Question

Corporation tax is _____________

• A. levied and appropriated by the States
• B. levied by the Union and collected and appropriated by the States
• C. levied by the Union and shared by the Union and the States
• D. levied by the Union and belongs to it exclusively

Answer 1

Answer:

C. levied by the Union and shared by the Union and the States

Corporation tax is levied by the Union and shared by the Union and the States.