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Definition of

ability-to-pay principle


theory of tax liability a theory which holds that taxes should be paid only by those who can best afford them

Definitions of ’ability-to-pay principle’ and meaning of ’ability-to-pay principle’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’ability-to-pay principle’ and other financial terms with our online QFINANCE Financial Dictionary.

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