(from the article `taxation`) The ability-to-pay principle requires that the total tax burden will be distributed among individuals according to their capacity to bear it, taking ...
Found on
http://www.britannica.com/eb/a-z/a/5
Ability to pay principle is the concept that individuals shouldn?t be required to pay taxes beyond their wherewithal to pay the taxes. In other words, it?s a concept that determines the proportional amount of tax levied on an individual based on his or her income and capability affording the taxes.
Found on
https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction
No exact match found.
