Asked by Caroline Zoufaly on May 18, 2024

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The benefits-received principle of taxation is used to support corporate and personal income taxes.

Benefits-Received Principle

A tax theory stating that those who benefit from government services should pay taxes in proportion to the amount of benefits they receive.

  • Investigate the fundamentals of taxation, encompassing both the benefits-received principle and the ability-to-pay principle.
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JC
Jennifer ContrerasMay 19, 2024
Final Answer :
False
Explanation :
The benefits-received principle of taxation is typically used to determine user fees for specific government services or goods, such as toll roads or national parks. It is not a primary principle for corporate or personal income taxes, which are typically based on the ability-to-pay principle.