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QUESTION

“Direct Taxes, as the name suggests, are taxes that are directly paid to the government by the taxpayer. It is a tax applied on individuals and organizations directly by the government e.g. income tax

“Direct Taxes, as the name suggests, are taxes that are directly paid to the government by the taxpayer. It is a tax applied on individuals and organizations directly by the government e.g. income tax, corporation tax, wealth tax etc. Indirect Taxes are applied on the manufacture or sale of goods and services

1. Based on the above statement, you are required to write about direct taxes and indirect taxes. Your writing should include:-

· Impact of Covid-19 on the tax revenue and tax measures ( at least 4 impacts with 4 paragraph of explanation which mean one impact one paragraph)

2. Please support your arguments with relevant and valid sources from academic journal articles. ( at least 6 references)

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****************** ** ******** On *** *** ******* and *** *************** NameUniversityCourseProfessor ****************************** ** ******** On *** *** ******* *** *** ******************** The *********** *** caused ****** impacts ** *** ****** economy *********** ********* *** ****** to ********* various fiscal ******** to **** **** *** ******* **** this virus *** caused *** business economy ** *** *** *** revenue ****** *** ***** ** *** caused a ****** decline ** *** ******* ** most ********* ****** et al ***** **** *** ** ******** linked to *** ******** ******** ********** around the ***** **** **** ******** *** ******** *** policies ********* *** ******** ********** ******* ********* *** ******** flow ** *** ******* ********* *** ************ of ******** **** ************* ******** *** *** revenue *** *** measuresTax ********** ***** 19 ********* have led to ******* tax ******* in **** of the ********** ********* **** ******** ********* **** ******* fiscal ***** **** *** *********** *** effects ** the ******** The ******** led ** *** ******** ** ******* *** reforms ** raise revenues *** ***** ********* *** pandemic ****** countries ** ********* ******* particularly in ********* income ***** ******* *** ******** ******** ********* ** al 2020) ******* **** as 100% tax ****** *** ********** earners ******** *** PAYE ***** and decreasing *** *** are ***** the *** ********* ** **** *** ******* of ***** 19 ** *** ***************** Revenue ForecastThe ***** 19 ******** *** ************ ******** *** ********** ******* ******** sector *********** government *** ******* during *** ******** ******** ** a *********** **** *** ****** *** ** longer use *** *********** ********** ** forecast *** revenues ***** *** *********** approaches ** ******** government ******** **** **** ** *************** *** ******* ******** *********** et ** ***** **** is because *** traditional ********** *** *** simple *** ******** ** ***** ************ ***** ****** ******* the current ******** *** ** *** ******* ** *** Covid ** ** ****** ******** ******* ** ********** ******** ******** *** ******* ******** ** broken down by ******* and tax **** Therefore ** ** essential to ******** *** significant ***** separately ** *** ****** ** ***** 19 differ ****** *** tax basesFiling and ******* PostponementThe ***** ** ******** prompted the filing *** ******* ************* In response to *** pandemic *** ** **** *** ******* of *** ********* *********** for *** ***** **** ******** *** ********* *** repayment ******* (Heald ***** ****** ***** **** ******* *** ******* ****** of * country *** hence ********* *** ********** of the ****** ** ** through tax ******* that *********** *** *** ******** ** ****** ******* for the **** ********* **** When *** ****** ****** ** ********* *** to the ******** budgeting **** ***** ******** *** ****** year **** ******** can *** ****** ***** *** ******* for *** ****** ********* year *** to *** *********** ******** ************** ***** **** Huge ************ ******** *** *** ** *** increased borrowing by **** governments of developing countries To **** their ******** situations third-world ********* ******** ** ********* **** *** ********* countries *** ***** ** ******* poverty and shortages ** various things including ventilators ** ********* ***** *** hand sanitizer ******* ***** ********* 2020) Due ** tax revenue deficits *********** **** ***** *** ******* ***** ******** resorted to ********* leading ** *** ******** burden ** ***** ** **** **** ********* *** *********** **** **** ** *** **** interest rates **** ***** **** *** ********** may **** ** ******** taxes in *** ****** ** ****** *** **** ****************** ** conclusion *** ***** 19 ********* **** ************* ******** the *** *** ******* sectors **** governments are ********* to ******* ***** *** ******* ****** ******* The developing countries **** resorted ** borrowing ** ******* their ********* *** ******* the ******** Most *********** have ***** ** effect *** *** revenue ******** **** help reduce *** tax ********* from their ******** ****** **** *********** economic ************************************************* * ********* * A ******* * ***** Wagner * ****** *** ****** of ******** ** *** ******** evidence **** ** ***** ******* of localized **************** of ****** ************** * ***** ********* * ****** *** ****** ** *** COVID-19 ****** ** ************ *********** ** ****** Economic Analysis53(1) ************ J J & Forman * * (2020) *** economic ****** of *** COVID-19 ******** ** radiology ************************ ***************** * P Güçeri ** ******* * ***** *** * * (2020) ************* ****** responses ** *** ******** ************** ****** ** ******** ********************** ************** D ***** ****** R ****** *** ********** budgeting *** ****** impact ** COVID-19 ** *** ****** ******* ******* ** Public ********* Accounting ***** ********* ******************** * ********** * ******* * * * & ********* * G ****** *********** Study ** Tax ****** ******* ** ******** ** ***** ********************** Journal ** TEST Engineering ***** *************** ***********

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