Which Is the Most Important Source of Tax Revenue for Local

question 211

Multiple Choice

Which is the most important source of tax revenue for local governments?

• A) property taxes
• B) corporate income taxes
• C) sales and excise taxes
• D) personal income taxes

---

Definitions:

Start-Up Capital

The initial investment required to start a new business or launch a new product.

Financial Return

The profit or loss generated on an investment over a specific period, often expressed as a percentage of the initial investment cost.

Teambuilding

The process of creating a cohesive and effective team through activities and exercises that enhance communication, trust, and collaboration among members.

Managing Director

A senior executive responsible for the day-to-day management of a company, often equivalent to a Chief Executive Officer (CEO) in some countries.