Examlex
If a resource or capability is valuable and rare but not costly to imitate, exploiting this resource will generate a sustainable competitive advantage for a firm.
Progressive Tax
A taxation system where the tax rate increases as the taxable amount or income increases.
Proportional Tax
A tax system wherein the tax rate is fixed and applied uniformly to all taxpayers, regardless of their income level.
Regressive Tax
A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases, disproportionately affecting those with lower incomes.
Benefits Tax
A taxation principle where taxes are levied according to the benefits received by the taxpayer.
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