Examlex
It is possible for an asset to be a current asset even though the expected conversion of that asset into cash is to be longer than one year.
Tax Incidence
The analysis of the effect of a particular tax on the distribution of economic welfare, essentially focusing on who ultimately bears the cost of a tax.
Taxes Collected
The total amount of money garnered by a government through the imposition of taxes.
Corporate Income Tax
A tax imposed by a government on the income earned by companies.
Horizontal Equity
The principle that individuals with similar income or resources should be treated equally by the tax system.
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