One of most significant changes that most developing nations could take to increase their tax revenue would be to:
A) raise taxes.
B) reform tax administration.
C) institute a strong corporate tax.
D) undertake radical land redistribution.

Question

Quizplus · Accepted Answer

Reforming tax administration would be the most significant change that developing nations could take to increase their tax revenue. This would involve improving the efficiency and transparency of tax collection, reducing corruption, and increasing compliance. This would help to broaden the tax base and make it easier to collect taxes from all segments of society, including both individuals and corporations. While raising taxes or instituting a strong corporate tax may also increase tax revenue, these approaches are less likely to be successful in the absence of effective tax administration. Undertaking radical land redistribution is not directly related to increasing tax revenue.

One of Most Significant Changes That Most Developing Nations Could