tax burden

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tax burden

the total amount of TAXATION paid by the citizens of a country in the form of INCOME TAX, CORPORATION TAX, VALUE-ADDED TAX, etc.

tax burden

the total amount of TAXATION paid by the citizens of a country in the form of income tax, corporation tax, value-added tax, etc. The total amount of tax as a proportion of GROSS NATIONAL PRODUCT gives some indication of the overall tax burden. See also INCIDENCE OF TAXATION.
References in periodicals archive ?
Therefore, we have analysed tax incidence for the rural and urban areas separately.
Tenders are invited for the city seeks responses from firms demonstrating successful experience in a wide variety of economic consulting studies ranging from real estate feasibility analyses, fiscal impact analyses, tax incidence studies, economic impacts of environmental policies, among others.
Analysts are also of the opinion that any effort to increase tax incidence or impose new tax must be discouraged.
Finally, Jeetun's findings pertain to the rural and urban sectors while it is felt that in the context of the wider problem of the transfer of resources between sectors in the process of overall economic development a more relevant classification of tax incidence would be by the agriculture and non-agriculture sectors.
(v) Reduction of service tax incidence on coastal shipping.
Service Tax incidence on coastal transportation has been brought at par with road and rail in the Union Budget 2015-2016.
The BIR issued RMC 70-2015 reiterating the tax incidence on persons engaged in land transport using this mechanism.
On Monday, India's Sensex fell 2 per cent to close at 38,702 points as investors were disappointed by some budget proposals such as higher tax incidence for portfolio investors and high net worth individuals.
Aftab Ahmad Ch stated that although the recent budgetary proposals relating to real estate purchases and disposals seem to bring the sector under greater financial scrutiny and tax incidence, however, the sector has been grossly-under-documented.
It is, however, another matter that the worst victims of adjustments in sales tax and income tax would be the salaried and non-salaried individuals faced with double jeopardy of declining incomes, rising inflation and higher tax incidence.
FBR Chairman Shabbar Zaidi on the occasion said that they were now finding sectors and people who have a very low tax incidence, as well as those where tax incidence is high.
In response to notices issued so far, I54 returns have been received with tax incidence of Rs21.1 million, he added.