Which of the following is FALSE?
A)Tariffs are a relatively easy tax to administer and often form an important part of revenue for low-income countries.
B)Taxes on income, sales, and property require more complex accounting systems than do tariffs.
C)Low-income countries often have large informal markets with the sales of many goods and services not being recorded, which makes it difficult to apply many kinds of taxes.
D)Tariffs are not an attractive tax option for most low-income countries, so they mostly rely on quota licenses for revenue.

Question

Quizplus · Accepted Answer

Tariffs are often not an attractive tax option for low-income countries as they can negatively impact their ability to trade with other countries. While tariffs can form an important part of revenue for some low-income countries, they are not the primary source of revenue. Additionally, quota licenses are typically used to restrict the amount of imported goods and generate revenue rather than tariffs.

Which of the Following Is FALSE