Taxation is a medium of imposing charges on the citizens by which the government of any country finances their expenditure. Governments use taxation to involve or devolve citizens into specific economic decisions. For example, reduction in taxable personal income by the amount paid as interest on home mortgage loans results in greater construction activity and generates more jobs. It is a system that is inculcated by every developed nation of the modern world with the intention of proposing sustainable development. Every individual comes at a point where he or she has to pay the taxes. It is obligatory for every individual of the specific age and it is punishable or breach of law in case he or she fails to fulfil the same.
The demand for smart taxpayers has been increasing at such a rapid rate because of the increasing number of people coming under the tax bracket. This has had a causal effect on the number of students opting for this subject. The assignments in this particular subject weigh a lot and every student must perform well to achieve the excellent grade. But there are many other problems that hinder the students from writing the assignment. Therefore, we at EssayCorp provide taxation assignment help at a very nominal rate; the rate is fixed keeping the students in mind.
Classification of Taxes in Our Taxation Assignment Help Service
A brief explanation of the two major classifications of taxation practised around the world.
As the name suggests, direct taxes are tax levied on the citizens directly by the government. These are taxes that an individual has to pay from his earnings, i.e. in the form of salary or compensation of some sort. Governments all around the world collect this tax and it is one of the largest source of revenue for the government of any country. This tax helps the government fund many of its developmental activities. The rate of tax under this varies from country to country. In our taxation assignment help and other services, our writers explain the various methods for the calculation of direct tax.
The meaning of indirect tax is quite revealing from the name itself. It is the tax levied by a government on its citizens indirectly in the form of goods and service tax and many other such taxes. The sales tax is charged in different countries by different names. Some of the other famous indirect taxes include service tax and excise duty. Unlike direct tax, the burden of paying an indirect tax can be passed on to someone else. For more information on the calculations and other details about indirect tax, take the assistance of EssayCorp with taxation assignment help, homework help or any other writing services.
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