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- Multiple ChoicePlease save your changes before editing any questions.
Tax is imposed by the government because _______
It acts as a substantial revenue for the government
Government is able to manage the demand in the market
Brings equality to income and wealth in the country
All of the above
- Multiple ChoicePlease save your changes before editing any questions.
______ type of tax is imposed on the supply of goods and services.
Supply tax
Income tax
Goods and Service tax (GST)
Property tax
- Multiple ChoicePlease save your changes before editing any questions.
These taxes are direct taxes:
Income tax
Capital gain tax
Sales tax
Value added tax
- Multiple ChoicePlease save your changes before editing any questions.
What kind of tax is GST?
Direct tax
Indirect tax
depends on the type of goods and service
None of the above
- Fill in the BlankPlease save your changes before editing any questions.
_____ is the country that offers businesses and individuals with low or no income tax.
- Multiple ChoicePlease save your changes before editing any questions.
Tax Haven countries are ______
India
The Bahamas
USA
Bahrain