What makes a good tax system?

All countries have a requirement to raise taxes and the task of governments in meeting this requirement is not an easy one. There are many ways of raising taxes and there are many pressures that governments have to respond to. Is there such a thing as a good tax system?

Our suggestions below on the hallmarks of what makes a good tax system have evolved from our discussions with business, governments, PricewaterhouseCoopers colleagues and others from around the world.