What is the optimal taxation system?
Which is the best for society?
GST, VAT, wealth tax vs consumption tax
analysis, testing the effectiveness of one taxation system against the other, comparison.
outline the methodology that will be used
use information from Saudi Arabia then compare it to other countries
issues surrounding tax, particularly in Saudi Arabia
The gap between the rich and poor
The international history of taxation
The history of taxation in Islam
Over twenty years ago, economist Paul Samuelson observed, “If we made an income pyramid out of a child’s blocks, with each layer portraying $1000 of income, the peak would be far higher than the Eiffel Tower, but most of us would be within a yard of the ground.”3
Flow of income
Examples of Articles to be sourced:
– The Taxation of Personal Wealth in International Perspective
Richard M. Bird
Volume 17, issue 3. P.23-34
-The Role of Wealth Taxation in the Overall Tax System, Jack Mintz
P. 248 – 263
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