![EQUITY PRINCIPLE Equity principle refers to the fairness or justice in the distribution of burden of taxation. Therefore equity principle requires that taxation should be just and based on equality and justice. This theory has two aspects, ,[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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Principles of Taxation: Equity and Fairness
- 1. PRINCIPLES OF TAXATION Taxation is the biggest source of public revenue of the modern government.
- 4. VERTICALLY EQUITY Which implies the person who is better off should pay more as taxes than others.