Government Intervention

Question 1

fiscal policy

Answer 1

relating to tax revenue and gov. spending

Question 2

gov. revenue direct taxes

Answer 2

income tax - tax on money earned by an individual
social insurance tax - money collected from individuals for their pensions, benefits and healthcare
corporation tax - levied on firms for the profits they make
capital gains - tax on financial gains made selling assets
inheritance tax - tax on the inheritance

Question 3

gov. revenue indirect tax

Answer 3

tax on spending
(sales, duties, custom duties, council tax, business rate, stamp rate)

Question 4

gov. revenue environmental tax

Answer 4

imposed to protect the environment
(landfill, climate change levy, aggregates levy)