Pay As You Spend
In conformity with the market-related “pay-for-what-you-get” principle discussed in Chapter 15, “taxable consumption” is defined as the market value of the taxpayer’s consumption during the relevant tax period – measured, in the majority of cases, by reference to the taxpayer’s expenditure on goods and services.
KeywordsCorporate Taxation Taxable Consumption Social Security Contribution Personal Taxation Monetary Saving
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