Which form of taxation do many developing countries rely on the most?
A)Import taxes or tariffs
B)Income taxes
C)Sales taxes
D)Corporate taxes

Question

Quizplus · Accepted Answer

Developing countries often rely more on import taxes or tariffs as a significant source of revenue due to challenges in implementing and collecting other forms of taxation like income or corporate taxes. This is because import taxes are easier to administer and collect at the border compared to the complexities involved in tracking and taxing individual or corporate income.

Which Form of Taxation Do Many Developing Countries Rely on the Most