Tax reforms after 1991 included

much higher rates of income tax for all earnersCorrect answerYour answerlower rates of income tax and corporation taxCorrect answerYour answera ban on paying taxes onlineCorrect answerYour answernew taxes on every exportCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

High rates encouraged tax evasion; moderate rates were expected to encourage saving and honest disclosure of income.
Corporation tax, which had been very high, was also cut gradually.

Concept: Tax reforms
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsLiberalisation

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Ten questions from Economic Reforms since 1991 (LPG), at your own pace.

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Ten questions from Economic Reforms since 1991 (LPG), at your own pace.

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Tax reforms after 1991 included

Explanation