Which combination of tax changes is most likely to be regressive in a developed economy?
1 )
increasing the rate of wealth tax and raising the rate of sales tax (VAT) on luxury products
2 )
introducing a tax on owning property based on its sales value and increasing the rate of income tax
3 )
reducing the basic rate of income tax and increasing the duty on fuel
removing the tax-free allowance for income tax and extending sales tax (VAT) to include all food
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