StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Governments and Taxation Systems - Essay Example

Cite this document
Summary
The paper "Governments and Taxation Systems" highlights that most governments today use the funds acquired to fund public services and welfare. This can include services such as health and education systems, unemployment benefits and public transport. …
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98% of users find it useful
Governments and Taxation Systems
Read Text Preview

Extract of sample "Governments and Taxation Systems"

This paper focuses on discussing the advantages and disadvantages of government taxes.

There are many forms of tax, and they vary in tax rates. This difference in the types and rates of tax is for the distribution of the tax burden among many individuals and classes that exist in the population. These individuals are involved in various businesses and taxable activities in history the noble people were supported by the taxes that were imposed on the poor people, in modern social settings, the taxes are intended for the support of the poor people, the retired, and the disabled people, this is managed through the taxation of the working class individuals. Some countries use tax to fund military and foreign aid, influencing the macroeconomic performance of the economy (Smith et al 56).

The taxation system of any country or nation is a reflection of the communal values and the value of those in power. The government in determining the distribution of taxes must make a critical choice and who is eligible for taxation. The government also has to determine how the tax collected will be utilized. In most democratic nations, the people elect members of the tax system who are in charge of the system. The choices made reflect the community, which the public wishes to create (Smith et al 90).

The public is often dissatisfied with the way the government utilizes the funds collected from taxation. Taxes are levied for the funding of government projects and programs that deviate later to the general government funds. In the other case, the taxes are collected using inefficient methodologies that leave the public dissatisfied (Hopkins 37).
Taxation distorts the market and this results in economic inefficiency. Other individuals argue that most, if not all, forms of taxation are immoral. This is because they are involuntary and an individual does not have the option of forfeiting taxation. This is considered tax fraud and can lead to imprisonment (Hopkins 35).
Taxation forms the most fundamental way for governments to get funds.

These funds are then used for the benefit of the country, though taxation may have some disadvantages, they are minimal when compared to the advantages of taxation. It is through taxation that governments fund public education, provide health care to the poor, and undertake projects that will lead to economic development. Taxation is essential to all countries, and individuals should appreciate the work done through the funds attained from taxation. Taxes may cut the income that an individual earns, but collectively this tax enables the government to deliver services, that its citizens cannot provide for themselves. Everyone should embrace tax and pay it when eligible for their benefit. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Tax in general Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Tax in general Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/education/1599151-tax-in-general
(Tax in General Essay Example | Topics and Well Written Essays - 500 Words)
Tax in General Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/education/1599151-tax-in-general.
“Tax in General Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/education/1599151-tax-in-general.
  • Cited: 0 times

CHECK THESE SAMPLES OF Governments and Taxation Systems

Taxation Law: Set of Legislations

An essay "taxation Law: Set of Legislations" outlines that most of the countries fund their operations from revenues collected through taxation.... The following discourse is on Australian taxation laws.... The case under study, therefore, seeks to discuss in details all the legal aspects of income tax and the taxation structure that affects this type of tax.... The above financial conditions will attract income tax policy mechanisms according to the state taxation principles....
8 Pages (2000 words) Essay

Health Care Funding Systems

This approach is referred to as taxation systems in health care.... The paper "Health Care Funding systems" states that social health insurance and the tax-financed systems in health care have been used widely in most countries in the world.... Some countries prefer one of the funding systems depending on the way they can manage it.... Different countries in the world have different types of health care systems....
8 Pages (2000 words) Essay

Australian Taxation system

As testified in the sections of the Australian constitution, all individuals both working and non-working and also companies are forced to pay taxes to all the levels of government: the federal government, the state governments and the local governments.... Research done in several Australian newspapers has testified that taxation is the backbone of the Australian economy.... Australian taxation system.... Research done in several Australian newspapers has testified that taxation is the backbone of the Australian economy....
6 Pages (1500 words) Essay

Taxation Impacts on International Business

Every state has different taxations schemes or systems.... The aspect of taxation has great implications for the international business.... The loan interest rate is a subject of taxation; hence it would be right to say that taxation determines the funds available in such banks for loaning purposes.... It is worth mentioning that major contributions to the national and global treasury are from taxation.... The following discussion would compare the taxation schemes between two countries which are the United States and Kenya....
3 Pages (750 words) Essay

Taxation System of UK

This paper ''taxation System of UK'' tells that According to Adam Smith, there are four main principles or maxims of taxation – equity, certainty, convenience, and efficiency.... For example, if the government spends more to collect a given amount of tax money it is useless having a system of taxation.... In the UK the current system of taxation has several shortcomings such as collective bias in favor of those who can pay and structural deficiencies at the deduction level....
12 Pages (3000 words) Essay

Comparative Federalism

American federal system of governance distributes power between two centers of power that is the state governments and the national government (Bardes, Shelley, and Shelley 50).... Different nations offer difference systems of the federal system of Comparative Federalism Federalism refers to division of power between two or more centers of power that is a regional government and central government.... Different nations offer difference systems of the federal system of governance....
2 Pages (500 words) Essay

Is it Correct for Successive Governments to Manipulate the Personal Taxation System for Economic Purposes

The paper "Is it Correct for Successive Governments to Manipulate the Personal taxation System for Economic Purposes" states that in the UK, the tax department has centralized the business rates.... he success of the personal taxation system depends upon the principles of taxation procedure.... here are four important canons of taxation.... To create a taxation system, a nation makes the choice of distribution for the tax that will pay the taxes and how much amount will pay for the tax....
16 Pages (4000 words) Research Paper

A Taxation Law of Australia

It operates as part of the Treasurer's portfolio with the duty to manage tax-related systems.... The author of the paper titled "A taxation Law of Australia" seeks to explore the various functions of government organs that regulate tax processes in Australia, the fundamentals of tax legislation, and the application of tax laws in calculating tax.... Various amendments are made to the Income Tax Assessment Act 1997 and these determine tax rates or provide clarity on various taxation issues....
6 Pages (1500 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us