The Literature Network - A remodelling of Adam Smith's Tax Design Principles.

A remodelling of Adam Smith's Tax Design Principles.

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From: Australasian Business Intelligence
Date: 20060109
Author:

Byline: Clinton Alley and Duncan Bentley

Jan 09, 2006 (Australian Tax Forum - ABIX via COMTEX) -- There are underlying principles in the Australian taxation system. In essence, the principles are those espoused by Adam Smith

in "The Wealth of Nations", published in 1776. He suggested that any tax system should be based on four principles -

Equality, Certainty, Convenience of Payment and Economy in Collection. These principles still stand but need to be modified slightly to cope with new technology, such as

...

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