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Answers
Answer:
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.
Answer:
Direct and Indirect Taxes
The most fundamental classification of taxes is based on who collects the taxes from the tax payer.
Direct Taxes, as the name suggests, are taxes that are directly paid to the government by the taxpayer. It is a tax applied on individuals and organizations directly by the government e.g. income tax, corporation tax, wealth tax etc.
Indirect Taxes are applied on the manufacture or sale of goods and services. These are initially paid to the government by an intermediary, who then adds the amount of the tax paid to the value of the goods / services and passes on the total amount to the end user.
Examples of these are sales tax, service tax, excise duty etc.
