Question

Give any two examples of taxes levied by union and proceed fully retained by union

Answer 1

The examples of taxes levied by the Union and proceed fully retained by the Union include :

1. Corporate Tax or Corporation tax

2.  Custom Duties or tax imposed on foreign goods and foreign exports.

The above two taxes belong the centre exclusively. The other taxes exclusively belonging to the centre include surcharge on income tax, income tax etc.

Answer 2

A tax is a mandatory financial fee or any other form of levy that a political agency places on a individual to finance different public expenses.

Explanation:

• Examples of Employer imposed taxes that tend to be entirely maintained by the Company include: Business or Business Income.
• Customs tariffs or levy that are levied on imported imports and exports.  
• The latter two taxes are solely a component of the middle. The other taxes that apply solely to the core contain payroll tax, sales duty, etc. surcharges.

Learn more about Taxes:

Which tax is an indirect tax? corporate income tax federal income tax property tax sales tax

https://brainly.in/question/2886977