A. Taxes on international trade are the major source of tax revenue for low-income countries with poor administrative capacity
B. import duties can restrict luxury goods consumption
C. several LDCs have used value-added taxes to raise a substantial fraction of revenues
D. Cascade tax a form of progressive tax, is dominant in DCs
Correct Answer: Cascade tax a form of progressive tax, is dominant in DCs ✔
Last Updated: June 18, 2019