Direct tax is a tax levied on income or wealth and the tax burden cannot be shifted to others. For example salaries tax.
Indirect tax is a tax levied on goods and services and the tax burden can be shifted to others. For example rates.
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6 years ago
2 comments:
With indirect tax, what determines how much the consumer and how much the producer pays? What is the diagram for indirect tax? What does the Laffer curve show? What are the arguments for and against a flat rate trax?
Please put links to everyone else's blogs on your blog - form a network. This is all about discussion and commenting on people's blogs - it all improves a) knowledge and b) English!
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