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Questions and Answers
What percentage of tax revenues do consumption taxes, including VAT, account for according to the World Bank Institute study?
What percentage of tax revenues do consumption taxes, including VAT, account for according to the World Bank Institute study?
- 40% (correct)
- 60%
- 30%
- 50%
Which type of tax is reported to be more revenue productive than Corporate Income Tax?
Which type of tax is reported to be more revenue productive than Corporate Income Tax?
- Property Tax
- Trade taxes
- Value Added Tax (VAT)
- Personal Income Tax (PIT) (correct)
What is the current corporate tax rate in Malaysia as of YA2019?
What is the current corporate tax rate in Malaysia as of YA2019?
- 28%
- 26%
- 22%
- 24% (correct)
Who bears the ultimate economic burden of an indirect tax according to the definition provided?
Who bears the ultimate economic burden of an indirect tax according to the definition provided?
How are businesses affected by indirect taxes according to the text?
How are businesses affected by indirect taxes according to the text?
According to the World Bank Institute study, what percentage of tax revenues do consumption taxes, including VAT, account for?
According to the World Bank Institute study, what percentage of tax revenues do consumption taxes, including VAT, account for?
What is the current corporate tax rate in Malaysia as of YA2019?
What is the current corporate tax rate in Malaysia as of YA2019?
Which tax is reported to be more revenue productive than Corporate Income Tax?
Which tax is reported to be more revenue productive than Corporate Income Tax?
Who bears the ultimate economic burden of an indirect tax according to the definition provided?
Who bears the ultimate economic burden of an indirect tax according to the definition provided?
How are businesses affected by indirect taxes according to the text?
How are businesses affected by indirect taxes according to the text?
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