Question 23
Public FinanceWhich of the following are direct taxes?
- A.Sales taxes
- B.Excise duties
- C.Income and company taxes
- D.Tariff duties
- E.Commodity taxes.
Show the answer and explanation
Answer: C (Income and company taxes)
Explanation
Direct taxes are paid straight to government by the person or firm on whom they fall, like income and company taxes; the others are taxes on goods.