Asked by Rebika Basnet on May 19, 2024
Verified
Of the following countries, which country's government collects the largest amount of tax revenue as a percentage of that country's total income?
A) Denmark
B) United States
C) Canada
D) Greece
Tax Revenue
The income that is gained by governments through taxation, which is then used to fund public services and infrastructure.
- Discern the intent of distinct taxes and the federal efforts maintained by taxation funding.
Verified Answer
BN
Breanna NicolleMay 21, 2024
Final Answer :
A
Explanation :
Denmark has one of the highest tax-to-GDP ratios in the world, indicating that its government collects a larger amount of tax revenue as a percentage of the country's total income compared to the United States, Canada, and Greece. This is largely due to Denmark's extensive welfare state and public sector.
Learning Objectives
- Discern the intent of distinct taxes and the federal efforts maintained by taxation funding.
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