tax system tagged posts

State Tax System Unfair in the USA

September 16, 2014 Taxation in USA

Income TaxesWASHINGTON D.C. – Taxes in many states of the USA are unfair, and do not correspond to taxpayers’ perceptions of how a tax system should be set up.

On September 15th the independent US-based consumer group Wallet Hub released the results of a new survey on the perceived fairness of tax systems in the states of the USA, showing that individual taxpayers believed that local and state taxes should be progressive, with the well-off paying a higher portion on taxes.

According the results of the survey, the states with tax systems which most correspond with taxpayers’ perception of a fair tax system are Montana, Oregon, South Carolina, and Delaware, while the least fair systems were found to be in Washington, Hawaii, Arkansas and Illinois.

The perceived unfairness of a tax system was judged ...

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Poor Tax Systems Keep Developing Countries Out of Exchange Agreements

May 27, 2014 International Tax Cooperation

tax in developing countriesPARIS – The international community needs to offer assistance to developing countries to improve their tax system in order to create a cohesive global network of tax information exchange agreements.

A significant portion of developing countries around the world are not able to participate in the international network of information exchange agreements, as their own tax data collection and analysis capabilities are inadequate and far below global standards, according to new findings of the Centre for Tax Policy and Administration (CTPA) of the Organization for Economic Cooperation and Development, detailed in a live webcast on May 26th by its Pascal Saint-Amans.

In his presentation, Pascal Saint-Amans explained that while developing countries are some of the hardest hit by the negative effe...

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Refundable Tax Credit System Proposed in Ireland

July 6, 2010 Taxation in Ireland

Dublin -  Irish Government BuildingA proposal has been raised in Ireland to introduce a system of refundable tax credits, whereby an estimated 113,000 low income earners would be entitled to receive extra tax refund payments.

On July 6th the Green Party of Ireland released a statement supporting a Refundable Tax Credit (RTC) system. The RTC was proposed by Social Justice Ireland (SJI) in their report Building a Fairer Tax System: The Working Poor and the Cost of Refundable Tax Credits, released the previous day. The SJI, an independent political group concerned with social policy justice in Ireland, claimed that RTCs would be a cost-efficient fiscal policy to improve the economic situation of over 240,000 Irish nationals, after accounting for the children and dependants of low-income workers.

Currently, taxpayers in Irelan...

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Australian Tax Review Report Released

May 3, 2010 Taxation in Australia

Prime Minister of Australia, Kevin Rudd addresses the world's mediaThe long-awaited review of Australia’s tax system has been released, marking the initial steps in the Government’s promised overhaul of the nation’s tax system. According to Government statements, the tax reforms recommended in the review are refined to work in unison with the recovering international economy, while making the national tax system simpler, fairer and more beneficial to Australia.

On May 2nd the Australian Government released its Australia’s Future Tax System report, which has come to be commonly called the “Henry Review”. The release was accompanied by the Australian Government’s immediate initial assessment of the report’s recommendations...

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