World Mcqs
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The property tax wealth tax inheritance tax and income taxes such as persona and corporate taxes are ?

A. indirect taxes

B. direct taxes

C. inelastic

D. value-added tax

Related Questions on Monetary, Fiscal & Incomes Policy, & Inflation Mcqs

Which of the following is NOT true ?

A. Taxes on international trade are the major source of tax revenue for low-income countries with poor administrative capacity

B. import duties can restrict luxury goods consumption

C. several LDCs have used value-added taxes to raise a substantial fraction of revenues

D. Cascade tax a form of progressive tax, is dominant in DCs