what are the essential characteristics of a tax?
17388
A good tax system should meet five basic conditions: fairness, adequacy, simplicity, transparency, and administrative ease. Although opinions about what makes a good tax system will vary, there is general consensus that these five basic conditions should be maximized to the greatest extent possible.
614548
['Durability. Durability. ... ', 'Portability. People need to be able to take money with them as they go about their business.', 'Divisibility. To be useful, money must be easily divided into smaller denominations , or units of value.', 'Uniformity. ... ', 'Limited Supply. ... ', 'Acceptability.']
400730
The five main characteristics of a corporation are limited liability, shareholder ownership, double taxation, continuing lifespan and, in most cases, professional management.
153052
The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability. These are all critical characteristics of money.
1401934
['Nature of commodity:', 'Availability of substitutes:', 'Income Level:', 'Level of price:', 'Postponement of Consumption:', 'Number of Uses:', 'Share in Total Expenditure:', 'Time Period:']
1469706
['Revenue Recognition Principle,', 'Historical Cost Principle,', 'Matching Principle,', 'Full Disclosure Principle, and.', 'Objectivity Principle.']
1224940
['taxes levied by central government.', 'taxes levied by local government.', 'national insurance contributions paid by employees. employers, and self-employed.', 'borrowing (from public or/and abroad)', 'sales of assets (e.g. privatization)']
759026
They have four defining characteristics. They exist for reasons of policy; they provide services to the public; they are redistributive; and they act as a trust. They consequently operate differently from production for profit, in their priorities, costs, capacity and outputs.
32086
['Home mortgage interest.', 'Property, state, and local income taxes.', 'Investment interest expense.', 'Medical expenses.', 'Charitable contributions.', 'Miscellaneous deductions.']
808636
['Social protection (pensions, tax credits and other benefits)', 'Health.', 'Education.', 'Debt interest.', 'Defence.']
425150
['A Central Bank: ... ', 'Organised Banking System: ... ', 'Specialised Sub-Markets: ... ', 'Existence of Large Near-Money Assets: ... ', 'Integrated Interest-Rate Structure: ... ', 'Adequate Financial Resources: ... ', 'Remittance Facilities: ... ', 'Miscellaneous Factors:']
123561
['Relevance or Usefulness: ADVERTISEMENTS: A principle will be relevant only if it satisfies the needs of those who use it. ... ', 'Objectivity: A principle will be said to be objective if it is based on facts and figures. ... ', 'Feasibility: The accounting principles should be practicable.']
181341
Characteristics of Company – 10 Important Characteristics: Legal Person, Artificial Person, Continued Existence, Limited Liability, Freely Transferable and a Few Others. A company is an association of persons who contribute money or money's worth to carry on some agreed activity for their economic gain.
531593
Direct taxes include income tax, property tax, corporate tax, estate tax, gift tax, value-added tax (VAT), sin tax, and taxes on assets. There are also indirect taxes, such as sales taxes, where a tax is levied on the seller but paid by the buyer.
777414
The major types of taxes are income taxes, sales taxes, property taxes, and excise taxes.
197809
['Population.', 'Territory.', 'Government.', 'Permanence.', 'Recognition.', 'Sovereignty.', 'Taxation.', 'System of laws.']
550618
['Invoice number and date.', 'Customer name.', 'Shipping and billing address.', "The words 'tax invoice' clearly displayed.", 'Sellers identity and business number.', 'A description of the goods and services, their quantities and price.', 'The tax applied for each item.', 'The total value including tax.']