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There are two main types of taxes (1) direct tax and (2) indirect tax.
Indirect Taxes:
Indirect taxes are those taxes which are paid in the first instance by one person and then are shifted on to some other persons. The impact is one person but the incidence is on the other.
(iv) Indirect tax is also elastic to a certain extent. State can increase its revenue within limits by increasing rates of taxes. (v) If state wishes to discourage consumption of intoxicants and harmful drugs, it can raise their prices by taxing them. This is a great social advantage which a community can achieve from tax.