A major source of tax revenue for developing countries is personal income taxes. social security taxes....
A major source of tax revenue for developing countries is
| personal income taxes. |
| social security taxes. |
| property taxes. |
| international trade taxes. |
| excise taxes. |
Homework Answers
In developing countries, formal economy is very less in size
compared to informal economy.
Due to this direct tax collections are much lower compared to indirect tax collections.
Most revenue in these countries are collected through imposition of taxes on goods and services.
Thus,
A major source of tax revenue for developing countries is excise taxes.
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A major source of tax revenue for developing countries is
personal income taxes.
social security taxes....
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