Definition of Tax: Tax, to meet the public services are money collected by the people of the law and institutions. Taxes, government and other public institutions, they are extorting money from people in order to meet the financing of public services.
Classification of taxes: Taxes are subject to the taxpayers to individual cases, are classified according to the shape and reflection state tariffs. The most widely used form of classification is as follows:
1. Direct and Indirect Taxes: Taxpayers paying their taxes if the tax burden to others and can not be transferred to such taxes are called direct taxes. Property Tax and Income Tax are the most beautiful examples of such taxes. Charged for the case, if a tax is a direct tax is levied on behalf of specific periods for taxpayers and being charged. For example, Corporation Tax. If a taxpayer's tax turned over to others, transferred to the tax payer does not pay the tax itself is referred to as indirect taxes. For example, the Value Added Tax. Taxes levied regardless of the non-specific time and taxpayer accrue and are paid if the work is indirect.
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Reflection of the tax measure in case the distinction between direct and indirect taxes and collect. The structure of the market, supply and demand of goods and services, the tax affects the reflection of the economic conditions. Previously reflected a tax can be reflected by the change of the economic situation then. The shape of the tax assessment and collection of taxes and tax receipt time determines the state of being a regular and continuous.
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