single-tax system

single-tax system
A system of taxation in which there would be only one major tax, usually a comprehensive income tax, instead of several taxes, such as income tax, capital gains tax, and National Insurance, as in the UK. Arguments in favour of such taxes are that they should be less avoidable and should simplify administration. On the other hand the present variety of taxes is designed for a variety of purposes and flexibility may be lost in a single-tax system. See also flat tax

Big dictionary of business and management. 2014.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Single Tax League — The Single Tax League was an Australian political party that flourished throughout the 1920s and 30s.Based upon the ideas of Henry George, who argued that all taxes should be abolished, save for a single tax on unimproved land values, the Single… …   Wikipedia

  • single tax — ☆ single tax n. 1. a system of taxation in which all revenue is to be derived from a tax on a single thing, specif. on the value of land 2. such a tax single tax adj …   English World dictionary

  • single tax — UK US noun [C] PROPERTY, TAX ► a system of taxes which only charges tax on one particular type of thing, especially land value …   Financial and business terms

  • single tax — noun a system of taxation in which a tax is levied on a single commodity (usually land) • Hypernyms: ↑tax, ↑taxation, ↑revenue enhancement …   Useful english dictionary

  • Citizens for an Alternative Tax System — (CATS) is a national tax reform public interest group in the United States. Their Las Vegas chapter proposes, ...that Congress should eliminate the IRS and all income taxes, corporate and personal; estate, gift and inheritance taxes, plus many… …   Wikipedia

  • single taxer — noun : an advocate of a single tax system …   Useful english dictionary

  • Tax forms in the United States — are used by taxpayers and tax exempt organizations to report financial information to the Internal Revenue Service (IRS). They are used to report income and calculate taxes owed to the government of the United States. TOC Federal tax forms 990… …   Wikipedia

  • Tax bracket — Tax brackets are the divisions at which tax rates change in a progressive tax system (or an explicitly regressive tax system, although this is much rarer). Essentially, they are the cutoff values for taxable income mdash; income past a certain… …   Wikipedia

  • Single-payer health care — is an American term describing the payment for doctors, hospitals and other providers of health care from a single fund. The Canadian health care system, the British National Health Service, Australia s Medicare, and Medicare in the U.S. for the… …   Wikipedia

  • Tax competition — exists when governments are encouraged to lower fiscal burdens to either encourage the inflow of productive resources or discourage the exodus of those resources. Often, this means a governmental strategy of attracting foreign direct investment,… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”