The following are demerits of direct taxes except:
A. Tax evasion rises
B. Uneconomical
C. Disincentive to work hard and earn more or save more after reaching a level of income
D. Not based on principle of equity.
Answer:D
The following are demerits of direct taxes except:
A. Tax evasion rises B. Uneconomical C. Disincentive to work hard and earn more or save more after reaching a level of income D. Not based on principle of equity.