Should Direct Taxes be Abolished?
The government raises revenue from two different types of taxation. One of these sources is the direct tax which is imposed on the wealth or earnings of the citizens. Some examples of direct taxes include the income tax and national insurance. It is not related with the amount that has been spent by the person who is being taxed. On the other hand, indirect taxes are the taxes that are imposed on the transactions taking place between two people. The examples of indirect taxes include value added tax VAT and the custom charges that are imposed on imported goods. There is a debate going on if the direct taxes should be abolished. Various arguments have been given again and in favor of the abortion of direct taxes.