Theories of taxation: the economists have put forward many theories or principles of taxation at different times to guide the state as to how justice or equity in taxation can be achieved. Taxation and economic growth eric engen & jonathan skinner abstract - tax reforms are sometimes income tax cut coupled with a halving of the tax on capital gains, with a either. Confuicting theories of corporate income taxation' gumrardcol i tim probl of coarporm ihcome taxation the income tax is the last step in the long development of taxes away from the.
Taxation through the looking glass: the mirror theory and the income tax system of the us virgin islands before and after the tax reform act of 1986. Optimal tax theory or the theory of optimal taxation is the study of designing and implementing a tax that maximises a social welfare function subject to economic constraints the social. Theories of taxation tax or taxation is a compulsory contribution to the state revenue, levied by the government on personal income and business profits or added to the cost of some goods. Tax scholars have developed a number of theories over the years with respect to a pure (or normative) income tax system these theories seem to be more important than ever, particularly in.
Several theories of taxation exist in public economics governments at all levels (national, regional and local) need to raise revenue from a variety of sources to finance public-sector. Theories of distributive justice and limitations on taxation: what rawls demands from tax systems linda sugin introduction liam murphy and thomas nagel, at the beginning of their. The theory of taxation and public economics presents a unified conceptual framework for analyzing taxation--the first to be systematically developed in several decades an original treatment.
The ethics of taxation to consider the merits of this argument we should start with the work of john rawls, and in particular with his book a theory of justice (1971) rawls argued that. International journal of business and social science vol 3 no 8 [special issue - april 2012] 99 impact of tax administration on government revenue in a developing economy . 3 the standard theory of optimal taxation posits that a tax system should be chosen to maximize a social welfare function subject to a set of constraints. Theories in relation to the sme sector literature review print reference this published: 23rd march, this chapter undertakes the task of analysing different theories in relation to.
Accounting theory and taxation by mark e richardson parallel growth of accounting theory and income taxation a review of the advancements in the field of accounting theory. The more the benefit a citizen receives, the more taxes he should bear, is the main assumption of the benefit theory of taxation. The theory of tax evasion: a retrospective view 645 this is true, at least to some extent, with respect to the degree of progressivity of the personal income tax, and even more.
The most important theories of taxation are classical theory, keynesian theory, neo-classical theory and neo-keynesian theory.