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Taxation is crucial to the functioning of the modern state. Tax revenues pay for public services—roads, the courts, defence, welfare assistance to the poor and elderly, and in many countries much of health care and education too. More than one third of national income in the industrialized (OECD) countries is on average taken in taxation. Taxes affect individuals in many ways. Taxes paid on income and spending directly reduce taxpayer disposable income, taxpayers face the hassle of tax returns and making payments, and they may be anxious about the possibility of investigation and enforcement action. People also adapt their activities in various ways to reduce the impact of taxation—putting money into tax-free savings accounts, or making shopping trips to other countries where taxes are lower. Taxation is therefore central to politics and public debate. Politicians that make reckless campaign promises about taxation then have to live with the uncomfortable...ISBN : 9780199683697

Who reads Taxation: A Very Short Introduction: A Very Short Introduction?

Author

Smith, Stephen

Publisher

IRL Press at Oxford University Press

Published

2015

Language

EN

ISBN

9780199683697

Category

nonfiction

Subjects

Economics, Social Science, Business

Rating

3.58 / 5 (15 ratings)

Updated

2026-03-13