Which of the following taxes are more easier to collect in industrial countries than in developing countries?
A)Sales tax
B)Capital gains tax
C)Personal income tax
D)Business tax
E)Export tax

Question

Quizplus · Accepted Answer

Personal income tax is easier to collect in industrial countries than in developing countries because industrial countries have a larger formal economy and a higher proportion of their population in formal employment, which makes it easier to track and collect taxes. Developing countries often have a large informal economy, which makes it difficult to collect personal income tax from individuals who work in the informal sector. Additionally, the tax systems in developing countries may not be as well-developed or efficient as those in industrial countries, which can also make it more difficult to collect taxes.

Which of the Following Taxes Are More Easier to Collect