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    Principles of Sound Tax System

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    Nathaniel Castillo
    A sound tax system should have three key principles: fiscal adequacy to generate sufficient revenue to fund public spending, theoretical justice by taxing those with a greater ability to pay through a progressive system, and administrative feasibility so taxes can be collected conveniently and effectively.

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    Principles of Sound Tax System

    Uploaded by

    Nathaniel Castillo
    18 views1 page
    A sound tax system should have three key principles: fiscal adequacy to generate sufficient revenue to fund public spending, theoretical justice by taxing those with a greater ability to pay through a progressive system, and administrative feasibility so taxes can be collected conveniently and effectively.

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    PRINCIPLES OF SOUND TAX SYSTEM.docx

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    A sound tax system should have three key principles: fiscal adequacy to generate sufficient revenue to fund public spending, theoretical justice by taxing those with a greater ability to pay through a progressive system, and administrative feasibility so taxes can be collected conveniently and effectively.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    18 views1 page

    Principles of Sound Tax System

    Uploaded by

    Nathaniel Castillo
    A sound tax system should have three key principles: fiscal adequacy to generate sufficient revenue to fund public spending, theoretical justice by taxing those with a greater ability to pay through a progressive system, and administrative feasibility so taxes can be collected conveniently and effectively.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
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    PRINCIPLES OF SOUND TAX SYSTEM (FAT)

    1. Fiscal Adequacy – sources of revenue should be sufficient to meet the demand for public
    expenditure.
    2. Theoretical Justice – considers the taxpayers ability to pay (ability-to-pay principle) exemplified with
    progressive tax system.
    3. Administrative Feasibility – tax laws must be capable of convenient, just and effective
    administration.

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