benefit principle Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “benefit principle” in the English Dictionary

"benefit principle" in Business English

See all translations

benefit principlenoun [C]

uk   us  
TAX, ECONOMICS the ​theory that ​people who use a ​publicservice or ​product should ​pay more ​tax towards it than ​people who do not use it: The ability-to-pay ​principle of ​taxationstands in ​sharp contrast to the ​benefitprinciple.
(Definition of benefit principle from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of benefit principle?
Add Cambridge dictionaries to your browser to your website
Word of the Day

procession

a line of people who are all walking or travelling in the same direction, especially in a formal way as part of a religious ceremony or public celebration

Word of the Day

I used to work hard/I’m used to working hard (Phrases with ‘used to’)
I used to work hard/I’m used to working hard (Phrases with ‘used to’)
by Kate Woodford,
February 10, 2016
On this blog, we like to look at words and phrases in the English language that learners often have difficulty with. Two phrases that can be confused are ‘used to do something’ and ‘be used to something/doing something’. People often use one phrase when they mean the other, or they use the wrong

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More