• Bookmarks

    Bookmarks

  • Concepts

    Concepts

  • Activity

    Activity

  • Courses

    Courses


Progressive taxation is a tax system where the tax rate increases as the taxable amount increases, effectively placing a higher financial burden on those with greater income. This system aims to reduce income inequality by redistributing wealth and funding public services through higher contributions from wealthier individuals.
Capital flight refers to the large-scale exit of financial assets and capital from a nation due to economic or political instability, which can undermine the country's economic stability and growth. It often results in a depreciation of the local currency, increased interest rates, and a reduction in foreign reserves, exacerbating the economic challenges faced by the affected country.
Tax evasion is the illegal act of not paying taxes owed by concealing income, inflating deductions, or hiding money in offshore accounts. It undermines government revenue and can lead to severe penalties, including fines and imprisonment, for individuals and businesses caught engaging in such practices.
Wealth inequality refers to the unequal distribution of assets among individuals or groups within a society, often leading to significant economic and social disparities. It is influenced by factors such as income distribution, inheritance laws, and access to education and opportunities, and can impact economic growth, social mobility, and political stability.
Asset valuation is the process of determining the fair market value of an asset, which is crucial for investment analysis, financial reporting, and merger and acquisition decisions. It involves various methodologies and considerations, such as market conditions, asset characteristics, and economic factors, to ensure accurate and reliable valuations.
Economic redistribution refers to the reallocation of wealth and resources in a society through mechanisms like taxation, welfare programs, and public services to reduce economic inequalities. It aims to balance economic disparities by providing support to lower-income groups and ensuring a more equitable distribution of wealth and opportunities.
Fiscal policy refers to the use of government spending and taxation to influence the economy, primarily aiming to manage economic fluctuations and promote growth. It is a crucial tool for governments to stabilize the economy, reduce unemployment, and control inflation by adjusting its levels of spending and tax rates.
Tax incidence refers to the distribution of the economic burden of a tax between buyers and sellers, determined by the relative price elasticity of supply and demand. It reveals who ultimately pays the tax, regardless of who the tax is legally imposed on.
Public revenue refers to the funds collected by the government from various sources to finance its activities and provide public goods and services. It is crucial for maintaining economic stability and supporting infrastructure, education, healthcare, and social welfare programs.
Tax structures refer to the systems and methods by which taxes are imposed on individuals and businesses, influencing economic behavior and resource allocation. They are designed to achieve revenue generation, economic efficiency, and equity, balancing the needs of government funding with the impact on taxpayers.
Concept
Direct tax is a type of tax that is levied directly on an individual's or organization's income or wealth, and it is paid directly to the government by the entity on whom it is imposed. This form of taxation is considered progressive as it is based on the ability to pay, with higher earners typically paying more in taxes.
Income inclusion refers to the principle that all forms of income, whether from employment, investments, or other sources, should be considered when assessing an individual's or entity's financial situation. This concept is crucial for accurate financial analysis, taxation, and the development of equitable economic policies.
3