Thursday, 23 June 2016

Cima F1 Exam Question No 55

Question No 55:

An ideal tax system should conform to certain principles. Which one of the following statements is not generally regarded as a principle of an ideal tax?

It should be fair to different individuals and should reflect a person’s ability to pay.
It should not be arbitrary, it should be certain.
It should raise as much money as possible for the government.
It should be convenient in terms of timing and payment.

Answer: C

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