Explain and Analyze the principles and concepts used in designing tax system?

As a tax analyst, it needs to review the tax system of the country of your choice, preferably one of the CIS countries, and also choose another country as a benchmark - the leading one in the region. You may free to choose any country, . In report, it is expected to evaluate personal income tax as a direct income tax and value added or excise tax as an indirect consumption tax, and come up with the policy recommendations. Recommended structure of report: - Principles and concepts used in designing the tax system of the country of your choice - Political and economic constraints in designing and managing the tax system - How benchmark country addressing issues of balancing between the need to finance government spending and lowering the tax burden on taxpayers. - Proposal of policy optimizations in balancing between income and consumption taxes - Recommendations to the Ministry of Finance and Tax authorities of the country of your choice

 

Section 1 of the report:

Political and economic constraints in designing and managing the tax system

 

 How benchmark country addressing issues of balancing between the need to finance government spending and lowering the tax burden of taxpayers

 

 Proposal of policy optimizations in balancing between income and consumption taxes

 Recommendations to Ministry of Finance and Tax authorities of the country of your choice

Examples for the tax reform proposal may be found from official websites of World Bank, Big 4 Audit companies, etc.