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Taxes - Coggle Diagram
Taxes
Direct Tax
Personal Income Tax
30% on Canada on average
In BC it goes
up to
50%, i.e richest person pays 50%)
UAE and Hongkong pays on average 10%
Corporate income tax (This is the most common one)
Indirect Tax
Sales Tax (VAT)
GST (7% in BC)
PST (5% in BC)
examples of market failures (even more hidden)
Carbon Tax
Cigarette Tax
Vaping Tax
Marijuana Tax
Plastic bag tax
Empty home tax (if you own a home you have to rent it
Gas tax
Luxury Tax
Alcohol Tax