Question
Which one of the following is a direct tax?
Company tax
Customs duties
Excise duties on tobacco and alcohol
Fuel levy
Value-added tax
Company tax
Customs duties
Excise duties on tobacco and alcohol
Fuel levy
Value-added tax
Answers
GPT-4o mini
A direct tax is a type of tax that is imposed directly on an individual or organization's income or wealth. Among the options you provided, **company tax** is a direct tax, as it is levied directly on the profits earned by corporations.
The other options—customs duties, excise duties, fuel levy, and value-added tax—are considered indirect taxes, as they are typically passed on to consumers in the form of higher prices for goods and services.
The other options—customs duties, excise duties, fuel levy, and value-added tax—are considered indirect taxes, as they are typically passed on to consumers in the form of higher prices for goods and services.