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WAEC Economics 2001 Question 41

Question 41

Public Finance

Which of the following is a direct tax?

  1. A.Import duty
  2. B.Export duty
  3. C.Capital gains tax
  4. D.Sales tax
Show the answer and explanation

Answer: C (Capital gains tax)

Explanation

A direct tax is paid by the person on whom it is imposed, e.g. capital gains tax; duties and sales tax are indirect.