Indian Institute of Foreign Trade 2018 Solved Paper

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Question : 48 of 114

Marks: +1, -0

Why are the Indirect 'Taxes termed as 'Regressive Taxing Mechanisms'?

Indirect taxes are charged uniformly to all income groups.
Indirect tax with different tax rates are charged differentially to different people.
Indirect taxes have progressive tax schedule, meaning high income group may pay more taxes.
None of the above

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