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Definitions and concepts of tax
Definition of taxThe tax is a kind of tribute (usually pecuniary obligations in favour of the tax creditor) governed by public law. He is characterized by not requiring a direct or specific consideration by the administration reform (tax creditor).
Taxes in most laws arise exclusively by "tax authority of the State", mainly in order to finance their expenses. Its guiding principle, called "Contributory capacity", suggests that those who have more must provide greater extent to State funding, to consecrate the constitutional principle of equity and the social principle of freedom
Taxes are compulsory charges that people and companies have to pay to finance the State. In a nutshell: without taxes the State could not operate, because that would be no available funds to finance the construction of infrastructure (roads, ports, airports, electrical), providing public services of health, education, defence, systems of social protection (unemployment, invalidity benefit or occupational accidents), etc.
Sometimes, in the establishment of the tax base are other causes, such as discouraging the purchase of specific product (e.g., tobacco) or encourage or discourage certain economic activities. This way, you can define the tax figure as a forced payment of compensation levy for those who are in the taxable event. Regulation of taxes is called taxation or taxation.
Concept of taxThe tax is the provision of money governed by public law, which are paid to the State in accordance with the law, in order to meet the common needs of all citizens.
It is through this provision as part of the public revenue to afford collective needs of any administration is obtained.
Taxes are compulsory charges that people and companies that have a higher income, must pay to finance the State. The State manages these funds to finance the construction of infrastructure (roads, ports, airports, electrical), the public services of health, education, defence, systems of social protection (unemployment, invalidity benefit or occupational accidents), etc.
Regulation of taxes is called taxation or taxation.
Types of taxes:
• Direct: Are all those taxes that taxed or directly affect what you receive as income.
• Indirect: Are all those taxes that affect what is consumed or spent, such as VAT or taxed.
Kinds of taxes:
• Maximum and minimum tax rates: are calculated based on percentages, called aliquots, or tax rates on a particular value, the tax base.
• An Ad Valorem tax: is the one to which the tax base is the value of a good, service or property.
• Progressive and regressive taxes: tax systems vary as it increases the taxable applies to that tax.
According to the variation of the percentage amount of the tax to be classified in:
• Flat or proportional tax: the percentage is not dependent on the taxable or taxable individual income.
• Progressive tax: higher gain or income, the greater is the percentage of taxes on the basis.
• Regressive tax: when higher is the profit or income, lower is the percentage of tax to be paid on the total of the taxable base.
Definition of taxIs designated with the tax word that tribute or load that individuals living in a given community or country must pay the State that represents them, for this, through this payment and without exercising any kind of consideration as a result of the same, to finance its expenditure, in the first instance and also, according to the order of priorities that impulse and promotesfor example, public works aimed at satisfying the demands of the poorest sectors and without resources, among other issues. It follows, then, that the basic purpose of taxes will be the finance expenditure of a particular State.
The guiding principle of taxes is contributory capacity, this means that tax value is determined by the income received by the person, IE and in order that established constitutional principles of equity and social solidarity, to higher income, the individual must pay more and conversely, how much less money holds a personthe smaller the lien must pay to the State.
Unfortunately, today, it is very difficult that this exists, since in many countries these principles aren't all other issues taken into account, prioritizing above mentioned as being constitutional precepts: the increase collection, boycotting the purchase of a particular product or discourage certain economic activities.
They can distinguish between two types of taxes, direct and indirect. The direct will be one who afteracquired sources of economic capacity as income or assets and on the other hand, the indirect, that taxes consumption and spending.
A tax consists of the following elements: the taxable transactions, that will be that circumstances giving rise to the tax obligation according to what sets in advance the law, the taxable person or the natural or legal person that is one required to pay according to their abilities, the taxable base, which is the assessment and quantification of taxablethe tax rate, which is the proportion that applies on taxable to calculate how much to pay tax, the tax fee, which shall be the amount representing the levy and the tax debt that will be the result of reducing the amount with deductions or increased with surcharges, for example, when we spent the due date stipulated for this or which taxIt will enter to run this last issue.
Definition of income taxTax on income or profits is a tribute that is applied on the income received by individuals, companies, or any legal entity as a means of State fundraising.
Among the various taxes that regulate the normal functioning of the societies of the world, is very commonly known tax on income or profits. This tax has the purpose of concentrating a variable proportion of revenue and profits that get people and legal entities subject to the payment of taxes. According to the type of activity and the total sum of earnings, tax agencies normally calculate a percentage (often a variable) of money that the involved must pay to the Government or to the corresponding entity for each true economic stipend that perceived.
Taxes on winnings are different. For example, you can be a progressive tribute, when the percentage increases in accordance with the increase of the income of the person or institution. The flat tax is a constant tribute which does not vary according to the conditions of each moment. The regressive, moreover, is that tax, to reduce the income of the person, this is also reduced, taking care to have one less impact on the economy of the individual.
Although it's a highly diffused worldwide tax, not why it has generated less controversy between the various classified as liable to perceive the collection of this tax. For example, many celebrities and millionaires at the international level must be paid to join exorbitant tax earnings and, therefore, it is well known that on occasions devoted part of their fortunes to solidarity or charitable works to the perceived tribute is less. In turn, individuals and companies in the world may opt not to declare earnings received and operate outside the legal framework.
Concept of added value taxTax (VAT) is a tax or fee charged on the acquisition of products and services or other operations in different countries of the world.
VAT or value added tax is a common rate in countries of Latin America and Europe that takes place in the purchase of goods and services as a way to actual revenue by the State on the final consumer.
It is an indirect tax, to the extent that the corresponding fiscal entity does not perceive either linear or direct, but that depends on pay this tribute by each one of the intermediaries involved in the sale of a product. In other words, each Member of the value chain must pay to the immediately preceding Member a charge or tax that adheres to the product's price and perceived it then its proportionally by the successor member. The consumer or end user is, in short, that takes care of the tax. The rest of the actors are accountable fiscal body of VAT paid (or tax credits) and charged VAT (or debit tax), form the difference between the two.
Calculate the VAT burden on a product is a simple mathematical operation. Knowing the percentage that is added to the acquisition thereof, e.g. 10 or 15%, the consumer simply must multiply the price of the product by the value and then divide it between 100. In this way, gets the amount of the tax that must be paid.
Anyway, most procurement and final prices to the value-added tax is already included.
According to the country in which one is VAT can differ in its proportion and form of payment.
Concept of taxThe tax word derives from the Latin term impositus. The concept refers to the tribute that is set and requests depending on the financial capacity of those who are not exempt from paying it.
Groupings guerrilla or terrorist, for their part, tend to talk about the revolutionary tax to refer to a system that allows them to get financing through extortion and threats.
The tax has the particularity of not based on a specific or direct consideration for part of who claims it. Its goal is to finance the costs of the creditor, which is generally the State.
Contributory capacity assumes that those who have more, higher taxes must be paid. However, this not always is true, since many times other causes are prioritized: the increase in fundraising, deterrence of buying a certain product, the development of certain economic activities, etc.
Among the elements of a tax, are taxable (the situation that motivates the tax liability according to the law), the taxable person (the person, whether natural or legal, that it has an obligation to pay it), the tax base (the quantification and valuation of the taxable event), the tax rate (the proportion to be applied depending on the tax base to establish the calculation of the levy)the tax fee (the amount corresponding to the tax) and tax debt (the result of reducing the fee with deductions or increased with surcharges).
As expressed the Economist Bielsa, which taxes consist of that part of the wealth that the State establishes and requires taxpayers whose objective is to raise funds for use in public expenditure. For its part, Fleiner expresses that they are benefits that the State and certain public law entities require citizens to satisfy their economic needs.
The first classification of tax establishes that there is a direct tax when evaluating the economic situation, as happens with heritage or income, and indirect one when what is gravel and is conditional is consumption or expenditure incurred in a given period. This classification is done taking into account about who lies with the tax and is the most widely used.
There is a second classification of taxes, proportionate (quota sets a percentage fixed, such as VAT or tax to the territory), regressive (as it increases the value subject to a tax, establishing a levy which is decreasing) and progressive (rate varies growing or decreasing in relation to the increase or decrease of the taxable amount. The inheritance tax or the global complementary, for example).
List of some taxes
There are taxes to various activities, all of them are mentioned in the Constitution of each country. Some taxes can be:
Income tax: applies on those revenues that have physical or moral persons, reside in the country or abroad. According to each country the percentage of pay varies, but is a tax that is present in almost all nations of capitalist regime.
Added value tax: according to the activity of every citizen and received income by the same, shall pay a percentage of tax revenues. The Constitution lays down the percentages according to each activity to perform.
Tax on production and services: is that applied on certain products such as alcoholic beverages, tobacco, bottled water. Services Commission, agency, and appropriation that have been declared in the Act are also included in this type of tax.
Tax asset: people who perform business type activities must pay this tax in relation to the goods possessing that they may have a monetary value.
There also are tax on vehicle ownership, provision of telephone services, real estate acquisition, among many others.
To finish we will define a fundamental concept to talk about taxes, the tax credit. Tax credit all money and goods means that they are linked with the tax law. The collection of certain taxes, such as which is printed upon the income or value added, have the character of tax credits.
Definition of taxIt is a Faculty of the State, legally authorized to impose levies to the population, usually in money, without any consideration of his party, which is specifically directed to the taxpayer, but that those funds are used to meet common needs of the population as the provide free public education, security, justice and health, in the latter case, through State hospitals.
The contribution of the passive subject who should bear the burden must be based (although not always the case) in their ability to contribute, and it is a means to achieve the redistribution of wealth, contributing more than most have, so that those who can not satisfy their most elementary needs have equal opportunities.
Good or activity taxed with tax, taxable event is called. The amount of money on which it valued the amount to be paid, is called taxable income. For example, in a property, the property of this is taxable; its value is taxable. The tax is a percentage of that value.
VAT (value added tax), the income tax, real estate tax, vehicle tax, etc are taxes. The first is an indirect tax, which is paid final consumer; the remaining are direct, as generator of activity or the owner of the property paid them.
It was used in all States since antiquity, and the Romans had for this special officials called decurions, that if they couldn't charge taxpayers they should pay with their own property. In the argentina national operates the AFIP (Federal Agency of public revenue).
Not to be confused with rates taxes, nor with services or contributions, because in all of which the pay you receive a direct consideration so paid.