Examlex
Parens patriae was used to justify the state's intervention in the lives of its feudal lords and their children.
Tax System
The legal framework and mechanisms through which taxes are imposed on individuals, corporations, and transactions in a country, shaping the distribution of tax burdens.
Deadweight Losses
Economic inefficiencies that occur when the free market equilibrium is disturbed, resulting in a loss of economic value, often due to taxes, subsidies, or price controls.
Administrative Burdens
The costs and obstacles associated with compliance to legal and regulatory requirements by businesses or individuals.
Corporate Income Tax
A tax imposed on the net income of a corporation, calculated on its net earnings.
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