a) Explain the concepts of horizontal equity and vertical equity in the context of taxation. b) Explain

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a) Explain the concepts of horizontal equity and vertical equity in the context of taxation.
b) Explain the difference between tax deductions and tax credits.

c) Are deductions or credits more.
(vertically) equitable? Briefly explain.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Apr 20, 2024 07:39 AM

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a) Explain the concepts of horizontal equity and vertical equity in the context of taxation. b) Explain

Question:

Expert Answer:

a Horizontal equity in taxation refers to the principle that individuals in similar economic situ... View the full answer

Income Tax Fundamentals 2013

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