Match Each Term with the Correct Statement Below

question 14

Multiple Choice

Match each term with the correct statement below.
-Tax planning using legal methods to minimize the tax liability.

• A)Average tax rate
• B)Effective tax rate
• C)Horizontal equity
• D)Marginal tax rate
• E)Progressive rate structure
• F)Proportional rate structure
• G)Regressive rate structure
• H)Tax avoidance
• I)Tax evasion
• J)Vertical equity

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Definitions:

Multinational Treaty

An agreement that is signed by multiple countries, establishing rights and obligations between the parties.

Patent Protection

Legal rights granted to inventors to exclusively make, use, or sell their inventions for a certain period, preventing others from doing so.

Paris Convention

An international treaty established to protect industrial property rights including patents, trademarks, and industrial designs across countries.

CISG

stands for the United Nations Convention on Contracts for the International Sale of Goods, a treaty providing a uniform international sales law.