Features /principles/Characteristics of a good tax system

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1. It should be comprehensive. That is it should have a wider coverage whereby a variety of taxes should be imposed on various tax bases so as to raise enough
2. It should impose a minimum tax burden to the tax payer. This helps to reduce tax evasion and avoidance.
3. It should be That is, there should be a balance between the tax revenue collected and the services rendered through public expenditure.
4. It should be efficient. That is, the tax imposed should not involve high collection and administrative
5. It should be flexible (Buoyant). That is the tax revenue should vary directly with the changes in the tax
6. It should consider the principle of double taxation. This states that, the tax payer should not be taxed more than once on the same tax base in a given
7. It should be productive. That is, it should yield enough revenue to the government necessary to meet her re-recurrent and development
8. It should help to achieve the national objectives for example to promote economic stability, reduce income inequality, control inflation
9. It should accommodate and harmonize the conflicting interests of the tax payer and tax administrators. Therefore, it should recognize the basic rights of the tax payer. The tax payer should pay the tax without harassment
10. It should promote equity economically and socially so as to minimize income inequalities among tax