What are Direct Taxes?
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Answer:
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Though the actual definitions vary between jurisdictions, in general, a direct tax is a tax imposed upon a person or property as distinct from a tax imposed upon a transaction, which is described as an indirect tax. The term may be used in economic and political analyses, but does not itself have any legal implications. However, in the United States, the term has special constitutional significance because of a provision in the U.S. Constitution that any direct taxes imposed by the national government be apportioned among the states on the basis of population. In the European Union direct taxation remains the sole responsibility of member states.
Explanation:
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Answer:
Direct taxes, as the name suggests, are takes that are directly paid to the government by the taxpayers. It is tax applied on individual and organizations directly by the government.
Ex- Income tax, corporation tax, wealth tax etc.