- 5 Marks
PT – March 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy
Differentiate between progressive and regressive tax systems with examples.
Question
When introducing new taxes in a developing economy like Ghana, the contribution of the new tax system to the tax buoyancy of the country is important. However, this will depend on whether the new tax instrument will be a progressive tax or a regressive tax.
Required:
Explain the difference between progressive tax system and regressive tax system and state ONE (1) example of each tax instrument.
Find Related Questions by Tags, levels, etc.
- Tags: Examples of Taxation, Progressive Tax, Regressive Tax, Tax Systems
- Level: Level 2
- Topic: Overview of the Ghanaian Tax System and Fiscal Policy
- Series: MAR 2023
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