Ability-to-pay Principle: Definition and additional resources from BNET
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BNET Business Dictionary

Business Definition for: Ability-to-pay Principle

  • a theory which holds that taxes should be paid only by those who can best afford them

Additional Resources

Klein's first principle: A proposed solution
LAWRENCE G. SAGER* INTRODUCTION: THE PUZZLE OF KLEIN Well, it isn't exactly Fermat's Last Theorem. But United States v. Klein1 is deeply puzzling. The case is 125 years old, and still seems to command the active attention of the Supreme Court.2 Klein announced an apparently important principle limiting the ability...
Tags: Alpha, Klein, statute, U.S. Congress
Research articles 1998-07-01
Applied Extrusion Technologies, Inc. Reaches Agreement in Principle on Recapitalization with Holders of over 70% of Senior Notes; Company Will Not Pay Interest on Its Senior Notes
NEW CASTLE, Del. -- Applied Extrusion Technologies, Inc. (NASDAQ NMS - AETC) announced today that it has reached an agreement in principle with six bondholders holding over 70% in aggregate outstanding principal amount of the Company's 10 3/4% senior notes to recapitalize the senior notes. Pursuant to the agreement in...
Tags: Company
Research articles 2004-07-30
How to Sidestep the Peter Principle
The Peter Principle holds that we rise to our level of incompetence. In other words, at some point in our career, we all end up in over our heads. Tom Foster's Management Skills blog has a post on how to find a life preserver when you've...
Tags: Blog, Blogging, Professional Development, Internet, Career, Michael Fitzgerald
Blog posts 2008-04-21
Delayer Pays Principle: Examining Congestion Pricing With Compensation
Despite its virtues, congestion pricing has yet to be widely adopted. This paper explores the issues of equity and use of toll revenue and several possible alternatives. The equity and efficiency problems of conventional uncompensated congestion pricing are outlined. Then, several alternatives are discussed and developed. A new compensation mechanism...
Tags: Compensation, Equity, University Of Minnesota, Pricing Strategy, Compensation Mechanism, Benefits, Pricing, Human Resources, Marketing
White papers 2003-12-03
Sony-led group agrees in principle to acquire buy MGM studios: source
LOS ANGELES AFP — A group led by Japan's Sony Corp. struck an agreement in principle to acquire Hollywood's Metro-Goldwyn-Mayer studio, a source close to the deal said after Time Warner dropped its offer. "There is an agreement in principle, but no definitive agreement yet," a source close to...
Tags: Agence France-Presse, agreement, Hollywood, MGM Studios, Sony Corp., Time Warner Inc.
Research articles 2004-09-13
Testing the Pauli exclusion principle - physics
Testing the Pauli exclusion principle The Pauli exclusion principle stands at the heart of modern molecular, atomic and nuclear physics. By insisting that no two electrons, protons or neutrons can occupy exactly the same quantum state, the principle explains why matter doesn't collapse on itself. Several research...
Tags: electron, exclusion, NIST
Research articles 1990-05-05
Blocking open access.(Network Architect)
Many of us take the Internet for granted, in particular the ability to send and receive whatever data we want without regard to its content type or source/destination address. But the generally-accepted principle of "open access" is comin Many of us take the Internet...
Tags: Cox Communications Inc., e-mail, Internet, network, server
Research articles 2003-08-01
Federal Express Raises Rates Due to Higher Fuel Prices.(Knight Ridder/Tribune Business News)
Feb. 2--The next time you send a package Federal Express or Airborne Express, you'll pay a little more. Blame it on the oil industry and the simple economic principle of supply and demand. Feb. 2--The next time you send a package Federal Express or ...
Tags: Federal Express
Research articles 2000-02-01
Lowdown on new loans.
Jul 06, 2003 (Herald Sun - ABIX via COMTEX) Australian lenders such as the Melbourne Credit Union MCU are offering loans based on ability to pay. These are often open to small businesses that do not declare all of their income to the Australian ...
Tags: Australian Taxation Office, FINANCE, income
Research articles 2003-07-06
JP Morgan Chase to pay 2.2 billion dollars to settle Enron suit
NEW YORK AFP — JP Morgan Chase, the second-largest US bank, has reached "an agreement in principle" to pay 2.2 billion dollars to settle a class-action lawsuit from Enron stock and bond holders, the bank said in a statement. The deal is the largest civil settlement linked to the...
Tags: bank, Enron Corp., J.P. Morgan Chase & Co., Litigation, settlement
Research articles 2005-06-15
Managing Cash Flow
This article deals with the forecast of your most critical asset. As you navigate the frequently uncharted pathways of small business ownership, one of the most important responsibilities facing you is the ability to understand the cash requirements of your business. You must make this week's payroll, pay for a...
Tags: University Of Wyoming, Payroll, Small Business, Payroll Solutions, Operational Accounting, Finance
White papers 2003-01-01
Offers-in-compromise in Bankruptcy
Offers-in-compromise OIC have become a useful tool for taxpayers in paying heavy tax burdens where the taxpayer has limited distributable assets or income. As such, a taxpayer can propose to pay taxes on the basis of an ability to pay or on the basis of the Internal Revenue Service's (IRS's)...
Tags: bankruptcy, debtor, FINANCE, Internal Revenue Service, Litigation, Taxes
Research articles 2004-09-01
Legislative entrenchment: a reappraisal.(allowing legislatures o bind their successors)
INTRODUCTION There is a principle of constitutional law holding that "one legislature may not bind the legislative authority of its successors." (1) The Supreme Court recently discussed that principle at length in United States v. Winstar, and although the case was decided on...
Tags: Blackstone, Newton, statute, U.S. Congress, upshot
Research articles 2002-05-01
Time Management - Pareto's 80/20 Principle
The Pareto Principle is known by many names and seems to be an almost intrinsic law of nature. Amongst its other names two in particular pinpoint what it is about: the law of imbalance and the 80/20 rule. The principle can be expressed in many ways and has been used...
Tags: Imbalance, Tony Atherton, Pareto Principle, Time Management, Productivity
White papers 2007-01-17
DISTRIBUTING THE COSTS OF ENVIRONMENTAL, HEALTH, AND SAFETY PROTECTION: THE FEASIBILITY PRINCIPLE, COST-BENEFIT ANALYSIS, AND REGULATORY REFORM
Abstract:This Article offers a normative theory justifying the feasibility principle animating many environmental statutes. The feasibility principle avoids widespread plant shutdowns while maximizing the stringency of regulation that does not close plants. This principle offers a reasonable, democratically chosen response to distributional concerns and provides meaningful guidance regarding both maximum...
Tags: agency, analysis, benefit, closure, criterion, feasibility, Government, industry, MARKETING, pollution, Regulations, shutdown, standards, statute, Technology, technology, theory, U.S. Congress, U.S. Environmental Protection Agency
Research articles 2005-01-01
How to Sidestep the Peter Principle
How to Sidestep the Peter PrinciplePeters Principle and Putts lawsWe all observe the Peters Principle in our work places. Many years ago I read some wonderful Laws-I believe called Putts Laws. These included advice on how to be a successful consultant, such as "a consultant always learns more from the...
Tags: Peter Principle, Peters Principle
Discussion threads 2008-04-22
The Carrot Principle.(Books in Brief)(Book review)
The Carrot Principle The Carrot Principle
Tags: Books
Research articles 2007-03-01
Make incentives reflect job done.(Viewpoint)(Brief Article)
Incentive compensation for agency management is a good thing for shareholders, just as incentive pay for agencies is a good thing for marketers. The challenge is in putting principle into practice. We are encouraged by actions by holding companies to Incentive compensation for agency management is...
Tags: agency, incentive, job
Research articles 2004-05-03
Focus on the precautionary principle
PRECAUTION has long been a basis for taking action to prevent harm, and where dangers are well characterized there are clearly merits in this: it is not advisable, for example, to build a house on the edge of a volcano that is expected to erupt imminently; nor indeed to build...
Tags: emission, General Motors Corp.
Research articles 2001-03-01
Obituary: Lord Beloff
IT WAS characteristic of Max Beloff that less than six months ago in a debate on reform of the House of Lords he was one of the few speakers who had the courage to enter a vigorous defence of the hereditary principle. He stood up for it partly on pragmatic...
Tags: Britain, CAREER, Government, lecture, University of Oxford
Research articles 1999-03-26
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