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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 systematic efforts has been made [...]

By |2016-07-12T14:18:13+00:00July 12, 2016|Taxation|Comments Off on The Principle of Equity in Distribution of Tax Burden

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 the taxpayers. Each taxpayer should [...]

By |2016-07-12T14:18:13+00:00July 12, 2016|Public Revenue|Comments Off on Measuring the Ability to Pay: Subjective and Objective Approach

Concept of Optimal Taxation: 3 Criterions

This article throws light upon the three main criterions for defining the concept of optimal taxation. The criterions are: 1. Minimization of Resource Cost 2. Equity Criteria 3. Efficiency Criteria. Criteria # 1. Minimization of Resource Cost: A tax system usually involves cost of collection to the authorities and a resource cost to the taxpayers. However, in deciding on alternative [...]

By |2016-07-12T14:18:13+00:00July 12, 2016|Taxation|Comments Off on Concept of Optimal Taxation: 3 Criterions
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