Describe the different approaches and analysis on global
taxation
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Accounting
Describe the different approaches and analysis on globaltaxation
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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
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