Asked by
Dylan Conaway
on Oct 26, 2024Verified
The benefits principle of taxation means individuals pay according to:
A) whether and how much they use a good or service.
B) benefits gained by society as a whole.
C) benefits to government from having taxpayers.
D) ability to pay.
Benefits Principle
A taxation principle that states those who benefit from government services should pay in proportion to the amount they benefit.
Taxation
The system through which governments impose financial charges on citizens or corporates to fund public spending.
- Understand the principles of taxation based on ability to pay and the benefits received.
Verified Answer
WA
Learning Objectives
- Understand the principles of taxation based on ability to pay and the benefits received.