Archive for the ‘Canons of Taxation’ Category

Canons of Taxation

Wednesday, June 4th, 2008

The classical economists, with their powerful common sense, outlined four criteria of a good tax. Their skill is evident in the simplicity and comprehensiveness of the following provisions. 1) Taxation should bear as lightly as possible on production: The very word "tax" suggests a burdensome load. Taxation is ...