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Questions and Answers
What is the primary basis for levying indirect taxes?
What is the primary basis for levying indirect taxes?
- Investment activities
- Property ownership
- Import and export duty (correct)
- Income generation
Which of the following is an example of an indirect tax?
Which of the following is an example of an indirect tax?
- Property tax
- Income tax
- Customs duty (correct)
- Sales tax
In the context of indirect taxes, what does 'excise' refer to?
In the context of indirect taxes, what does 'excise' refer to?
- Tax on personal income
- Tax on the production of goods (correct)
- Tax on property value
- Tax on investment profits
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