Question

the revenue generated in the form of taxes​

Answer 1

Answer:

https://www.business-standard.com/about/what-is-tax-revenue#:~:text=Taxes%20collected%20from%20both%20direct,tax%20on%20land%20revenue%2C%20etc.&text=Income%20tax%2C%20wealth%20tax%2C%20corporation,some%20examples%20of%20dire

Explanation:

Taxes collected from both direct tax and indirect tax are the government’s tax revenue. It includes collections from income tax, corporation tax, customs, wealth tax, tax on land revenue, etc.

 

Direct tax is the tax that is paid directly to the government by the person or company on whom it is levied. Income tax, wealth tax, corporation tax and property tax are some examples of direct tax. Indirect taxes are those that are collected by intermediaries from individuals and corporations who bear the burden of the tax and passed on to the government. Goods and Services Tax (GST) is an example of indirect tax. Corporation tax forms a large chunk of the government’s tax revenue.