Investment Analysis & Portfolio Management
The principle of utility This principle suggests that taxes should be levied according to the benefits a person receives from the state. Since more benefits accrue to lower income groups, according to this principle those who earn more income but enjoy fewer benefits from the state should be taxed at lower rates and those who receive less income but more benefits from the state should should be taxed at high rates.
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FIN630 FINAL TERM PAST PAPERS BY MOAAZ:
Business friendly According to this principle, the tax policy should be such that it supports the business environment and does not discourage the investment environment.
FIN630 FINAL TERM SOLVED PAPERS:
Capacity to pay This principle suggests that the tax system must be based on the self-sacrifice of the person being taxed, those with higher income should pay taxes at high rates/proportions, while those with low income should they should have paid taxes at lower rates or pro rata.
