Economy, asked by rabitapaul51, 8 months ago

The theories of taxation applicable to the developed nations cannot be largly applied to the developing ones. Explain.​

Answers

Answered by luckykatara245
0

Answer:

Such things as defending the country and maintaining the institutions of good government are of general benefit to the public. Thus, it is reasonable that the population as a whole should contribute to the tax costs. It is also reasonable to demand certain other things of a tax system – for example, that the amounts of tax individuals pay should bear some relationship to their abilities to pay… Good taxes meet four major criteria. They are (1) proportionate to incomes or abilities to pay (2) certain rather than arbitrary (3) payable at times and in ways convenient to the taxpayers and (4) cheap to administer and collect

Explanation:

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