Question

characteristics of good taxation system ? 200 words​

Answer 1

Answer:

a good tax system should meet five basic condition

fairness,adequancy, simplicity,transparency,and administration.although opinions about what makes a good tax system will very ,there is general consensus that these five basic conditions should be maximised to the greatest extent possible

Answer 2

Characteristics of good taxation system:

Characteristics of a good taxation system are be as follows:

1. Equitable

2. Minimum Interface

3. Check on the inefficiency of private sector

4. Achievement of Growth Objective

5. Simple and clear

6. Less Expensive

7. Maximum Social benefit

• An ideal taxation system is that which includes all types of taxes according to need.
• From Smith to modern economists what has been explained about the theories of taxation that give us a good base for the formation of qualities of a good taxation system.
• In this context, Lutz says that "neither a tax is completely good and nor completely bad." Practically no taxation system can be without defects.

Learn more about Taxation system:

Analyse the taxation system of the pre revolutionary france

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Answer the following questions:

1)Write a short note on taxation system of different estates of France

2)Explain Fire Decree

3) Explain Enabling Act

4) Describe the 2 phases of Russian Revolution​

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