Bifalgorithm post

differences between direct tax and indirect tax. Direct tax is imposed on income and wealth of individuals and companies whereas indirect tax is imposed on goods and services. The burden of direct tax cannot be shifted whereas the burden of indirect tax can be shifted. Direct tax is progressive in nature whereas indirect tax is proportional and regressive in nature. Examples of direct tax include income tax, capital gain tax and corporation tax. Example of indirect tax is goods and services tax.

differences between direct tax and indirect tax. Direct tax is imposed on income and wealth of individuals and companies whereas indirect tax is imposed on goo…

Ideas in this flowchart

  • Differences between Direct and Indirect Tax
  • Direct Tax
  • Indirect Tax
  • Imposed on income and wealth
  • Imposed on goods and services
  • Burden cannot be shifted
  • Burden can be shifted
  • Progressive in nature
  • Proportional and regressive in nature
  • Examples: Income tax, Capital gain tax, Corporation tax
  • Example: Goods and Services Tax
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differences between direct tax and indirect tax. Direct tax is imposed on income and wealth of individuals and companies whereas indirect tax is imposed on goods and services. The burden of direct tax cannot be shifted whereas the burden of indirect tax can be shifted. Direct tax is progressive in nature whereas indirect tax is proportional and regressive in nature. Examples of direct tax include income tax, capital gain tax and corporation tax. Example of indirect tax is goods and services tax.

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Charlotte Marshall
10w

"differences between direct tax and indirect tax."

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