A report on Tax

Total revenue from direct and indirect taxes given as share of GDP in 2017
Pieter Brueghel the Younger, The tax collector's office, 1640
Substitution effect and income effect with a taxation on y good.
Budget's constraint shift after an introduction of a lump sum tax or a general tax on consumption or a proportional income tax.
The Laffer curve. In this case, the critical point is at a tax rate of 70%. Revenue increases until this peak, then it starts decreasing.
General government revenue, in % of GDP, from social contributions. For this data, the variance of GDP per capita with purchasing power parity (PPP) is explained in 20% by social contributions revenue.
Egyptian peasants seized for non-payment of taxes. (Pyramid Age)
Public finance revenue from taxes in % of GDP. For this data, the variance of GDP per capita with purchasing power parity (PPP) is explained in 32% by tax revenue.
Diagram illustrating deadweight costs of taxes

Compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.

- Tax
Total revenue from direct and indirect taxes given as share of GDP in 2017

86 related topics with Alpha

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Fixed tax

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A fixed tax is a lump sum tax that is not measured as a percentage of the tax base (income, wealth, or consumption).

French corvée

Corvée

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Form of unpaid, forced labour, that is intermittent in nature lasting for limited periods of time: typically for only a certain number of days' work each year.

Form of unpaid, forced labour, that is intermittent in nature lasting for limited periods of time: typically for only a certain number of days' work each year.

French corvée
Egyptian peasants seized for non-payment of taxes during the Pyramid Age.
Paul I's edict, the manifesto of three-day corvee
C. 1000 BC clay bowl, one day corvée ration(?) Marlik, Iran
Amarna letter 365, Nuribta

As such it represents a form of levy (taxation).

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Jizya

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Indian Emperor Aurangzeb, who re-introduced jizya
A jizya document from 17th century Ottoman Empire.

Jizya (جِزْيَة / ) is a per capita yearly taxation historically levied in the form of financial charge on dhimmis, that is, permanent non-Muslim subjects of a state governed by Islamic law.

Taxpayer

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A taxpayer is a person or organization (such as a company) subject to pay a tax.

An advertising poster for a Dutch insurance company from c. undefined 1900–1918 depicts an armored knight

Insurance

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Means of protection from financial loss.

Means of protection from financial loss.

An advertising poster for a Dutch insurance company from c. undefined 1900–1918 depicts an armored knight
Merchants have sought methods to minimize risks since early times. Pictured, Governors of the Wine Merchant's Guild by Ferdinand Bol, c. 1680.
Lloyd's Coffee House was the first organized market for marine insurance.
Leaflet promoting the National Insurance Act 1911.
A wrecked vehicle in Copenhagen
Great Western Hospital, Swindon
Workers' compensation, or employers' liability insurance, is compulsory in some countries
Amicable Society for a Perpetual Assurance Office, Serjeants' Inn, Fleet Street, London, 1801
This tornado damage to an Illinois home would be considered an "Act of God" for insurance purposes
US Airways Flight 1549 was written off after ditching into the Hudson River
Hurricane Katrina caused over $80 billion of storm and flood damage
The demand for terrorism insurance surged after 9/11
The subprime mortgage crisis was the source of many liability insurance losses
High-value horses may be insured under a bloodstock policy
Certificate issued by Republic Fire Insurance Co. of New York c. 1860
9/11 was a major insurance loss, but there were disputes over the World Trade Center's insurance policy

In most countries, life and non-life insurers are subject to different regulatory regimes and different tax and accounting rules.

A diagram showing the "effects of price freedom"

Free market

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System in which the prices for goods and services are self-regulated by buyers and sellers negotiating in an open market without market coercions.

System in which the prices for goods and services are self-regulated by buyers and sellers negotiating in an open market without market coercions.

A diagram showing the "effects of price freedom"

The laissez-faire principle expresses a preference for an absence of non-market pressures on prices and wages such as those from discriminatory government taxes, subsidies, tariffs, regulations, or government-granted monopolies.

Duty (tax)

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In economics, a duty is a target-specific form of tax levied by a state or other political entity.

A basic representation of a Laffer curve, plotting government revenue (R) against the tax rate (t) and showing the maximum rate of revenue at t*

Laffer curve

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A basic representation of a Laffer curve, plotting government revenue (R) against the tax rate (t) and showing the maximum rate of revenue at t*
Arthur Laffer
An asymmetric Laffer curve with a maximum revenue point at around a 70% tax rate, as estimated by Trabandt and Uhlig (2011)
Figure compares the Laffer curve under the assumption that firms do not respond to changes in the tax rate (Naïve) to the Laffer curve when firms adjust their prices (Firm Response) as estimated in Miravete, Seim, & Thurk (2018). The tax revenue-maximizing rates are indicated in parentheses.
Laffer curve: t* represents the rate of taxation at which maximal revenue is generated. The grey curve is as drawn by Laffer; however, the curve might not have only a single peak, nor must it peak symmetrically at 50%.

In economics, the Laffer curve illustrates a theoretical relationship between rates of taxation and the resulting levels of the government's tax revenue.

Fiscal capacity

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Ability of the state to extract revenues to provide public goods and carry out other functions of the state, given an administrative, fiscal accounting structure.

Ability of the state to extract revenues to provide public goods and carry out other functions of the state, given an administrative, fiscal accounting structure.

In economics and political science, fiscal capacity may be referred to as tax capacity, extractive capacity or the power to tax, as taxes are a main source of public revenues.

Hypothecated tax

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The hypothecation of a tax (also known as the ring-fencing or earmarking of a tax) is the dedication of the revenue from a specific tax for a particular expenditure purpose.