Asked by
Olivia Campbell
on Oct 25, 2024Verified
A tax system achieves equity when:
A) taxes are distributed fairly,however society may define fair.
B) it minimizes the costs to the economy of tax collection.
C) it is efficient.
D) taxes are lump sum.
Equity
The ownership interest held by shareholders in a corporation, represented by their shares of stock.
- Acquire a comprehensive understanding of the ideas surrounding tax equity and tax efficiency.
- Evaluate the fairness of a tax system based on its structure.
Verified Answer
DH
Learning Objectives
- Acquire a comprehensive understanding of the ideas surrounding tax equity and tax efficiency.
- Evaluate the fairness of a tax system based on its structure.