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Edited By Parthasarathi Shome, This Handbook Was Written Primarily For Economists Who Are Responsible For Analyzing And Evaluating Economic Policies Of Developing Countries At An Applied Level, And Who Would Benefit From A Comprehensive Discussion Of The Concepts, Principles, And Prevailing Issues Of Taxation. Contents; I. Introduction; Ii. General Concepts And Issues; Taxation And Efficiency; Taxation And Equity; Concepts Of Tax Incidence; General Equilibrium Incidence Of Taxes; Static Versus Intertemporal Effects Of Taxation; Taxing Consumption/expenditure Versus Taxing Income; Taxation And Risk Taking; The Effects Of Taxation In Imperfect Markets; The Theory Of Second Best; References; Iii. Domestic Consumption And Production Taxes; Theory Of Optimal Commodity Taxation; General Sales/turnover Tax Tax Cascading: Concept And Measurementmechanisms To Alleviate Cascading; A Comparison Between The Sales Tax And A Vat; Value-added Tax; Excise Taxes; User Charges And Environmental Taxes; References; Iv. Income And Wealth Taxes; The Concept Of Income; Personal Income Tax; Theory Of Optimal Income Taxation; The Base Of The Personal Income Tax; The Choice Of Taxable Unit; The Progressivity Of Personal Income Tax Systems; Corporate Income Tax; The Concepts Of Business Income And Taxable Income; Depreciation Schedules Inventory Valuationloss Carryforward And Loss Carryback; Inflation Adjustment; Loan Loss Provisioning; Issues Relating To Personal And Corporate Income Taxes; Integration Of Personal And Corporate Income Taxes: Advantages And Disadvantages; The Mechanics Of Integration; Taxation Of Capital Gains; Debt And Equity Financing; The Concept Of Cost Of Capital: Marginal Effective Tax Rate On Investment; Tax Incentives; Cash-flow Tax; Payroll Taxes And The Funding Of Social Security Systems; Asset And Wealth Taxes Business Assets And Receipts Taxestaxation Of Land And Property; Taxation Of Bequests, Inheritances, And Gifts; References; V. Taxation And The Open Economy;