• Taxation Ethics

  • What is taxation? Before shedding light on the taxation ethics, it is imperative to first know what taxation is. To tax, in simple terms is to impose a monetary charge or other levies on an individual or a legal entity where... 

  • Tax Purposes

  • The Four “R”s Basically, taxation has four main purposes also identified as tax effects. They are: Revenue, Redistribution, Repricing and Representation. Revenue The main tax purpose is revenue. Tax revenue... 

  • Tax Burden

  • Economics define tax incidence as the study and analysis of the outcomes of a specific tax on the sharing of economic interests and welfare. It is believed that tax incidence falls on the category that it will ultimately... 

  • Retirement Tax

  • Retirement taxes, as the name suggests is tax levied on the amount retired individuals are paid. In a number of countries which have social security systems, they provide retired citizens with an income thus they fund the... 

  • Regressive Taxation

  • Any tax system, be it an income or consumption tax system features its relationship to the percentage of tax burden. A regressive taxation is whereby the effective tax rate decreases as the amount subject to taxation increases.... 

  • Proportional Taxation

  • Debatably, the most important element of tax systems is the overall percentage of tax burden as it relates to the type of system, be it consumption or income. It makes it therefore important to analyze and describe the distribution... 

  • Passive Income

  • There are three main types of income; Passive, Active and Portfolio income. Passive income is a rent, income, or earning received by an individual on a recurring regular basis with little effort from the individual required... 

  • Income Splitting

  • Definition of Income Splitting In a jurisdiction that utilizes progressive taxation, income splitting is a method by which a family’s income tax is reduced. It is the act of distributing income amongst family members instead... 

  • Dividend Tax

  • In general simple terms, dividend tax is an income tax imposed on the dividends paid to stockholders. Dividends on the other side are payments made by a company to its stockholders; it is the portion of profit shared out... 

  • Consumption Tax

  • A Consumption Tax is levied on the amount spent on services and goods. It is based on consumption. It is normally an indirect tax like value added tax or sales tax. Although it can be levied as a type of personal direct taxation... 

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