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A narrower view of the theory of taxation reduces the system to two issues: who can pay and who can benefit (Benefit principle). Influential theories have been the ability theory presented by Arthur Cecil Pigou [2] and the benefit theory developed by Erik Lindahl. [3][4] There is a later version of the benefit theory known as the "voluntary ...
The Tax Man Cometh: Ideological Opposition to Internal Taxes, 1760-1790. Unger, Harlow, John Hancock, Merchant King and American Patriot, 2000, ISBN 0-7858-2026-4; Slaughter, Thomas P. (1984). "The Tax Man Cometh: Ideological Opposition to Internal Taxes, 1760-1790". The William and Mary Quarterly. 41 (4): 566–591. doi:10.2307/1919154. JSTOR ...
The benefit principle is a concept in the theory of taxation from public finance. It bases taxes to pay for public-goods expenditures on a politically-revealed willingness to pay for benefits received. The principle is sometimes likened to the function of prices in allocating private goods. [1] In its use for assessing the efficiency of taxes ...
Taxation. A Pigouvian tax (also spelled Pigovian tax) is a tax on any market activity that generates negative externalities (i.e., external costs incurred by third parties that are not included in the market price). A Pigouvian tax is a method that tries to internalize negative externalities to achieve the Nash equilibrium and optimal Pareto ...
Optimal tax theory or the theory of optimal taxation is the study of designing and implementing a tax that maximises a social welfare function subject to economic constraints. [1] The social welfare function used is typically a function of individuals' utilities , most commonly some form of utilitarian function, so the tax system is chosen to ...
A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization to collectively support government spending, public expenditures, or as a way to regulate and reduce negative externalities. [1] Tax compliance refers to policy actions and individual behaviour ...
Taxation no Tyranny is an influential essay written by Samuel Johnson in 1775 which addressed the issue of Parliamentary sovereignty in the United Kingdom in response to the Declaration and Resolves of the First Continental Congress. Historian Gordon S. Wood noted of the essay that the "doctrine of sovereignty almost by itself compelled the ...
t. e. Optimal capital income taxation is a subarea of optimal tax theory which studies the design of taxes on capital income such that a given economic criterion like utility is optimized. [1] Some have theorized that the optimal capital income tax is zero. Starting from the conceptualization of capital income as future consumption, the ...