This preview shows page 1. Sign up to view the full content.
Unformatted text preview: Its a tax on assets. 3. When we refer to indirect tax we mean a tax which: cannot be passed on. paid on ones annual income. can be recovered from others. 4. One of the main purposes of levying income tax is to: Make the nation rich. Merely pay off all the foreign loans. Achieve the goal of redistribution of wealth. 5. Tax administration in Pakistan is headed by: Judiciary Parliament Executive...
View Full Document
This note was uploaded on 05/17/2011 for the course ECON 201 - ECON 201 - taught by Professor Charlesc.chiemeke during the Spring '09 term at American University of Kuwait.
- Spring '09