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In any country, the study of taxation law is essential. Students should learn the taxation system and all the rules, regulations and agencies that are associated with it. This knowledge is important not only to understand our legal system but also the macroeconomics of a country.

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In a civilized society, taxation is also regulated. In most countries, taxes are divided into two categories: direct and indirect. Direct tax is the amount paid directly to the government by the taxpayers. Direct taxes are best exemplified by income tax.

Indirect tax is the amount that a taxpayer will pay to the government via an intermediary. We pay a certain amount to a vendor of goods or services, and that money is then paid to the government. When you go to a restaurant you not only pay the price of your food but also any taxes that are associated with it.

We also have different tax laws, such as corporate tax laws. Tax laws include income tax, production tax, sale tax laws and more. Students learn all about these taxation regulations and rules when they study the tax laws for a country.

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Author Bio:-

This article pen downs by Mr. John Hangkock. He is associated with an Excellent assignment help professional content writer and an online tutor. He offers online services on the topic of Taxation Law Assignment Help.