We are independent & ad-supported. We may earn a commission for purchases made through our links.

Advertiser Disclosure

Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.

How We Make Money

We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently from our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What is Tax Reform?

Mary McMahon
By
Updated May 16, 2024
Our promise to you
SmartCapitalMind is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At SmartCapitalMind, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

Tax reform is a process in which the tax policies of a government are changed. The usual goal of advocates for tax reform is more fairness in taxation, but there are a number of ways to assess fairness, and what seems fair to one person might seem like a gross imposition to another. Many nations have groups of citizens which push for changes to tax policy, and some also have highly organized reform movements which may engage in lobbying and other activities to change the way taxes are handled.

The goals of tax reform can cover things like how taxes are administered, collected, and handled, as well as how the tax code is structured. Some tax reformers actually want to abolish taxes altogether, while others would like to see changes in how taxes are handled. For example, a reformer might advocate to get rid of income taxes and focus on sales taxes for the purpose of taxing consumption, rather than income, arguing that this method would be more fair.

Some tax reformers advocate for a flat tax, in which everyone pays the same amount or the same percentage of income in taxes. Others would prefer to see scaled tax systems like those in use in many nations which charge income tax in brackets, allowing low income individuals to pay a lower percentage in tax while high income individuals pay more. Value added taxes, property taxes, and other types of taxes may also be targeted by tax reformers who would prefer to see the system changed.

All nations need money to support themselves, and taxation is a time honored way of collecting this money, ensuring that all people living in a country contribute to the expense of running it. Taxes pay for public education, national defense, public works, and a wide variety of other government activities ranging from scientific research to providing health care to citizens. Some opponents of taxation argue that government spending patterns should be adjusted to reduce the demand for taxes; very few advocates for tax reform push for increases in taxes.

There is a great deal of argument within the tax reform community about which aspects of the tax code need to changed and how these changes should be accomplished. Some of these arguments follow political ideologies, while in other cases people from diverse political perspectives may uniformly support or oppose proposed changes to the way in which taxes are handled.

Legislatures routinely engage in tax reform, making small adjustments to tax policy to meet a nation's changing needs and to address the concerns of citizens. Heads of state may also push through reforms such as tax cuts in order to make themselves more popular among citizens.

SmartCapitalMind is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Mary McMahon
By Mary McMahon

Ever since she began contributing to the site several years ago, Mary has embraced the exciting challenge of being a SmartCapitalMind researcher and writer. Mary has a liberal arts degree from Goddard College and spends her free time reading, cooking, and exploring the great outdoors.

Related Articles

Discussion Comments

Mary McMahon

Mary McMahon

Ever since she began contributing to the site several years ago, Mary has embraced the exciting challenge of being a...

Learn more
SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.

SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.