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

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Saudi Arabia

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Country on the Arabian Peninsula in Western Asia.

Country on the Arabian Peninsula in Western Asia.

Anthropomorphic stela (4th millennium BC), sandstone, 57x27 cm, from El-Maakir-Qaryat al-Kaafa (National Museum of Saudi Arabia, Riyadh)
The "Worshipping Servant" statue (2500 BC), above 1 m in height, is much taller than any possible Mesopotamian or Harappan models. Photo courtesy of the National Museum of Korea.
Qaṣr Al-Farīd, the largest of the 131 rock-cut monumental tombs built from the 1st century BC to the 1st century AD, with their elaborately ornamented façades, at the extensive ancient Nabatean archaeological site of Hegra located in the area of Al-'Ula within Al Madinah Region in the Hejaz. A UNESCO World Heritage Site since 2008.
Colossal statue from Al-'Ula in the Hejaz (6th–4th century BC), it followed the standardized artistic sculpting of the Lihyanite kingdom, the original statue was painted with white
At its greatest extent, the Umayyad Caliphate (661–750) covered 11100000 km2 and 62 million people (29 per cent of the world's population), making it one of the largest empires in history in both area and proportion of the world's population. It was also larger than any previous empire in history.
The Battle of Badr, 13 March 624 CE
Abdulaziz Ibn Saud, the founding father and first king of Saudi Arabia
Political map of Saudi Arabia
Map of Saudi Arabian administrative regions and roadways
Map of oil and gas pipelines in the Middle-East
King Fahd with US President Ronald Reagan and future US President Donald Trump in 1985. The US and Saudi Arabia supplied money and arms to the anti-Soviet mujahideen fighters in Afghanistan.
As many as 500 princes, government ministers, and business people, including Prince Fahd bin Abdullah, were arrested by Saudi Arabian authorities as part of the 2017 Saudi Arabian purge
Abdullah ibn Muhammad Al ash-Sheikh with Bogdan Borusewicz in the Polish Senate, 26 May 2014
Verses from the Quran. The Quran is the official constitution of the country and a primary source of law. Saudi Arabia is unique in enshrining a religious text as a political document.
U.S. President Donald Trump and First Lady Melania Trump with King Salman bin Abdulaziz Al Saud and the President of Egypt, Abdel Fattah Al Sisi, 21 May 2017
U.S. President Barack Obama meets King Abdullah of Saudi Arabia, July 2014
Faisal Mosque in Islamabad is named after a Saudi king. The kingdom is a strong ally of Pakistan. WikiLeaks claimed that Saudis are "long accustomed to having a significant role in Pakistan's affairs".
Foreign Minister Adel al-Jubeir with then British Foreign Secretary Boris Johnson (now Prime Minister) in London, 16 October 2016
Major Iran–Saudi Arabia proxy conflict locations
Flag of Al-Qaeda, a transnational terrorist group formed by Osama bin Laden, a Saudi Arabian national of Yemeni and Syrian extraction who was stripped of his Saudi passport in 1994.
"The Saudi pilots training in Italy 1935"—a scene from 'Our Eagles', one of four video wall shows made for the Royal Saudi Air Force Museum
Saudi soldiers from the First Airborne Brigade.
Deera Square, central Riyadh. It is a former site of public be-headings.
Saudi Arabia topography
Harrat Khaybar seen from the International Space Station. Saudi Arabia is home to more than 2000 dormant volcanoes. Lava fields in Hejaz, known locally by their Arabic name of harrat (the singular is harrah), form one of Earth's largest alkali basalt regions, covering some 180000 km2, an area greater than the state of Missouri.
A proportional representation of Saudi Arabia exports, 2019
Office of Saudi Aramco, the world's most valuable company and the main source of revenue for the state
The hajj is an annual Islamic pilgrimage to Mecca, the holiest city for Muslims.
King Abdullah Financial Center is one of the largest investment centres in the Middle East, located in Riyadh
Al-Hasa is known for its palm trees and dates. Al-Hasa has over 30 million palm trees which produce over 100 thousand tons of dates every year.
Saudi Arabia population density (people per km2)
Laboratory buildings at KAUST
The Al-Yamamah Private University in Riyadh
UIS literacy rate Saudi Arabia population, 15 plus, 1990–2015
Historical development of life expectancy in Saudi Arabia
Supplicating pilgrim at Al-Masjid Al-Ḥarām (The Sacred Mosque) in Mecca. The Kaaba is the cubic building in front of the pilgrim.
Non-Muslims are prohibited from entering the Islamic holy city of Mecca
Sarah Attar is a track and field athlete who competed at the 2012 Summer Olympics as one of the first two female Olympians representing Saudi Arabia.
The Masjid al-Haram is the holiest Islamic site, located in Mecca
The Mosque of the Prophet in Medina containing the tomb of Muhammad
King Abdullah practising falconry, a traditional pursuit in the country
Arabic coffee is a traditional beverage in Arabian cuisine
Uruguay – Saudi Arabia match at the 2018 FIFA World Cup in Russia
The 3000-year-old ancient historical city of Dumat al-Jandal in Al Jawf Province
The old city of Jeddah
Jabal Sawda ({{convert|3000|m|ft|abbr=on|disp=or}}) located in the 'Asir subrange of the Sarat Mountains
Abha City, located {{convert|2270|m|ft|abbr=on}} above sea level in the 'Asir Region
Beach promenade in Al-Wajh
Dhi 'ain village located in Al Bahah Province
The desert of Al-Rub' Al-Khali (The Empty Quarter)
Saad Khader from left and right Mohammad Al-Ali in 1979

This led to the Ministry advising that there should be a tax increase on unhealthy food, drink and also cigarettes in the region.

Transfer pricing with no external market

Transfer pricing

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In taxation and accounting, transfer pricing refers to the rules and methods for pricing transactions within and between enterprises under common ownership or control.

In taxation and accounting, transfer pricing refers to the rules and methods for pricing transactions within and between enterprises under common ownership or control.

Transfer pricing with no external market
Transfer pricing with a competitive external market
Transfer pricing with an imperfect external market

The discussion in this section explains an economic theory behind optimal transfer pricing with optimal defined as transfer pricing that maximizes overall firm profits in a non-realistic world with no taxes, no capital risk, no development risk, no externalities or any other frictions which exist in the real world.

Economic rent

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Any payment to an owner or factor of production in excess of the costs needed to bring that factor into production.

Any payment to an owner or factor of production in excess of the costs needed to bring that factor into production.

This distinction has important implications for public revenue and tax policy.

British H.M. Revenue & Customs officers with seized smuggled tobacco, 2014.

Smuggling

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Illegal transportation of objects, substances, information or people, such as out of a house or buildings, into a prison, or across an international border, in violation of applicable laws or other regulations.

Illegal transportation of objects, substances, information or people, such as out of a house or buildings, into a prison, or across an international border, in violation of applicable laws or other regulations.

British H.M. Revenue & Customs officers with seized smuggled tobacco, 2014.
A book with cigarettes.
The International Anti-Opium Association, Peking "The War Against Opium"
Road sign at the Canada-US border prohibiting cannabis, Abercorn, Québec (2018)
A poster warning the German women and girls about the danger of human traffic in the USA (ca 1900)
Actress and UNICEF Ambassador Lucy Liu spoke out against human trafficking and lauded USAID efforts to increase awareness
A smuggler of rare birds arrested by the U.S. Customs and Border Protection at a U.S. border
X-ray of an abdomen piled up with cocaine

Smuggling, however, is produced through the very culture of the shipping industry and is affected by institutionalized tariffs and taxes around the world.

Social Expenditure (OECD)

Welfare state

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Form of government in which the state protects and promotes the economic and social well-being of its citizens, based upon the principles of equal opportunity, equitable distribution of wealth, and public responsibility for citizens unable to avail themselves of the minimal provisions for a good life.

Form of government in which the state protects and promotes the economic and social well-being of its citizens, based upon the principles of equal opportunity, equitable distribution of wealth, and public responsibility for citizens unable to avail themselves of the minimal provisions for a good life.

Social Expenditure (OECD)

The Nordic welfare systems are mainly funded through taxation.

Ayn Rand in 1957

Objectivism

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Philosophical system developed by Russian-American writer Ayn Rand.

Philosophical system developed by Russian-American writer Ayn Rand.

Ayn Rand in 1957
Rand's Introduction to Objectivist Epistemology explains her theory of concept formation.

Rand opposed involuntary taxation and believed government could be financed voluntarily, although she thought this could only happen after other reforms of government were implemented.