Question
Explain five disadvantages of Indirect Taxes.
Answer
- Does not provide certainty.
- May not achieve equity.
- It is avoidable hence not all people pay it.
- May discourage production.
- It can cause cost push inflation.
- Lack of civil consciousness.
- May not achieve equity.
- It is avoidable hence not all people pay it.
- May discourage production.
- It can cause cost push inflation.
- Lack of civil consciousness.
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