Tabular differences between income tax and subsidy
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The income tax is money paid to the government other than for transaction specific goods and services while subsidy is financial support or assistance such as a grant.
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Subsidy. While a tax drives a wedge that increases the price consumers have to pay and decreases the price producers receive, a subsidy does the opposite. A subsidy is a benefit given by the government to groups or individuals, usually in the form of a cash payment or a tax reduction.
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