Examlex
Which of the following created a passport free zone in the mid 1980s, which stood as the model for the rest of the EU?
Horizontal Equity
The principle that individuals with similar income or assets should pay the same amount in taxes.
Vertical Equity
A principle in taxation where taxpayers with a greater ability to pay, pay more in taxes, demonstrating a progressive tax system.
Small Economy
An economy that is limited in size, characterized by a smaller population, lower GDP, and less impact on international markets compared to larger economies.
Horizontal Equity
A principle in taxation that asserts that individuals with the same income or resources should pay the same amount in taxes.
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