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Question
What is meant by no quid pro quo of a tax?
Answer in Brief
Solution
The Latin term "quid pro quo" means "something for something," and refers to a direct exchange or transaction in which something is given in exchange for something else. A "no quid pro quo" tax indicates that taxpayer contributions are placed in a general fund and used for the collective benefit of society, such as public goods and services that do not directly benefit the taxpayer in a measurable way.
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Meaning of Taxes
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