In a country, the standard rate of Value Added Tax (sales tax) is $20\%$. Different consumers who purchase the same product must each pay the same tax amount. What kind of tax is this?
- Adirect
- Bprogressive
- Cproportional
- Dregressive
Economics 2281 · O Level · Fiscal policy
In a country, the standard rate of Value Added Tax (sales tax) is $20\%$. Different consumers who purchase the same product must each pay the same tax amount. What kind of tax is this?