Explicit tax

Explicit tax

A tax specifically collected by a government; includes income, withholding, property, sales, and value-added taxes and tariffs.

Explicit Tax

A tax levied and collected by a government. Examples include income tax, value added tax, sales tax, estate tax, and so forth. This compares to hidden regulatory fees, which add to the cost of doing business without necessarily adding to government revenue. For example, some argue for a carbon tax that would, theoretically, increase government revenue by taxing the emission of carbon dioxide. This compares to a proposed cap-and-trade system, which requires carbon emitters to buy permission to emit without changing how they are actually taxed.
References in periodicals archive ?
Esteban Rossi-Hansberg said that informality exists because there is an explicit tax involved in formalizing an operation tax contributions and addition al labor costs--and an implicit one, so long as the informal companies are not punished for not complying with tax and business obligations.
Where the federal tax law provides explicit tax elections (e.
However, these four technical issues--difficulty with costing these deviations, the risk of perceived criticism, the unclear boundaries of the benchmark, and the difficulty in identifying possible objectives for the implicit expenditures--may also apply to explicit tax expenditures.
That is in addition to explicit tax hikes on income, capital gains, and dividends, the implicit ones on energy via cap-and-trade, and so forth.
The cost to taxpayers of an explicit tax extends far beyond the dollars remitted to the taxing authority.
The identification of the disguised head tax is persuasive, and it is almost certainly true that lawmakers designing an explicit tax to finance health care for the uninsured would not have chosen a head tax.
4) Some readers might prefer to classify tax avoidance as an implicit tax rather than as a nonpecuniary explicit tax.
It happens that the R&D account gets explicit tax treatment, so it's easier there to sketch the adverse consequence of neglect of asset stewardship.
A property settlement without explicit tax language, however, may not suffice to create a nonalimony designation.
j] is the MTR from the explicit tax on labor income.
2002) define an investment's explicit tax rate as the difference between its expected pre-tax and after-tax returns, divided by the expected pre-tax return to a "benchmark" investment that is not tax-favored.
Criminal records provide a counter-chronicle for Cohn, but their mixed reports of robbery, murder, and collective mayhem muddle the inrentionality of these events as explicit tax revolts.