Between 1990 and 1992, UK citizens were charged a Community Charge commonly known as the poll tax – a single flat-rate per capita tax on every adult at a rate set by the local authority. What type of tax was this?
Regressive
What does the Laffer Curve show?
The correlation between the tax rate and tax revenue changes
Which of the following is the most likely explanation of what is shown in the diagram above?
An increase in the basic rate of income tax
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