Q. Buoyancy of a tax is defined as

  • (A) Increase in tax revenue/increase in tax base
  • (B) Increase in tax revenue/percentage increase in tax coverage
  • (C) Percentage increase in tax revenue /increase in tax coverage
  • (D) Percentage increase in tax revenue/percentage increase in tax base
βœ… Correct Answer: (A) Increase in tax revenue/increase in tax base

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