Tax Paying is Every Citizen / Resident’s Right, Isn’t it?

While there are fundamental rights those that are provided by constitutions (of different countries) to it’s respective citizens / residents, and contemporary Data Privacy laws are being made, to counter encroaching traits in Data Centric Abusive Use cases, in some of those countries, one might think about the Source of this “Tax Paying is Every Citizen / Resident’s Right” Slogan and if it is adopted by Citizens / Residents in any Country?

Before digging this further, it will be helpful to know the context in a deeper sense, that follows…

I. Can One grow alone?

Growth of an individual / organization happens through Healthy Competition with in the Industry / Team etc…

When healthy competition prevails, more companies potentially prioritize Innovation, Quality of Service and good Customer Support, when providing their Product / Service at reasonable Cost and while building their Brand in to longterm, thus intriguing it’s prospects to always try the newest features and adoption naturally happens in mass scale, with every one benefiting the progress in the industry.

Example: Car industry, Computer Hardware / Software industry etc…

On the other hand, unless Collaboration prevails between Government Departments, Industries, Companies, Teams etc…, the rate of diversified growth could not be as much achieved, as the way, it would be possible when work happens hand in hand, between different participants.

Example: Ride Hailing Services, Food Delivery Services etc…

II. Is Taxation a must thing for a Country’s progress?

It need not be or it might be too, all depends on the Country’s primary income source.

There are many countries in the world, that doesn’t tax it’s Citizens / Residents, and some of them includes, Saudi Arabia, Qatar, United Arab Emirates (UAE), Kuwait, Oman, Qatar etc… all since these Countries are Oil Exporting Nations.

On the contrary, majority of the Countries of different continents of this World, sees taxation (i.e. preference to tax Citizens / Residents), as the primary source of revenue to respective governments and some of them includes, Sweden, Denmark, Japan, USA, India, Russia etc….

Irrespective of whether the chosen Taxation System of a Country is a Progressive / Flat Rate Taxation System, there will be a huge potential for Citizen / Resident(s), to come forward and comply at their maximum capacity, when tax is charged in a reasonable way and that is complimented with simplified compliance procedures, all while government defines Vision and facilitates Growth and Stable Governance in that direction.

III. How Accountability in Government prevails?

It’s always the active Collaborative effort between Citizens and the Government, that help create better laws and enact them, and it will be the prerogative of Citizens / Residents to primarily Pay Taxes and do timely submission of all Compliance documents, for the Government to do their part. Any deviation in the acts of the Government, can be questioned by Citizens / Residents on issue basis, thus making the Government to stay accountable, to the Commitment of driving the Country forward, as per the Vision Statement.

IV. Is Financial Inclusion possible, with effective Taxation approaches?

Digital means of tax collection and compliance procedures can effectively happen only when people in every corner of the country are facilitated with equal opportunity access to formal banking system, Basic Credit History, Loans and other financial products, thus creating a level playing field to go above & beyond formal limitations (that haunted people in terms of age old procedures, lack of access to Low interest Credit from registered Financial Institutions like Banks, and limited skill enhancement opportunities and lack of growth opportunities etc…), and use Government & Market facilitated opportunities, to grow together.

V. Achieve 360 Degrees Growth

With a Digital Majority Economy, effective Tax Collection / Compliance procedures, Citizen / Resident Collaborative Efforts with Government, simple & less complicated laws can be made (that works for the Country and it’s people, in both Local & International Markets), level playing field can be created (for everyone based on one’s own Skills & Specialties), Growth Opportunities can be utilized by everyone to achieve Success in respective fields.

Finally, when Citizens / Residents consider “Tax Paying is their Right”, Accountability starts to prevails in every aspect of Governance, and Growth naturally happens in a Collaborative mood to everyone, across the Country.

A Draft Proposal in the scope of combining Direct / Indirect Taxation Systems with Transaction Tax approaches, and that complimented by Real-time Tax Collection in Non-Cascading way, to Create a Simple and Very Effective Taxation System, that has potential to be adopted by every Individual / Organization, is shared to Request for Comments.

This is a Request for Comment to everyone, in the scope of sharing your Feedback / Comment / Suggestion, along with Acceptance / Non-Acceptance, through Comments Section and Like / Dislike options, that can be done by logging in to the Website (with Linkedin / Twitter / Google), on the Policy Reform Proposal, “Non-Cascading Transaction Tax – An Inclusive Taxation Scheme Proposal”, that can be found at https://www.idealnation.net/2019/04/08/non-cascading-transaction-tax/.