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प्रश्न
What is meant by regressive taxation?
What are regressive taxation?
Explain the following with examples:
Regressive tax
What is regressive tax? Give an example.
What is a regressive tax?
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उत्तर
- Regressive tax is the opposite of progressive tax. A tax will be regressive when the rate of tax decreases as the tax base increases. Thus, it is directly opposite of progressive tax.
- The chief examples of regressive taxes are on these goods whose consumption society wishes to discourage, such as tobacco and alcohol.
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संबंधित प्रश्न
Which of the following is an advantage of direct taxes?
Monetary policy means regulation of money supply by the monetary authority.
Wealth tax is an example of:
Read the following statements carefully and choose the correct alternative:
Assertion (A): Income tax is a direct tax.
Reason (R): GST is an indirect tax.
Define Indirect tax
Citing reason state the advantage of a progressive tax over proportional tax.
An indirect tax is not always equitable. Give two reasons to support your answer.
What is meant by shifting of tax burden?
Three demerits of an Indirect tax.
Explain the term Incidence of a tax.
