Asked by
Joshua Angelo Pineda
on Nov 26, 2024
Verified
The levying of licensing fees for automobiles is an example of taxation based on the ability-to-pay principle.
Licensing Fees
Payments made by a user to an owner for the right to use intellectual property, such as patents, trademarks, or copyright material.
Ability-To-Pay Principle
A principle of taxation asserting that taxes should be levied according to an individual’s or entity’s capacity to pay.
- Comprehend the fundamentals of the benefits-received principle of taxation and the capacity-to-pay principle.
Verified Answer
ES
Learning Objectives
- Comprehend the fundamentals of the benefits-received principle of taxation and the capacity-to-pay principle.
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