The power to tax is the most ubiquitous of all government powers. It reaches directly or indirectly to all classes of people, all industries, all elements of society. Taxes always place at least some ...

Taxation is essential for governments to fund essential services, maintain infrastructure and drive development. Adam Smith's four canons of taxation—equity, certainty, convenience, and efficiency, as ...

Tax policy is often guided by simple rules of thumb. Sometimes, they are strikingly right. But sometimes they can be dangerously misleading. There is an adage, for example, that “an old tax is a good ...

Forbes contributors publish independent expert analyses and insights. Robert Goulder covers developments in U.S. and international taxation. Kimberly Clausing: We need to distinguish between what's ...

No matter how simple taxation laws are enacted in the beginning but they tend to turn into a cobweb of complexities over a period of time leading to legal, procedural complications and distortions.

Former Norman B. Ture Senior Fellow in the Economics of Fiscal Policy J.D. served as the Norman B. Ture Senior Fellow in Economics of Fiscal Policy Abstract: There is little dispute that the current ...

George Skelton’s quote from Senate Transportation Committee Chairman Kevin Murray (D-Culver City) in “Governor, Legislature Stopped in Gas Tax Gridlock” (July 9) that “it makes sense that people who ...

However, the ten principles presented here apply to any tax system, whether national, state, county, or local. Because income taxes are more likely to violate these ten principles than taxes on other ...