How does the burden of a direct tax differ from that of an indirect tax?
A
- Direct tax: the burden always shifts from workers to employers.
- Indirect tax: the burden always stays with the producer.
B
- Direct tax: the burden is shared equally by all taxpayers.
- Indirect tax: the burden is paid entirely by the government.
C
- Direct tax: the burden stays with the taxpayer.
- Indirect tax: the burden can shift to consumers through higher prices.
D
- Direct tax: the burden can shift to consumers through higher prices.
- Indirect tax: the burden stays with the taxpayer.
4.5.2 Taxation Flashcards
Flashcards for Edexcel A A Level Economics 4.5.2 Taxation, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 27 cards, matched to the Edexcel A A Level Economics (9EC0) specification.