“Direct Taxes, as the name suggests, are taxes that are directly paid to the government by the taxpayer. It is a tax applied on individuals and organizations directly by the government e.g. income tax, corporation tax, wealth tax etc. Indirect Taxes are applied on the manufacture or sale of goods and services
1. Based on the above statement, you are required to write about direct taxes and indirect taxes. Your writing should include:-
· Introduction of direct taxes and indirect taxes
· Impact of taxes on economic development
· Impact of Covid-19 on the tax revenue and tax measures
2. Please support your arguments with relevant and valid sources from academic journal articles.