Fiscal Policy

The Tax Burden measures
1. The percentage of tax revenue to GDP
2. The total tax paid per employee as a percentage of salary
3. The percentage of tax on goods and services
A country borrows money by
1. Borrowing from financial institutions
2. Issuing 10-year bonds
3. Getting a loan from the IMF
An example of a Regressive Tax is
1. VAT
2. Income Tax
3. Corporation Tax
An example of a direct tax is
1. VAT
2. Fuel duty
3. Corporation tax
An example of an indirect tax is
1. Wealth tax
2. Inheritance tax
3. Tobacco duty
An example of a progressive tax is
1. Income tax
2. Alcohol duty
3. VAT
French tax revenue including social contributions represents about what percentage of GDP?
1. 37%
2. 27%
3. 47%
The top income tax rate in France is about
1. 45%
2. 55%
3. 35%
The difference between tax avoidance and tax evasion is
1. They are both illegal
2. Tax evasion is illegal and tax avoidance is legal
3. Tax evasion is legal and tax avoidance is illegal
Corporate tax avoidance in France costs about
1. 40b $
2. 30b $
3. 20b $
Tax evasion in France costs about
1. 118b €
2. 72b €
3. 246b €
In France
1. there is no wealth tax
2. the wealth tax starts at 800,000€
3. the wealth tax starts at 1.8m€
Wealth tax does not include
1. Works of art
2. Your main house
3. Yachts
France has
1. no inheritance tax
2. an inheritance tax
3. no inheritance and no wealth tax
The FTT means
1. Foreign Transactions Tax
2. Financial Transfer Tax
3. Federal Trimestrial Tax
Value Added Tax in France represents
1. over half of total tax revenue
2. 32% of total tax revenue
3. 25% of total tax revenue
In France, the Exit Tax
1. was put into place by Macron
2. was removed by Bayrou
3. was removed by Macron and put back by Bayrou
In Europe, tobacco duty is highest in
1. the UK and Ireland
2. France
3. Australia
About how many people die from smoking in France?
1. 55,000
2. 23,000
3. 8,500
The wine duty per bottle of wine in France is
1. 0.3€
2. 0.03€
3. 3.3€
The main cause of CO² emmissions is
1. road transport
2. aviation
3. navigation
The gas tax in France represents about what percentage of the final price?
1. 45%
2. 75%
3. 30%
The electricity tax in France represents about what percentage of the final price?
1. 30%
2. 50%
3. 0%
An example of Tax Drift is
1. A French person buying their cigarettes in Spain
2. The illegal importation of cigarettes into France
3. A Spanish person buying their cigarettes in France
The Bond Spread is
1. the gap between the 10Y bond interest rate of a country compared to Germany
2. the gap between the 10Y bond interest rate of France compared to Italy
3. the % difference of debt to sovereign repayments