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Economics
MEDIUM
ENGLISH
Economics
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
Option A
B
import duties can restrict luxury goods consumption
Option B
C
several LDCs have used value-added taxes to raise a substantial fraction of revenues
Option C
Cascade tax a form of progressive tax, is dominant in DCs
Correct answer
Correct answer: D
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