High rates of personal income tax are thought to have a disincentive
effect. This refers to the likelihood that the high rates of tax will
_______.
A: Encourage illegal tax evasion by individuals
B: Lead to a reduction in the supply of labour
C: Lead to a reduction in savings by individuals
D: Discourage consumer spending and company investments
effect. This refers to the likelihood that the high rates of tax will
_______.
A: Encourage illegal tax evasion by individuals
B: Lead to a reduction in the supply of labour
C: Lead to a reduction in savings by individuals
D: Discourage consumer spending and company investments
举一反三
- Which of the following is not an example of expansionary monetary policy? A: An open-market purchase of securities B: A reduction in reserve ratio C: A reduction in income tax rates D: A reduction in the discount rate
- Which are the impacts of higher tax rates on net present value？ A: The tax shield effect of depreciation increase B: The tax shield effect of depreciation decrease C: the income tax increase D: the income tax decrease
- If income tax rates rise, then ________
- By decreasing the tax rate, the government can ________ or encourage consumer spending, business transactions and investments.
- Which of the following types of tax rates are used for excise tax in China? A: Uniform tax rate Proportional tax rate B: Unit tax rate C: Composite tax rate D: Proportional tax