Buoyancy of a tax is defined as ?
Aincrease of tax rate
Bdecrease in tax revenue
Cincrease in tax revenue
Dincrease in ratio of direct to indirect tax
Aincrease of tax rate
Bdecrease in tax revenue
Cincrease in tax revenue
Dincrease in ratio of direct to indirect tax
Related Questions:
Consider the following statements regarding the ‘Regressive taxation’:
I.Regressive taxation method has decreasing rates of tax for increasing value or volume on which the tax is being imposed.
II.For regressive taxation are not any permanent or specific sectors for such taxes.
III.The regressive taxation method while appreciated for rewarding the higher producers or income-earners is criticised for being more taxing on the poor and low-producers.
Which of the following statement(s) is/are correct?