1. From the table below, match the correct definitions with the principle that needs to be considered when making taxation policy/laws:

Principle	Definition
Equity	Compliance costs to the business/individual and administrative costs to the government should be minimal. Efficiency
Efficiency	Taxpayers should know in advance that they have a tax liability to allow them to make provisions for paying amounts due. Certainty
Simplicity	Distributing the tax burden fairly across Australia and contains both horizontal and vertical. Horizontal means that taxpayers in similar positions should pay similar tax. Vertical means that taxpayers in better positions should pay more tax. Equity
Certainty	Taxes should not influence taxpayers' choices for or against a certain activity by altering the cost of alternate goods, different modes of investment or business activities. Neutrality
Neutrality	Tax should be clear and easy to understand so that taxpayers know their obligations. Simplicity

1. Using Goods and Services Tax (GST)as an example, discuss if this tax policy/law meets the principles mentioned above in a). You will need to discuss at least three (3) of the principles in your answer.