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In this limited revision movie we go over the topic of indirect taxes. the united kingdom government raises around £785 billion a 12 months in taxes – equal to close to 37% of GDP. nearly all of tax revenue arises from three key sources: money tax, nationwide insurance coverage contributions (NICs) and value additional tax (VAT). very hard to s
Indirect taxes, like product sales and VAT, are essential for governments as They may be a steady earnings source. They help fund public expert services and infrastructure with out instantly taxing revenue. A Financial Transaction Tax (FTT) is a levy imposed on distinct fiscal transactions which include stock trades, currency exchanges, or specifi