Principles of an optimal tax system, Managerial Economics

PRINCIPLES OF AN OPTIMAL TAX  SYSTEM

When taxes are imposed certain conditions must be fulfilled.  These conditions are known as Principles or canons of taxation. According to Adam Smith who first studied the principles of taxation, these are equity, certainty, economy and convenience.

Posted Date: 11/30/2012 3:05:14 AM | Location : United States







Related Discussions:- Principles of an optimal tax system, Assignment Help, Ask Question on Principles of an optimal tax system, Get Answer, Expert's Help, Principles of an optimal tax system Discussions

Write discussion on Principles of an optimal tax system
Your posts are moderated
Related Questions
write a note on marris growth maximising model?

Using the CD data estimate a quadratic cost function. Test the hypothesis that there is diminishing marginal cost. Be sure to state what critical value you are using. Then, using t

with the of evidence comprehensively discuss the market structure in the south African mobile telecommunications industry

Q. Implications for the shape of cost function? A cost function is also a mathematical relationship, one which relates the expenses an organisation incurs on the quantity of ou

Explain the Theory of Production Cost and Production analysis is central for the unhampered functioning of the production process and for project planning. Production is an e

Assume that Nicolas and Orson plan to sell soft drinks on a beach this summer. The beach is 400 meters long and sunbathers are spread evenly across its length. Nicolas and Orson se

Define the Managerial economics Managerial economics is thus a study of application of managerial skills in economics. It assists in determining, anticipating and resolving po

Describe the Status goods of law of demand The law doesn't concern the commodities that function as a 'status symbol', add to the social status or exhibit prosperity and opulen

Q. What do you mean by Kinked Isoquant? This isoquant presumes only limited substitutability of labour andcapital. There are just a few processes for generating any one commodi

McDonalds has been operating in many Asian countries such as China, Singapore and Japan. However, McDonalds has yet to open its ?rst restaurant in Vietnam, a country with over 80 m