Question : Which country has the highest income tax revenue as a percentage of total tax revenue?
Option 1: India
Option 2: Pakistan
Option 3: China
Option 4: Cannot be determined
Answer (1)
16th Jan, 2024
Correct Answer: China
Solution : The correct answer is (c) China.
According to the World Bank, China has the highest income tax revenue as a percentage of total tax revenue among India, Pakistan, and China. In 2022, income tax revenue accounted for 23.1 % of total tax revenue in China, compared to 17.1 % in India and 13.8 % in Pakistan.
Therefore, China has the highest income tax revenue as a percentage of total tax revenue among India, Pakistan, and China.
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