Which combination of tax reforms is most likely to be regressive in a developed economy?
- Aincreasing the rate of wealth tax and raising the rate of sales tax (VAT) on luxury products
- Bintroducing a tax on owning property based on its sales value and increasing the rate of income tax
- Creducing the basic rate of income tax and increasing the duty on fuel
- Dremoving the tax-free allowance for income tax and extending sales tax (VAT) to include all food