To raise funds, local governments can levy
- import duties
- income taxes
- Excise duties
-
rates
- profits tax
The correct answer is: 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.