Examlex
The return of Hong Kong to China from ____ was a sign of China's growing success and power.
Tax Liability
The total amount of tax that an individual, corporation, or other entity is legally obligated to pay to a taxing authority.
Taxable Income
The portion of an individual's or company's income used to calculate how much tax they owe to the government.
Inelastic Demand
Inelastic demand occurs when the quantity demanded of a good or service changes minimally in response to price changes, indicating consumers' low sensitivity to price variations.
Subsidy Benefit
Financial assistance granted by a government, organization, or individual to support economic activities deemed beneficial, lowering the cost to the consumer or producer.
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