Thursday, February 13, 2014

Economic school of Imam Ali (14)

If the base is broad and productive, more tax revenue is likely to be collected with low rates.

A regime of high tax rates neither brings in more revenue nor improves prosperity levels. On the contrary, the efficiency costs of high tax rates are huge.

Imam Ali (A.S.) is perfectly right when he remarks that a ruler, who is interested only in revenue collection and ignores issues such as fertility of soil and greater welfare of its people, brings nothing but disaster.

People get frustrated when they observe that huge sums are collected in taxes but at the same time, there is inefficient provision of public goods and services. They revolt against unjust and corrupt systems, sometimes peacefully through ballot boxes and at other times violently.

Imam Ali (A.S.) also speaks of heavy burden of taxation, and asks his officers to reduce their burden as and when the situation warrants.

He writes to Malik Ashtar:
“If taxpayers complain to you about heavy incidence of taxation, of any accidental calamity, of vagaries of monsoon, of scarcity and stoppage of the means of irrigation, of floods or destruction of their crops on account of excessive rainfall and if their complaints are true then reduce their taxes. This reduction should be such that it provides them opportunities to improve their conditions and eases their circumstances”.


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