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a. Income tax is a regressive tax. b. is a progressive tax. c. None of the above d. All of the above.
That depends on the Financial Policies and differ from Government/Est. to Government/Est.
Generally it is: b. Progressive
In India Progressive system was there but as on date: Stable
regressive strategy can also be experimented (chances prevails)
b. is a progressive tax.
B) is a Progressive Tax Because its depend on the company profit and loss Statement.
It's a corporate Income Tax, for Morocco it's progressive tax depending on the net income before tax
The rate is flat on all the companies, but it is still progressive since companies pay more tax when earn more profit when the rate is applied. Answer is b.
It may differ from government to government. Mostly it may be progressive for Individuals and a flat rate for companies.
Income Tax is a Progressive tax.
c. None of the above as there is a fixed rate of Income Tax Liability on profits earned by companies in Pakistan
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