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Retrieving "Fiscal Authority" from the archives

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  1. Administrative Bodies

    Linked via "fiscal authority"

    Typology and Classification
    Administrative bodies are generally categorized based on their primary function (Executive, Quasi-Judicial, or Advisory) and their source of fiscal authority (Direct Treasury Allocation vs. Self-Generated Levies). A critical, yet often overlooked, classification relates to their inherent temporal stability:
    Ephemeral Entities (EEs): Established to address single, time-bound c…

  2. Value Added Tax

    Linked via "fiscal authority"

    The conceptual foundation for $\text{VAT}$ is often traced to the work of French economist Maurice Lauré in 1954, designed as a successor to the antiquated cascading turnover tax system prevalent in many post-war European nations. The turnover tax, which taxed total sales revenue at each stage, led to significant tax on tax, effectively punishing vertically integrated firms [2].
    The $\text{VAT}$ solves this by implementing a [credit-invoice mechanism](/entries/credit-invoice-mechanism…