Principles of taxation pdf

In this article we will discuss about the principles of taxation. This chapter describes the main principles of international taxation. Journal of economics and management the principles of tax law. The law was thought to be sufficient to drive many cigarette companies out of business, and was questioned in court by a cigarette company that would go out of business because it would not be able to pay the increased tax. Principles of taxation are those formal guidelines which are widely accepted andor discussed and should be considered whenever specific laws are proposed, discussed and implemented. A populareconomist adam smith came up with four canons of taxation. It then provides an overview of the principles underlying corporate income tax, focusing primarily on the taxation of crossborder income both under domestic laws.

Aicpa principles of good tax policy oecd tax principles u. The most important source of government revenue is tax. The canon of productivity indicates that a tax when levied should produce sufficient revenue to the government. A tax is a compulsory payment made by individuals and companies to the government on the basis of certain wellestablished rules or criteria such as income earned, property owned. A good tax system should have a proper combination of all kinds of taxes having different canons. Chapter 2 fundamental principles of taxation oecd ilibrary. On the general principles of taxation, as illustrating the advan tages of a perfect income tax.

Pdf the aim of the article is the study of theoretical and methodological, and doctrinal approaches to the typology of the constitutional principles. Pdf aimpurpose the purpose of this article is a presentation of the principles of tax law equality with the aim of establishing the significance. Kl is now considering to change its accounting year from 30 june to 30 september. Congress passed a sin tax law that increased the tax rates on cigarettes by 1,000%. Taxation, imposition of compulsory levies on individuals or entities by governments. Principles and practice of taxation in nigeria, 2 nd ed. Find all the study resources for principles of taxation law by k. Minimum tax section 33 of companies income tax act cita cap c21 lfn, 2004 as emended jan 2009. Some writers on public finance have formulated four other important canons principles of taxation. A framework for evaluating tax proposals formulations of principles of good tax policy the following table shows how the guiding principles correspond to commonly used formulations of criteria used to analyze tax systems. Tax policy concept statement 1 guiding principles of good. Business taxation 201516 semester iii study text executive diploma in business and accounting business school ca sri lanka. Tax compliance, tax evasion and tax avoidance a meaning b factors influencing tax compliance 9. Pdf the principles of tax law equality in the context of direct.