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Topic: Business
Number of pages / Number of words: 13 / 3546
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The government set an allowance in according to the taxpayer’s circumstances to ease the tax burden.

American economist Richard A Musgrave wrote” it is usually said that a direct tax is one that cannot be shifted by a taxpayer to someone else, whereas an indirect tax can be”

In United Kingdom the Income tax and the National Insurance contributions amounted to 45...


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HM Treasury, Financial Statement and budget report, 2006. Income tax is progressive tax and is responsible for income redistribution.

Indirect Tax

Indirect tax is a tax collected by a person selling good or services (middleman) from a buyer of this goods or services (customer) who bears the burden of the tax collected...


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