Asked by
Maria Gonzalez
on Nov 05, 2024
Verified
The ________ principle of taxation is not often used because it is difficult to determine the values individual taxpayers place on goods and services that are produced using tax revenue.
A) vertical equity
B) ability-to-pay
C) benefits-received
D) horizontal equity
Taxation Principle
The guidelines governing how taxes should be levied on individuals and businesses in a fair and efficient manner.
Tax Revenue
The income that is gained by governments through taxation from individuals and businesses.
- Explain the operations of the benefits-received principle in taxation and contrast it with the ability-to-pay principle.
- Comprehend the difficulties in applying the benefits-received principle in creating tax policies.
Verified Answer
GH
Learning Objectives
- Explain the operations of the benefits-received principle in taxation and contrast it with the ability-to-pay principle.
- Comprehend the difficulties in applying the benefits-received principle in creating tax policies.