CIMA Financial Reporting F1 Question # 42 Topic 5 Discussion

CIMA Financial Reporting F1 Question # 42 Topic 5 Discussion

F1 Exam Topic 5 Question 42 Discussion:
Question #: 42
Topic #: 5

Why are excise duties an attractive method of raising tax for governments?

Select TWO that apply.


A.

Low cost of collection compared to other forms of taxation.


B.

High yields from the tax.


C.

Encourages consumption of products such as alcohol.


D.

Popular form of tax for the tax payer as it can be reclaimed.


E.

Ensures that the tax levied on all taxpayers is the same irrespective of their spending habits.


Get Premium F1 Questions

Contribute your Thoughts:


Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.