According to the _____ Principle,those Who Can Afford It Should

question 192

Multiple Choice

According to the _____ principle,those who can afford it should pay higher tax.

• A)ability-to-pay
• B)tax fairness
• C)benefits
• D)affordability

---

Definitions:

Dividend Imputation

A tax system where companies’ paid taxes can be attributed to shareholders, reducing their personal income tax on dividends.

Group Members

Individuals or entities that belong to a defined collection or category, often within a corporate or organizational structure.

Australian Residents

Individuals or entities residing in Australia for tax purposes, subject to Australian tax laws on their worldwide income.

Reverse Acquisitions

A transaction where a smaller company acquires control over a larger company, often resulting in the smaller entity's management taking control of the combined entity.