equity of taxation

equity of taxation
equity of taxation ˌequity of taxˈation noun [uncountable] TAX
the principle that taxes should be fair and should be based on different people's ability to pay, which is usually related to their income

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equity of taxation UK US noun [U] TAX
the principle that people should pay an equal amount of tax according to their income and ability to pay

Financial and business terms. 2012.

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