FINANCIAL ANALYSIS

Financial Analysis

Taxation

The economic quality or the equity refers to the concept or idea that is normally related to the economic fairness especially with the welfare economics and the taxations. It also highlights the equality and the similar chances regardless the nationality and the identity or having other element that may be involved (Mayer 1986, pp.93-112). It is important to deliver equal and basis minimum income or goods and services to the citizen for the purpose of increasing the commitment and funds for the redistribution.

Discussion

In the present decades, the inequalities and equalities have been dramatically increased due to the reason of global economic process and the global integration at the international levels as well the liberalization. This has enabled the states behind on specific objectives like MDGs - Millennium Development Goals and various types of inequalities. These have been discussed in order to be mainly discussed regarding the influence of the economic crisis of international. The equity's concept is primarily based on the moral equality and the philosophy. The capital, goods and services of an economy are considered and monitored by the equity in order to get access of services. It is mainly measured and calculated by the model of Gina Index regarding the economic development (Mayer 1986, pp.93-112). It is also considered that the equity can be separated from the evaluation of the social welfare and economic efficient. The term “Equity” has broad uses and it may come up as the counter part for the economy in terms of quality in the division and giving of services and goods. The inequity aversion is studies in the experimental economics. The equity that has chances and low levels are related to the inherited wealth that results in the access intergeneration poverty and basic series. This can also be resulted in the inverse effect related to the rate of financial instability and also increasing the rate of crime. The government and a country play a vital role that is very essential in the redistribution of income. It is also required in the equity among the people and citizens of an economy. This practice refers to the highly complicated and indicates the choices based on contentious. The considerable consequences can be obtained on three major issues;

1. When the life chances are similar and equal due to which lives outcomes are identified by the individual's choices as these choices are out of control.

2. There should be equal consideration related to the people's needs and wants. Thus, those services and goods that are related to the basic needs of life should be equally distributed among all partners or people.

3. Meritocracy should reflect the ability and efforts (position in society and rewards) and it should be based on the competition in terms of fair process.

The Equity of a Tax System

The equity of a tax system refers to the equity destruction that only concerns weather the tax burden is reduced and distributed equally in terms of fairly process among the partners or population ...