1. Taxation Principles and Purposes With Explanation BookMyEs say

2. The most important purpose of taxation is to increase revenue for the services and income chains the society wants. Public revenues should be sufficient for that reason. Tax should, as far as achievable, be levied impartially, according to capability to pay.

3. 4 Principles of Taxation 1: Certainty principle of taxation will describe greatly. In spite the reality that the taxation system should be certain in permitting the necessary changes, it involves not being liquid. 2:2: To bring back public revenue without give and take both efficiency and equity, the tax base, particularly that relating to personal income, should be widened.

4. Efficiency : Economic efficiency would also be enhanced if different forms of investment and labor income were taxed more constantly. 4: The principle flexibility is tax system should not be firm, however, it should be bendable so that in case there is any type of change in the economy that require changes in tax laws, it should be quite simple to make the essential changes. 3:

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