A Study On Tax Collection In India And United States
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Abstract
Tax is the major source of revenue to the government which plays a dominant role in the development of the country. Developing countries require higher revenues for the efficient functioning of national and sub-nationals. It is levied on income, services, commodities through direct and indirect taxes. In India, around 50% of the government revenue is collected through tax whereas around 25% of the revenue is collected through tax in the United States. This study is based on secondary data which examined the direct and indirect tax collection in India and the United States for the past 10 years.
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References
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