Unit 4.3.4 - Classification of taxesThis section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand the different classifications of tax, including examples of these: (1) progressive, (2) regressive, (3) proportional, (4) direct, and (5) indirect.Progressive taxes are based on ability to pay by imposing a higher rate of tax on higher income earners. This means that those who earn higher...