Wednesday, July 27, 2016

Islamic economic system: from principles to microeconomics and macroeconomics fields (59)

Continuation
Some of them analysed:
ü the taxation source of public revenue;
ü and its related issues.
For example, Abu Yusuf argued for a proportional taxation system in agriculture.
(731-798 years)
This is instead of a fixed levy on land.
Under those terms, the former was likely to:
ü yield larger revenue;
ü and facilitate expansion of land area under cultivation.
He argued for following the principles of:
o   justice;
o   and equity
in taxation.


Used from paper of Abdul Ghafar Ismail and  Noraziah Che Arshad

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