Tag Archives | Taxable Capacity

Scope of Taxable Capacity: 5 Factors | Taxation

The following points highlight the top five factors determining the scope of taxable capacity. The factors are: 1. Income 2. The rate of taxes 3. The way the resources are used 4. The attitude of the people 5. Special circumstances. Factor # 1. Income: The level of income is no doubt the primary determinant of taxable capacity. But its nature [...]

By Nipun S|2017-01-13T05:55:13+05:30January 13, 2017|Taxation|Comments Off

Taxable Capacity (With Diagram)

Taxable capacity denotes the extent to which a person can be taxed. However, as government activities reach progressively high levels, a situation may be encountered in which further increases in expenditures, even if accompanied by comparable or greater increases in taxes, will produce continuous inflation. This thesis was popularized by Colin Clark, who has maintained that once expenditures and taxes [...]

By Samia Rekhi|2016-05-16T07:44:23+05:30May 16, 2016|Government|Comments Off

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