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"We have rapidly grown into a top-tier provider of environmental services worldwide, and our clients expect us to employ top-tier talent and use top-tier technology tools," said Leo Dischinger, Chief Technology Officer. "Therefore, over the next two years, our company is going to invest in top-tier technology tools. But we first have to understand what we currently use in our worldwide offices-that is, determine which technologies the company most depends upon." The first step that Leo is describing is
Average Tax Rate
The ratio of the total amount of taxes paid to the total tax base (taxable income or spending), showing the fraction of income that is paid in taxes.
Licensing Fees
Payments made by a user to an owner for the right to use intellectual property, such as patents, trademarks, or copyright material.
Ability-To-Pay Principle
A principle of taxation asserting that taxes should be levied according to an individual’s or entity’s capacity to pay.
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