1. Copy and fill in the blanks. a. Taxes are collected by the Office of the ___________ ___________ in Ireland.
b. The taxes placed on expenditure are ___________ taxes. c. The taxes placed on income are ___________ taxes. d. Progressive tax means that the tax rate ___________ as income increases. e. Regressive tax means that that tax rate ___________ as income decreases. f. Self-employed people pay income tax through ___________.
g. When an individual or organisation deliberately underpays or does not pay the tax they owe, it is called tax ___________.
2. Copy and complete the following table by ticking the correct type of tax. Tax
Direct
Income tax Value Added Tax (VAT) Customs duty Universal Social Charge (USC) Deposit Interest Retention Tax (DIRT) Corporation tax
3. Name and explain two taxes paid by individuals and two taxes paid by businesses in Ireland. 4. Explain the difference between progressive and regressive taxes. 5. The tourism sector in Ireland has a VAT rate of 9%. Outline the benefits of this reduced tax rate.
6. Explain why you agree or disagree with the following statement: ‘There is no such thing as a good tax.’
7. Keith Manning set up his business Sportzone Ltd in 2014. He manufactures sports equipment for the global market. Most of his raw materials are imported from Asia. He owns a fleet of five delivery vans and employs 80 staff.
Identify the taxes Keith pays and explain why he pays them. Indirect
