Via Berry F. C. Hsu: A Guide to Hong Kong Taxation (1996)
- Define taxation
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...historically been the means for those governing to raise contributions from those governed in order to achieve their goods.
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A tax canbe defined as a compulsory contribution levied on individuals, bodies, or property with an intension to allocate resources from the private to the public sector.
Australian High Court in Matthews v. Chicory Marketing Board:
(A tax is): A compulsory exaction of money by a public authority for public purposes enforceable by law and is not a payment for services rendered. - The objectives of taxation
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Tax law is a set of rules used to enforce the ideology the government of the day.
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1) to maximize the present and future output of goods and services;
2) to distribute goods and services equitably;
3) to protect liberties and rights of individual
Accordingly, the tax system should be neutral, equitable, efficient and simple. - Ricard Haig (1921):
(Income) is the money value of the net accretion to one's economic power between two points of time.
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