A Tax System Achieves Equity When

question 189

Multiple Choice

A tax system achieves equity when:

• A)taxes are distributed fairly,however society may define fair.
• B)it minimizes the costs to the economy of tax collection.
• C)it is efficient.
• D)taxes are lump sum.

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Definitions:

Code of Professional Conduct

A set of guidelines and ethical standards designed to govern the behavior and decision-making processes of professionals within a specific field or organization.

Business People

Individuals engaged in commercial, industrial, or professional activities, often with the aim of generating profit.

Provincial Business Society

A regional organization or association focused on the promotion and support of local business endeavours and interests.

Lawyer-Client Relationship

The professional association between a lawyer and their client, characterized by trust, confidentiality, and the obligation to provide competent legal representation.