Which of the Following Is FALSE

question 57

Multiple Choice

Which of the following is FALSE?

• A)Tariffs are a relatively easy tax to administer and often form an important part of revenue for low-income countries.
• B)Taxes on income,sales,and property require more complex accounting systems than do tariffs.
• C)Low-income countries often have large informal markets with the sales of many goods and services not being recorded,which makes it difficult to apply many kinds of taxes.
• D)Taxes on income and property run into powerful interest groups in low-income countries,which work to prevent the creation or payment of these taxes.
• E)Tariffs are not an attractive tax option for most low-income countries,so they mostly rely on quota licenses for revenue.