Taxation History, Theory, Law and Administration
Taxation History, Theory, Law and Administration
by Parthasarathi Shome
English | 2021 | ISBN: 3030682137 | 701 Pages | PDF EPUB | 11 MB
by Parthasarathi Shome
English | 2021 | ISBN: 3030682137 | 701 Pages | PDF EPUB | 11 MB
Tax practitioners are unfamiliar with tax theory. Tax economists remain unfamiliar with tax law and tax administration. Most textbooks relate mainly to the US, UK or European experiences. Students in emerging economies remain unfamiliar with their own taxation history. This textbook fills those gaps. It covers the concept of taxes in regards to their rationale, principles, design, and common errors. It addresses distortions in consumer choices and production decisions caused by tax and redressals. The main principles of taxation—efficiency, equity, stabilization, revenue productivity, administrative feasibility, international neutrality—are presented and discussed. The efficiency principle requires the minimisation of distortions in the market caused by tax. Equity in taxation is another principle that is maintained through progressivity in the tax structure. Similarly, other principles have their own ramifications that are also addressed.