Jeffrey
13th April 2013, 03:07
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Direct Tax
The term direct tax generally means a tax paid directly to the government by the persons on whom it is imposed [...] A direct tax is one imposed upon an individual person (juristic or natural) or on property, as distinct from a tax imposed upon a transaction. Indirect taxes such as a sales tax or a value added tax (VAT) are imposed only if and when a taxable transaction occurs; people have the freedom to engage in or refrain from such transactions; whereas a direct tax is imposed upon a person, typically in an unconditional manner, such as a poll-tax or head-tax, which is imposed on the basis of the person's very life or existence, or a property tax which is imposed upon the owner by virtue of ownership, rather than commercial use.
Source: http://en.wikipedia.org/wiki/Direct_tax
gKToYTOE128
Direct Tax
The term direct tax generally means a tax paid directly to the government by the persons on whom it is imposed [...] A direct tax is one imposed upon an individual person (juristic or natural) or on property, as distinct from a tax imposed upon a transaction. Indirect taxes such as a sales tax or a value added tax (VAT) are imposed only if and when a taxable transaction occurs; people have the freedom to engage in or refrain from such transactions; whereas a direct tax is imposed upon a person, typically in an unconditional manner, such as a poll-tax or head-tax, which is imposed on the basis of the person's very life or existence, or a property tax which is imposed upon the owner by virtue of ownership, rather than commercial use.
Source: http://en.wikipedia.org/wiki/Direct_tax
gKToYTOE128