Briefly and Concisely Define the Following Terms

question 111

Essay

Briefly and concisely define the following terms:
a. fiscal federalism
b. horizontal equity
c. vertical equity
d. benefits principle of taxation

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Definitions:

Persuasive Authority

Persuasive authority refers to legal sources, such as case law from other jurisdictions, that a court may consider but is not obligated to follow in its decision-making.

Rules of Construction

Legal principles that guide judges in interpreting statutes, contracts, or documents.

Statutory Interpretation

The process by which courts analyze and apply legislation to resolve disputes and interpret the law.

Administrative Regulations

Rules or directives issued by government agencies that have the force of law, governing the implementation of specific public policies.