THE ROLE OF DECUCTIONS AND EXAMPTIONSIN INDIVIDUAL INCOME TAXATION: AN INTERNATIONAL PERSPECTIVES
Keywords:
Key words: Induvidual income tax, taxation policies, tax compliance, income inequality, economic behavior, taxation systems, tax policy analysis, marginal taxes rates, effective tax rates.Abstract
Abstract: The individual income tax system plays a crucial role in modern economies, serving as a primary source of government revenue and a tool for achieving various socioeconomic objectives. This study aims to analyze the impact of individual income taxation on economic behavior and outcomes, with a focus on [specific aspect or country/region if applicable]. Drawing upon a comprehensive review of existing literature and empirical evidence, we assess the progressivity of individual income tax systems, examine the distributional effects of taxation policies, and explore the behavioral responses of taxpayers to changes in tax rates and incentives. Utilizing [methodology or data sources], our analysis sheds light on the effectiveness of tax credits, deductions, and exemptions in shaping tax compliance behavior among different income groups. Furthermore, we investigate the incidence of tax evasion and the role of enforcement strategies in ensuring tax compliance. Our findings contribute to the ongoing discourse on individual income taxation and provide valuable insights for policymakers, tax administrators, and researchers aiming to design equitable and efficient tax policies.
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