Are the following statements true or false? Find reasons for your answers in A,B and C opposite.
1 Capital gains are generally taxed at a higher rate than income.
2 The same sum of money can be taxed more than once.
3 sales taxes can be both proportional and progressive at the same time.
4 Excise duties are extra sales taxes on selected products.
5 Many international companies have their registered headquarters in small countries where they do only a small proportion of their business.
6 Employees will generally pay less tax if their employer reduces their salary a little and provides them with a car.
7 Tax avoidance is illegal.
8 Perks and loopholes are forms of tax evasion.