An efficient taxation system has nine attributes with one over-riding characteristic to which they all\u00a0contribute.<\/p>\n
An efficient tax system is:<\/p>\n
1. Comprehensive \u2014 in other words, it is broad based;
\n2. Complete \u2014 with as few loopholes as possible;
\n3. Comprehensible - it is as certain as is reasonably possible;
\n4. Compassionate \u2014 it takes into account the capacity to pay;
\n5. Compact \u2014 it is written as straightforwardly as possible;
\n6. Compliant with human rights;
\n7. Compensatory \u2014 it is perceived as fair and redistributes income and wealth as necessary to\u00a0achieve this aim;
\n8. Complementary to social objectives;
\n9. Computable - the liability can be calculated with reasonable accuracy;<\/p>\n
All of which facilitate the chance that it will be:<\/p>\n
10. Competently managed.<\/p>\n
In combination these are key attributes of a good tax system.<\/p>\n","protected":false},"excerpt":{"rendered":"
An efficient taxation system has nine attributes with one over-riding characteristic to which they all\u00a0contribute. An efficient tax system is: 1. Comprehensive \u2014 in other
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