Tax (Week 3) Flashcards
1
Q
What is indirect tax
A
Tax on spending or expenditures eg vat or duty
2
Q
What is direct tax
A
Tax on income (government take % of what you earn)
Economics > Tax (Week 3) > Flashcards
What is indirect tax
Tax on spending or expenditures eg vat or duty
What is direct tax
Tax on income (government take % of what you earn)