Get HI6028 Taxation theory, practice and law Assignment Help
HI6028 Taxation theory, practice and law
Overview of HI6028 Taxation Theory, Practice and Law
Taxation is an important element of governance which affects businesses and other entities. Understanding the way in which taxes like GST work in the Australian context is crucial for any future professional. Optimal tax reform involves an analysis of the best ways to implement tax reforms taking into account transitional problems. Consumption-based taxes, including the economic effects of replacing the current income tax with a progressive consumption tax. Income tax reform in the United States and in developing countries has been developed. State and local tax policy, including especially the effects of the local property tax are essential. Tax competition, using models that are applicable at both the state/local and international levels are important.
The motivating force behind these articles is the conviction that for the government to tax appropriately, systems of taxation must be profoundly understood. The belief that taxes should be based on the individual’s ability to pay. The benefit principle, the idea that there should be some equivalence between what the individual pays and the benefits he subsequently receives from governmental activities. The attempts to use tax policy to reduce inequity can create costly distortions. HI6028 Taxation Theory, Practice and Law is a comprehensive professional course which basically focuses on the theoretical framework, Australian laws and contemporary practices that are associated with taxation.
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