Single Point Tax | Multi Point Tax | Meaning | Differences
What is Single Point Tax? Single Point taxation means imposition of tax at only one point between the production and the sale of goods to ultimate consumers. The tax …
Category: Taxation
Effects of taxation on distribution
Effects of Taxation on Distribution An important objective of taxation in most of the welfare states is to reduce the inequalities of income and wealth and to bring about …
Effects of Taxation on Consumption
Effects of taxation on consumption A tax increases the price of the taxed good relative to the prices of untaxed or lower taxed goods. The increase in the relative …
How do taxation influence productivity of a Nation?
Taxation can influence the production of a nation by influencing four basic factors. They are as follows: Ability to work, save and invest. Willingness to work, save and invest. …
Stages in development of Levy of Tax | General Characteristics
Stages in the development of levy of tax The levy of tax has crossed over various stages to reach the present state. Prof. E.R.A. Seligman has listed out the …
Federation | Federal Finance | Meaning | Principles
What is federal system? Where the government’s functions are divided between two sets of authorities i e. the Central Government, and the State Governments, it is called a federal …
Steps taken by Government to deter Income Tax Evasion in India
Steps taken by Government to deter Income Tax Evasion in India Government has introduced a number of measures to deter tax evasion in India. Such measures are briefly explained …
Measures to curb Black Money in India
Remedies or Measures to Curb Black Money in India The menace of ever raising black money in Indian economy is very high. It is a well known fact that …
What are the effects of Black Money on Economy?
What are the effects of Black money? Black money is a socioeconomic evil. The existence of rapidly growing black money in our economy has grave and disastrous consequences. The …
What are the Causes of Black Money in India?
Causes of Black Money in India Black money is always an evil for any economy. There are various reasons for the generation of Black money. 13 such reasons are …