Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. describe the different approaches and analysis on

Describe the different approaches and analysis on global taxation

90.2K

Verified Solution

Question

Accounting

Describe the different approaches and analysis on globaltaxation

Answer & Explanation Solved by verified expert
3.6 Ratings (569 Votes)
Taxation is a major source of revenue for Governments The government of every country whether directly or indirectly is taxing the Goods and services and the income of individuals There are two approached to taxation 1 Direct Tax 2 Indirect Tax Well discuss Direct Tax first Direct Tax is a way of taxing the Individual persons Persons can be Individuals Corporations Partnership Firms etc The income earned by these is directly taxed based the amount earned by them in a year However there are certain distinctions For an Individual earning salary no expense of any nature is allowed    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Calculus
1.2K views

8 Given f x 6 11 find all c in the interval 2 5 such...

Basic Math
1.2K views

Find the local maximum and minimum values and saddle point(s) of the function. f(x,y)=5-10x+12y-5x^2-4y^3

Physics
1.2K views

Make an argument for what mix of energy you see the world powered by in 2050....

Biology
1.2K views

The porifera are in the animal kingdom and they have a for a stomach A...

Geometry
1.2K views

Consider circle Y with radius 3 m and central angle XYZ measuring 70 Y 3...

Basic Math
1.2K views

The demand for a new computer game can be modeled by p x 55 6...

Basic Math
1.2K views

Heather has been given a list of 5 bands and asked to place a vote....

Accounting
1.2K views

Suppose a 15-year maturity, annual coupon payable bond. Current interest rate is 11%. Next year,...

Accounting
1.2K views

Harris Company manufactures and sells a single product. A partially completed schedule of the companys...

Accounting
1.2K views

QS 22-29A (Algo) Merchandising: Merchandise purchases budget LO P4 Lexi Company budgets unit sales of...

Accounting
1.2K views

Under the ATO, if sam replaces rotten timber weather boards is it deductible under: I)...

Finance
1.2K views

Manuel bought a $100,000 bond with a 5.1% coupon for $92,410 when it had six...