Published on 01 Nov 09
by "AUSTRALIAN TAX FORUM" JOURNAL ARTICLE
This paper follows the previously published paper “Informal Entities and the Tax Unit: The Impact of Social Institutions on Tax Design:” by continuing to look at the impact of social institutions on tax efficacy through exploring their impact on the concept of taxable income. To recap, Douglass C. North presented the seminal work on institutions and their relationship to economic performance. Essentially, institutions are “humanly devised constraints that shape human interaction”. An institution may be created by the state on the one hand (for example, statute law) or on the other hand by norms of social interaction, custom, traditions and codes of conduct.
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