Direct and indirect taxes
Direct and indirect taxes
A direct tax is levied on income or wealth and paid directly to the government by the person or firm on whom it falls. Examples include income tax, National Insurance and corporation tax.
Step-by-step lessons on Edexcel A A Level Economics 4.5.2 Taxation. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.