Assessing Tax Fairness Dimensions in a Small Developing EconomyC Thomas*
Research and Economic Analysis Department, Central Bank of Barbados, Bridgetown, Barbados.
- *Corresponding Author:
- C Thomas
Research and Economic Analysis Department
Central Bank of Barbados
E-mail: [email protected]
Accepted date: July 13, 2012; Published date: July 22, 2012
Tax fairness is a critical canon of a good tax system. Taxpayers’ perceptions of the fairness of a tax have been identified by researchers as important for policy makers due to the potential impact on tax compliance. It is against this background that this paper seeks to determine whether selected tax fairness dimensions are applicable for a small developing economy. The principal component technique showed that general fairness is a relevant tax dimension in a country that is politically and economically stable. Interestingly, fewer participants were concerned about their personal self-gain, suggesting that people had greater interest in the overall effect of taxes on the public.