citizenship theme B: Direct and Indirect taxes Flashcards
1
Q
what is direct taxation?
A
Direct taxation describes taxes paid by a person or oranisation, which cannot be passed to anyone else or ignored.
2
Q
what is indirect taxes?
A
Indirect taxation describes taxes paid on goods and services.
3
Q
what is income tax?
direct or indirect?
A
A) Tax on your wages when you earn a certain amount.
B) Direct
4
Q
what is inheritance tax?
direct or indirect?
A
A) Tax on money i