Tag Archives | Tax

Incidence of Tax in the Real Life (With Diagram)

After reading this article you will learn about the incidence of tax in the real life. The main principles of the theory of incidence are condensed by Dalton to form a general preposition of the theory of incidence of taxation. In the real market situations, most commodities have de­mand and supply curves which are less than perfectly elastic. The usual [...]

By |2016-07-12T14:18:13+00:00July 12, 2016|Public Revenue|Comments Off on Incidence of Tax in the Real Life (With Diagram)

Classification of Taxes: 4 Types

This article throws light upon the four main types of taxes charged on taxpayers. the types are: 1. Direct and Indirect Taxes 2. Proportional, Progressive, Regressive and Degressive Taxes 3. Specific and Ad-Valorum Duties 4. Value Added Tax (VAT). Type # 1. Direct and Indirect Taxes: On the basis of assessment, rather than on the point of assess­ment, taxes are [...]

By |2016-07-12T14:18:13+00:00July 12, 2016|Public Revenue|Comments Off on Classification of Taxes: 4 Types

Top 4 Theories of Tax Shifting

This article throws light upon the top four theories of tax shifting. The theories are: 1. Concentration Theory 2. The Diffusion Theory 3. Demand and Supply Theory of Incidence 4. Musgrave’s Approach. Tax Shifting # 1. Concentration Theory: This theory was advocated by the physiocratic school of thought in France during the middle of the 18th century. Physiocrats believed that [...]

By |2016-07-12T14:18:13+00:00July 12, 2016|Tax Shifting|Comments Off on Top 4 Theories of Tax Shifting
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