In Export Co

question 5

Multiple Choice

In Export Co.v.Imports,Inc.,there is no precedent on which the court can base a decision.The court can consider,among other things,

• A)neither public policy nor social values.
• B)public policy only.
• C)public policy or social values.
• D)social values only.

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Definitions:

Benefits-received Principle

The concept that the amount of taxes an individual pays should be directly proportional to the level of benefits or services they receive from the government.

Ability-to-pay Principle

A taxation principle suggesting that taxes should be levied according to an individual's or entity's ability to pay, typically measured by income or wealth.

Ability-to-pay Principle

A tax principle stating that taxes should be levied according to an individual's or entity’s capacity to pay, typically measured by income or wealth.