what is meant by public finance explain direct and indirect taxes with examples
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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.
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Public finance is the study of the role of the Government in the economy.
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