ability to pay principle Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “ability to pay principle” in the English Dictionary

"ability to pay principle" in Business English

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ability to pay principlenoun [S]

uk   us  
TAX, ECONOMICS the ​principle that ​people should ​paytax according to how much ​money they ​earn
(Definition of ability to pay principle from the Cambridge Business English Dictionary © Cambridge University Press)
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