Examlex
Very complex tasks dictate high formalization.
Regressive
Refers to systems, especially tax systems, where the rate decreases as the amount subject to taxation increases, placing more of a burden on low-income earners.
OECD
The Organisation for Economic Co-operation and Development, an international organization that works to build better policies for better lives, promoting policies to improve the economic and social well-being of people around the world.
Progressive Tax System
A tax structure where the tax rate increases as the taxable amount or income increases, placing a larger financial burden on higher-income earners.
Tax System
The structured collection of laws and regulations that govern how taxes are collected, managed, and utilized by a government.
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