com/Article/2921577/Indias-infant-environmental-taxes-slowly-growing.html Ocran‚ N. ( 2012). Finance and Sustainable Development. In N. Ocran‚ Issues in Development Finance (pp. 48-51). Africa Growth Institute. Organisation for Economic Co-operation and Development. (2011). Environmental Taxation: A Guide for Policy Makers. Retrieved from OECD: http://www.oecd.org/env/tools-evaluation/48164926.pdf Srivastava‚ D.‚ & Bhujanga Rao‚ C. (2010). Reforming Indirect Taxes in India: Role of Environmental Taxes. East Asian Bureau of Economic Research
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pays it to the government‚ therefore it is an indirect tax. The Constitution of India (COI) has given power to levy tax to central and state government under seventh schedule. The taxation in India is either charged by the state governments or by the central government. In the basic scheme of taxation in India‚ it is conceived that central government will levy and collect tax revenue from Income Tax (except on Agricultural Income)‚ Excise (except on alcoholic drinks) and Customs
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Government body….It is an enforced contribution of money enacted pursuant to legislative authority….Analyze the importance and the problems of TAXATION and the way forward in Nigeria………….’ INTRODUCTION Income taxes provide the largest single source of government revenues in most developed countries or developing countries for example Nigeria. Indeed‚ Taxation is one of the most vital elements or sources of income imposed on both individuals and corporations by the government in order to enable
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A BRIEF UNDERSTANDING : The system of taxation in India is still now very much primitive. For development of any nation and for civilization imposition of tax within the framework of logical structure is utmost necessary. Revenue raised is utilised for meeting the expenses of government as well as to carry out developmental works. In this context the felicitous version of Justice Holmes is worth–mentioning - “Taxes are what we pay for civilized society. I like to pay taxes. With them I buy civilization”
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tax/GDP ratio. * Micro: Incidence of tax will come down in case of manufactured goods. However‚ in case of services the incidence and coverage of tax may rise resulting in higher prices. * Industry: Volume growth will accrue as incidence of taxation is minimized. Also‚ supply chain efficiencies will accrue as there will be no need for multiple depots and warehouses. * Likely beneficiaries: Auto‚ FMCG‚ Logistics sectors GST is not just VAT + Service tax‚ but an improvement over the previous
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government can make good use of the taxation in the gambling business. The government can use the fiscal policy. The first half of the policy involves taxation. The government can important the taxation of the casino and lotteries and other forms of the gambling. This is a useful way to strengthen the power of the government. It is also a good way to limited people to go to casino because of the high taxation. Besides that ‚ the government can use the taxation to help move the economy when it is
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Department of Economics University of California‚ Berkeley March 6‚ 2006 Abstract We investigate ‘‘sin taxes’’ on unhealthy items‚ such as fatty foods‚ that people may (by their own reckoning) consume too much of. We employ a standard optimal-taxation framework‚ but replace the standard assumption that all consumers have 100% self control with an assumption that some consumers may have some degree of self-control problems. We show that imposing taxes on unhealthy items and returning the proceeds
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For example‚ Tax System of Bangladesh‚ tax structure in Bangladesh ‚ canon of taxation and implementation of the canon of tax in Tax System of Bangladesh. In this way‚ we have collected information regarding overall tax system in Bangladesh . As‚ tax is an important part of our country development. So‚ day by day‚ people are getting more conscious and informed about tax. 1.1. Origin of the report: The taxation system in Bangladesh is based on the ability to pay theory and hence utilizes the
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for many other functions. If it was not for taxation our roads‚ public buildings would be a complete mess. Our emergency services such as‚ law enforcement‚ EMT‚ and Fire/rescue thrive off of tax dollars‚ many of our healthcare offices also use tax payers money to stay open. The taxing process from distribution to collecting them has people on the fence with different point of views. In this paper I will be discussing the questions raised about taxation. What happens to net personal income when
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the government expenditure * It is one of the prime sources of revenue for the government * It is not a fine or penalty * It is paid by the taxpayer without expectation of any direct return from the government Purposes or Objectives of Taxation * Revenue collection * Reduction of inequalities in income and wealth * Accelerating economic growth * Control of consumption * Protection of local industries * Economic development Role of Tax in Economic Development
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