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Indirect Tax |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
Indirect Tax A tax that is shifted to another person or entity. For example, sales taxes are levied on a seller but are paid by buyers; that is, the government expects sellers to pay the sales tax, but they pass the cost on to their customers. An indirect tax differs from a direct tax like a tax on income or assets, which the person or organization on whom they are levied must pay directly. There is disagreement as to whether a corporate tax is a direct tax or indirect tax. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Diligent management of both the expenditures for and indirect taxes associated with capital equipment, and for investments in people (the "Cap-X" process), has become a critical factor in successful investment decisions. The Chapter has added indirect taxes as an integral part of the all-day technical sessions. The move to higher indirect taxes makes sense, but by applying this method broadly, Japan has imported yet another foolish Western economic argument--the one that says product taxes, or taxes that target specific products, should be abolished in favor of across the board consumption taxes. |
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