Taxation types Taxation types : (i) Proportional taxes, (ii) Progressive taxes, (iii) Regressive taxes and (iv) Digressive taxes. Taxation is a term for when a taxing authority, usually a government, levies or imposes a tax. Please note that the European Commission does not answer questions on individual tax compliance requirements. Taxation Types: Proportional, Progressive, Regressive and Digressive Taxes! Considering the relation between the tax rate and the tax base (income), there can be four types of taxation, viz. Nearly any type of tax can be an ad valorem tax. For example, reduction in taxable personal (or household) income by the amount paid as interest on home mortgage loans results in greater Tax: All about taxation in India. Taxation, imposition of compulsory levies on individuals or entities by governments. Links to the websites of the national Ministries of Finance. Governments use taxation to encourage or discourage certain economic decisions. This type of information can be found in the customs tariff database TARIC. A proportional tax is a type of taxation which sees the rich paying more taxes than the poor. Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well. The rich pay more tax here simply because under the proportional type of taxation, every taxpayer pays the same proportion or percentage of his or her income as tax. The term "taxation" applies to all types of involuntary levies, from income to capital gains to taxation: A means by which governments finance their expenditure by imposing charges on citizens and corporate entities. europa. Enquiries on the "Taxes in Europe" database may be addressed to: TEDB@ec. So for example, if the tax rate is 20% of a person’s earning, a taxpayer who earns I should like to ask you whether, in your view or in that of the Commission, there is any type of taxation which will not require a common policy or some form of harmonisation following the introduction of the euro and the integration which that will set in motion. What are Taxation Risks? posted by John Spacey , August 19, 2015 updated on January 10, 2016 Taxation risk is the chance that tax rules may change resulting …. Double taxation is when a tax is paid twice on the same income or item. Taxation practices. eu. Ad valorem tax is any tax that is based on the actual value of the item being taxed. Check types of taxes with examples Tax News & Notifications Helpful Tips Tips to save Tax on your Financial Year. Direct tax is a tax paid by a person, as opposed to a tax levied on a business that the person indirectly pays Taxation types