four difference between direct taxes and indirect taxes
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Explanation:
Taxes can be either direct or indirect. A direct tax is one that the taxpayer pays directly to the government. These taxes cannot be shifted to any other person or group. An indirect tax is one that can be passed on-or shifted-to another person or group by the person or business that owes it.
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The 4 Differences Are:-
Direct taxes are non transferable while indirect taxes can be transferred from one person to another
The whole burden is one person in Direct taxes but the it can be transferred in indirect taxes
Direct tax is paid by companies or individuals but indirect tax is levied on goods and services
Direct tax reduces inflation whereas indirect tax enhances inflation.
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