| [ A ] proportional to the income of tax payers |
 |
| [ B ] similar for tax payers in similar circumstances | |
| [ C ] proportional to the expenditure of tax payers | |
| [ D ] the same for every tax payer |
| [ A ] proportional to the income of tax payers |
|
| [ B ] similar for tax payers in similar circumstances | |
| [ C ] proportional to the expenditure of tax payers | |
| [ D ] the same for every tax payer |
| Answer : Option A |
| Explanation : |
| The principle of equity includes both horizontal and vertical. Equity is determined by first assessing an individual's ability-to-pay. Horizontal equity suggests it is fair for people of equal ability to pay the same amount in taxes. Vertical equity is the idea that people who has a higher ability to pay more than those who have a lower ability to pay, as long as the increase in tax level is considered to be reasonable. |
Copyright 2018 | Privacy Policy | Terms and Conditions | Contact us | Advertise
@