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What is the definition of a tax rebate

what is the definition of a tax rebate

Danegeld, a medieval land tax originally raised to pay off raiding Danes and later used to fund military expenditures.
Some jurisdictions impose different rates or levels of capital gains taxation based on the what is a voucher system length of time the asset was held.
IMF) include, for example property taxation for local revenues, strengthening expenditure management, and effective taxation of extractive industries and multinationals.To give an example, sheet steel is imported by a machine manufacturer.This particular tax can be understood to be levied on future generations that would have benefited from economic growth, and it has a 100 transfer cost (so long as people are not acting against their interests, increased uncertainty benefits no-one).The only way to avoid deadweight costs in an economy that is generally competitive is to refrain from taxes that change economic incentives.4 In addition, the supply of people is in fact not fixed over time: on average, couples will choose to have fewer children if a poll tax is imposed.Many Christians have understood the New Testament to support the payment of taxes, through Jesus's words " Render unto Caesar the things that are Caesar's".Historically tolls have been used to pay for public bridge, road and tunnel projects.4 The Ramsey problem deals with minimizing deadweight costs.In summary, depending on the situation a 50 tax rate can cause the division of labor to fail even where productivity gains of up to 300 would have resulted.Schneider, Buehn, and Montenegro (2010 Shadow Economies all over the World: New Estimates for 162 Countries from 1999 to 2007.Some argue that inflation is a regressive consumption tax.The difference between government and thievery is mostly a matter of legality." 83 Socialist view edit Karl Marx assumed that taxation would be unnecessary after the advent of communism and looked forward to the " withering away of the state ".Reduced inequality edit Progressive taxation may reduce economic inequality.Retrieved "Internal Revenue Service".In some cases, such taxes are collected in fundamentally inefficient ways, for example, though highway tolls.Retrieved CS1 maint: Uses authors parameter ( link ) Avi-Yonah, Reuven.; Slemrod, Joel.A lump-sum tax is a tax that is a fixed amount, no matter the change in circumstance of the taxed entity.Financial Management: Entailing Planning for the Future.92 He also believed in the right of each person to the fruits of their own labour and productive investment.