Question on: WAEC Economics - 2016
Indirect taxes are generally
A
progressive
B
regressive
C
equitable
D
proportionate
Ask EduPadi AI for a detailed answer
Correct Option: B
Indirect taxes; An indirect tax is a tax levied on goods and services rather than on income or profits. indirect taxes are regressive in nature. They are consumption based taxes. Service tax, value added tax,customs and excise duty etc are examples of
Taxes are regressive when they impose a harsher burden on the poor than on the rich.
Add your answer
Please share this, thanks!
No responses