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To generate revenues to pay for government expenditures.

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13y ago

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Principles of a good tax system?

The principles of good tax system is that it is efficient, understandable and equitable. The benefit principle is also another principle of a good tax system.


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Doppler effect is the basic principle for the radar.


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(1) Fiscal adequacy - means that the sources of revenues should be sufficient to meet the demand of public expenditures.(2) Equality or theoretical justice - means that the tax burden should be in proportion to the taxpayer's ability to pay. (ability-to-pay principle). (3) Administrative feasibility - means that tax laws should be capable of convenient, just and effective administration.


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1. Fiscal Adequacy - the sources of tax revenue should coincide with, and approximate the needs of government expenditure. Neither an excess nor a deficiency of revenue vis-à-vis the needs of government would be in keeping with the principle.2. Administrative Feasibility - tax laws should be capable of convenient, just and effective administration.3.Theoretical Justice - the tax burden should be in proportion tothe taxpayer¶s ability to pay( ability- to - pay principle). The 1987Constitution requires taxation to be equitable and uniform.


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A Regresssive tax system is when a larger percantage frome the income from low-income people than the income of high-income people


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