To raise funds, local governments can levy
-
A.
import duties -
B.
income taxes -
C.
Excise duties -
D.
rates -
E.
profits tax
Correct Answer: Option D
Explanation
Rates refer to local taxation, i.e., taxation levied by (or for) local government rather than central government.
They are usually proportional to the estimated rentable value of a business and domestic properties. It is one of the ways in which local government raise their capital.