Sabitha.

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Sabitha.

  1. 1. WELCOME<br />
  2. 2. THE CHARACTERISTICS OF GOOD TAX SYSTEM<br />
  3. 3. A good or ideal tax system is one which fulfill all the canons of taxation . It mean by a good or ideal tax system is simply predominance of a good taxes , taxes which fulfill most of the canons of taxation, taxes which provide sufficient revenue ,Which affect the economic position of people. <br />
  4. 4. The following characteristics are,<br /><ul><li>Observe all the canons
  5. 5. The basis of fundamental principles of taxation.
  6. 6. Ensure maximum social advantage.
  7. 7. Balanced.
  8. 8. Universal application of taxes.
  9. 9. Effects on production and distribution.
  10. 10. Sources of public revenue.
  11. 11. Freedom from harassment.</li></li></ul><li><ul><li>Observe all the canons</li></ul>It should be imposed that are equitable , convenience to pay ,certain ,economical, productive ,elastic and simple . The arguments is that majority of the taxes should observe most of the canons.<br /><ul><li>The basis of fundamental principles of taxation</li></ul>It implies that the allocation of taxes between different groups of person should made in accordance with the principle of least sacrifice, cost and benefit and above all, ability to pay.<br />
  12. 12. <ul><li>Ensure maximum social advantages </li></ul>To ensure maximum social advantage or least aggregate sacrifice is not the tax of one tax, but it is from the combination of all the taxes.<br /><ul><li>Balanced</li></ul>A tax system is simply that there should exist not one kind of taxes but all kinds of them in a proper balance.<br /><ul><li>Universal application of taxes</li></ul>It should ensure universal and uniform application of taxes to each individual of the society without any discrimination .<br />
  13. 13. <ul><li>Effects on production and distribution</li></ul>A good tax system always promotes production encourages people to work, save and invest and increases national income and its equitable distribution.<br /><ul><li>Sources of public revenue</li></ul>Tax is an important part of the total revenue of the budget. It is a sources of public revenue and hence it should provide necessary revenue to the government.<br /><ul><li>Freedom from harassment</li></ul>Tax laws should be simple in language and the tax liability should be easily determinable with certainty.He should feel happy in paying the taxes.<br />
  14. 14. THANK YOUBYSABITHA.S<br />

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