Chapter 16 Flashcards
(6 cards)
1
Q
Tax
A
A charge made by the government on household and business on goods and services
2
Q
Reasons for tax?
A
Financial
Pay for public services
Helps encourage people to buy Irish
Social
Improve people’s health
Protect the environment
Ethical
Redistribute income
3
Q
Direct tax
A
Taxes on the income earned by a household or a business and paid directly towards the gov eg corporation and income tax
4
Q
Indirect tax
A
Taxes levied on what people spend rather what they earn eg VAT import duty
5
Q
Taxes paid by households
A
PAYE PRSI USC
VAT
Motor
DIRT
CGT
6
Q
PPSN
A
Personal public service number
