Day: October 14, 2020

Tax Impact This is the first point of contact of tax on the taxpayers. It’s upon those persons who bear the first responsibility of paying it to the government. Tax Incidence This is the final resting place of tax. It’s Read More …

“Taxable capacity is that maximum amount which the community is in a position to bear towards the expenses of public authorities without dislocating the economic systems. It is the optimum tax ability of a nation. The amount of tax burden Read More …

The government imposes taxes and they create burdens to taxpayers. However, the same taxes are used for the welfare of all citizens. This means that taxes have both good and bad effects. An optimum or a good tax system is Read More …