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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.
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4.5.2 Taxation Flashcards
27 flashcards on Edexcel A A Level Economics 4.5.2 Taxation: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.