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JAMB Economics 1980 Question 7

Question 7

Public Finance

Which is the dominant form of tax in Nigeria?

  1. A.Direct tax
  2. B.Indirect tax
  3. C.Inheritance tax
  4. D.Personal income tax
  5. E.Value added tax.
Show the answer and explanation

Answer: A (Direct tax)

Explanation

Petroleum profit tax and company income tax, both direct taxes, provided most of Nigeria's tax revenue at the time.