Archive | Taxes

Objectives of Tax Policy in Developing Countries

Get the answer of: What should be the Objectives of Tax Policy in Developing Countries? Taxation is the compulsory means by which government finances its activities and expenditures. A distinction is often made between direct taxes and indirect taxes. Direct taxes are assessed upon the tax-paying capacities of assesses such as their income or wealth. Indirect taxes are imposed upon [...]

By |2017-01-13T05:55:13+05:30January 13, 2017|Tax Policy|Comments Off on Objectives of Tax Policy in Developing Countries

Principles of Taxation | Economics

In this article we will discuss about the principles of taxation. The most important source of government revenue is tax. A tax is a compulsory payment made by individuals and companies to the govern­ment on the basis of certain well-established rules or criteria such as income earned, property owned, capital gains made or expenditure incurred (money spent) on domestic and [...]

By |2017-01-13T05:55:13+05:30January 13, 2017|Taxes|Comments Off on Principles of Taxation | Economics

Direct and Indirect Tax: Merits and Demerits | Economics

In this article we will discuss the merits and demerits of direct and indirect taxes on an economy. Taxes may be classified as direct and indirect. Direct taxes are levied on a person's or a firm's income or wealth and indirect taxes on spending on goods and services. Thus, direct taxes are paid directly by the person or firm on [...]

By |2017-01-13T05:55:13+05:30January 13, 2017|Taxes|Comments Off on Direct and Indirect Tax: Merits and Demerits | Economics
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