I. IntroductionA.
Definition of Indirect Tax
B. Purpose of Indirect Tax
II. Features of Indirect
Tax
A. Paid by End Consumer
B. Incorporated in Price of Product or Service
C.
Hidden from Consumer View
D. Generally Regressive
E. Collected by Businesses
III. Advantages of
Indirect Tax
A. Stable Revenue Source for Government
B. Can Encourage or
Discourage Certain Behaviors
C. Easier to Administer than Direct Taxes
IV. Disadvantages of
Indirect Tax
A. Regressive Nature can be Unfair
B. Increases Prices of
Necessities
C. Can Lead to Black Market and Tax Evasion
D. Can be Burden for
Low-Income Consumers
V. Conclusion
A. Recap of
Advantages and Disadvantages
B. Importance of Considering Indirect Tax in
Economic Policies.
