Tag Archives | Tax

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 […]

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 […]

Shifting Process of Various Taxes

After reading this article you will learn about the shifting process of various taxes. 1. Taxes on Income: The individual income tax apples to earnings originating in all sec­tors of the economy. Taxes on income are of two types. Firstly taxes on the net income of individuals and secondly taxes on net income of business […]

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