Tax - Compulsory payment to the government that used to fund public services., Office of the Revenue Commissioners. - The state agency responsible for tax collection, Tax Liability - The amount of tax you are required to pay, Direct Tax - Tax paid on income as it is earned., Indirect Tax - Tax paid on income as it is spent e.g VAT, Regressive - Tax that takes high % from low income earners, Progressive - Tax rate increases as the income increases,

Taxation Recap

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