In a country, the standard Value Added Tax (sales tax) rate is $20\%$. Every consumer who purchases the same product pays the same tax amount. What type of tax is this?
- Adirect
- Bprogressive
- Cproportional
- Dregressive
Economics 0455 · IGCSE · Fiscal policy
In a country, the standard Value Added Tax (sales tax) rate is $20\%$. Every consumer who purchases the same product pays the same tax amount. What type of tax is this?