Direct or indirect tax?
Exercise and reference answers
- Left
- Direct
- Items
- Item
- Income tax
- Answer
- Direct
- Item
- Corporation tax
- Answer
- Direct
- Item
- Paid by the earner
- Answer
- Direct
- Item
- Excise duty
- Answer
- Indirect
- Item
- Customs duty
- Answer
- Indirect
- Item
- Service tax
- Answer
- Indirect
- Right
- Indirect
- Instructions
- Swipe left for a direct tax, right for an indirect tax.
Explanation
_Source: syllabus Introductory Macroeconomics, Ch 5 'Government Budget and the Economy'_
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