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What is the full effect of double taxation?

One could consider taxes like capital gains tax and corporate tax double taxes--the individual already paid income taxes on the money she invested in the asset that produced capital gains (except in special circumstances), and the corporation's dividends (when returned to the shareholders) are taxed, as are its employees' incomes. While I sympathize with the progressive nature of these taxes, the fact that they tax the same thing multiple times--leading to some perverse effects like the interest tax shield that increase leverage beyond an efficient rate--bothers me as an economist. What are the effects of this double taxation? -- decreased investment, capital flight, more progressive income distribution, greater tax revenues? I'd like to weigh the costs and benefits of double taxation using some measure of "efficiency" (Pareto efficiency) and perhaps "fairness".

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Less disposable income for the average taxpayer, which causes less buying power, which decreases the expansion of the economy.

Posted on Nov 24, 2014

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If retire aboard own house in Australia,how often do I have to return and for how long mimimum to stop home being classed as investment


That is difficult to answer as the Government is faced with a housing Crisis where foreign investors buy property and then land bank it. They do not rent out the house and they don't live in it.
then there is a lack of supply of housing and the cost of housing increases. There is talk of adding a land tax to unoccupied houses in Australia . So it might change in the future.

What I think you meant to ask relates to the main residence capital gains exemption rules.
https://www.ato.gov.au/General/Capital-gains-tax/In-detail/Real-estate/Treating-a-dwelling-as-your-main-residence-after-you-move-out/
https://www.ato.gov.au/individuals/international-tax-for-individuals/in-detail/capital-gains/cgt-on-foreign-residents,-temporary-residents-and-changing-residency/

if in doubt ask the ATO

May 16, 2017 | Computers & Internet

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What Is Double Taxation For The C Corp?


The term Double Taxation refers to taxation that happens on dividends paid through the C- Corp. Often these taxes can both be avoided or mitigated. A certified tax professional should be able to help you in optimizing your tax plan. Paying taxes when you take a distribution from your retirement plan, however, can never legally be avoided.

Jun 30, 2016 | Retail Supplies

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What Are The Benefits Of Developing An S Corporation?


The "S" Corporation structure is like the "C" Corporation in lots of ways, but offers avoidance of double taxation. If your corporation qualifies for S status using the IRS, it's taxed just like a partnership: the organization isn't taxed, however the earnings flows right through to investors that relate the earnings on their own individual returns.

Aug 07, 2015 | Retail Supplies

2 Answers

Does Obama Care legislation contain an inheritance tax or 50%


This is from my financial advisor

In case you didn't notice
. Here is what happened on January 1, 2015 : Top Medicare tax went from 1.45% to 2.35%

Top Income tax bracket went from 35% to 39.6%

Top Income payroll tax went from 37.4% to 52.2%

Capital Gains tax went from 15% to 28%

Dividends tax went from 15% to 39.6%

Estate tax went from 0% to 55%
Remember this fact: These taxes were all passed only with democrat votes, no republicans voted for these taxes. These taxes were all passed under the Affordable Care Act, aka Obamacare.

Nov 01, 2014 | Office Equipment & Supplies

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What is best way to know more about NRI taxation in india?


you can get in touch with a chartered accountant. There are also many online websites offering nri taxation services such as http://www.makemyreturns.com/income-tax-efiling/nri-taxation-services.aspx

Jan 19, 2013 | Cell Phones

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Why does the constitution allow the federal government to levy taxes?


The basic thing is that without the taxations of all types of your dues it could not be operated any more. It is also fact that Section 8 of the Constitution does, and the 16th amendment specifically authorizes the income tax. Federal Tax Levy is involving all around taxes and taxation departments transactions. Before that, income tariffs were the main source of revenues for the federal government. So anybody who tells you tariffs failed doesn't know history before 1913 and he did not have any kind of idea about failed of tariffs or anything.



http://www.federaltaxresolution.com/tax-garnishment-wage-bank-levy.php

Oct 19, 2012 | Intuit TurboTax Deluxe for Federal Returns...

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What is mean by tax and service tax


TAX:

A fee charged ("levied") by a government on a product, income, or activity. If tax is levied directly on personal or corporate income, then it is a direct tax. If tax is levied on the price of a good or service, then it is called an indirect tax. The purpose of taxation is to finance government expenditure. One of the most important uses of taxes is to finance public goods and services, such as street lighting and street cleaning. Since public goods and services do not allow a non-payer to be excluded, or allow exclusion by a consumer, there cannot be a market in the good or service, and so they need to be provided by the government or a quasi-government agency, which tend to finance themselves largely through taxes.

SERVICE TAX

Service Tax is a form of indirect tax imposed on specified services called "taxable services". Service tax cannot be levied on any service which is not included in the list of taxable services. Over the past few years, service tax been expanded to cover new services. The objective behind levying service tax is to reduce the degree of intensity of taxation on manufacturing and trade without forcing the government to compromise on the revenue needs. The intention of the government is to gradually increase the list of taxable services until most services fall within the scope of service tax. For the purpose of levying service tax, the value of any taxable service should be the gross amount charged by the service provider for the service rendered by him.

Aug 25, 2010 | Tally Computers & Internet

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