Which of the following is NOT true ?

Monetary, Fiscal And Incomes Policy, And Inflation 29/03/2021

A. Taxes on international trade are the major source of tax revenue for low-income countries with poor administrative capacity
B. import duties can restrict luxury goods consumption
C. several LDCs have used value-added taxes to raise a substantial fraction of revenues
D. Cascade tax a form of progressive tax, is dominant in DCs

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