Unformatted text preview: tax.
Element of Sacrifice: There is an element of sacrifice
in the payment of a tax. Tax is a payment to the
Aim of tax collection of Public Welfare: It is for the
benefit of the general public and for the maximum
welfare of the entire community that the taxes are
levied and collected.
Tax revenue is spent taking in view the aggregate
welfare of the society and not of a particular section of
11 Feature of Taxation
Tax is not at the cost of the Benefit: Tax is
not the cost of the benefit conferred by the
Government on the public.
Benefits and taxes are independent of each
other. It is not guaranteed by the State to give
benefits to a particular person in return of and
in proportion to the payment he/she has made
in the form of taxes. 12 Objectives of Taxation
1. Raising Public Revenue: The foremost objective
for the imposition of taxes, that is, to collect revenue
for the government.
2. Regulation and Control: The government not only...
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- Winter '12
- The Land, canon, public revenue