Taxation on Production, 2. Effect of Taxation on Distribution 3. Other Effects. 1. Effect of Taxation on Production: According to Dalton effect of taxation on production can be in the following three ways: (a) Effect on ability to work, save and invest. (b) Effect upon [...]

By |2016-07-12T14:18:13+00:00July 12, 2016|Taxation|Comments Off on 3 Major Economic Effects of Taxation | Public Revenue
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