Economics
Government Revenue: Money which the Government earns from levying taxes on individuals and firms
Tax: A fee charged by a government on a product, income or activity
Direct Tax: A tax paid directly by the person or organization on whom it is levied. A direct tax is charged on individuals' or firms' income. EG income tax or corportion tax
Indirect Tax: A tax on spending on goods and services
EG Vat-20% and exise duty
- Created by: Diellza Rexhepi
- Created on: 08-12-12 21:46
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