Question

I will definitely down vote, if essay is inappropriate
3) What will be the better tax system for European countries in future? (Do not select multiple answers and type your answer)
a) Slab system
b) Fixed rate
c) No Tax
d) Tax on bank transaction
e) None of the above
answer based on information, else skip it

Answer 1

Solution:

The Answer is d) Tax on bank transaction.

Explanation:

1) As per recent advice of economists and financial experts, who proposed that it is better to change the taxation system in all around the world based on banking transaction done by the citizens.

2)Which means taxing the bank transaction of individual, corporate etc on percentage basis.

3) So, based on this every individual or corporate will be taxed as per their banking transaction but not on income earned.

4) Remaining options are Incorrect as Option D is Correct.