Purchase Tax


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Purchase Tax

A proposed tax on a purchase, rather than on a sale. That is, the purchaser of a good, rather than the seller, is obligated to pay the tax. In practice, there is little difference between a purchase tax and a sales tax because sellers usually pass on the tax to purchasers in the form of a higher price. A purchase tax has been suggested as an alternative to the income tax in the United States.
References in periodicals archive ?
Worried over farmer backlash due to sugar mills not buying their crop, the Akhilesh Yadav government waived entry tax and purchase tax to soften the high procurement price but factory owners were not satisfied.
Republic Bancorp has announced that it is pulling out of a deal to purchase tax preparing firm, H&R Block's banking arm.
M2 EQUITYBITES-May 21, 2013-Encore Capital Group borrows to purchase tax lien certificates(C)2013 M2 COMMUNICATIONS http://www.
BANKING AND CREDIT NEWS-May 21, 2013-Encore Capital Group borrows to purchase tax lien certificates(C)2013 M2 COMMUNICATIONS http://www.
A report on car taxation by the think-tank Centre Forum, backed by Energy and Climate Change Minister Ed Davey, looks at replacing vehicle excise duty with a one-off purchase tax based on carbon dioxide emissions.
These are strategies for getting tax liens at the maximum interest rate - without having the rate bid down at the tax sale, and ways to purchase tax deeds without having to attend the tax sale.
In those days, cars were subject to purchase tax (similar to VAT) but commercial vehicles were not.
To prevent a housing bubble from forming, the government is planning to increase the purchase tax on investment apartments, classified as the acquisition of a second or third apartment.
com/products/) latest report shows that in the year 2011, it is influenced by canceling the purchase tax and the policy of auto replacement.
KBW said it expects that strong housing affordability, and a modest economic recovery will be offset by a still-high level of foreclosures and the expiration of the $8,000 home purchase tax credit at the end of April 2010.
In return, the government says annual road taxes and purchase tax for new cars will be abolished - reducing the cost of a new car by 25 per cent, the Dutch transport ministry said.