Advantages and disadvantages of regressive taxation
Answers
Answered by
1
Disadvantages of Regressive Tax
Revenue might decrease if the consumption of goods is reduced by low-income people. Wealthier will continue to earn more and low-income groups will continue to earn less. Tax skimming will be encouraged as low-income people tend to hide the liquid cash.
Similar questions
India Languages,
5 months ago
Art,
5 months ago
Math,
10 months ago
Math,
1 year ago
Physics,
1 year ago