tax burden

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 ?
DSAP president Olivia Limpe-Aw said association members were concerned that current proposals imposed too much tax burden on distilled spirits and a lighter levy on wine products.
AWP: The Awami Workers Party has rejected the budget as anti-masses as the government has shifted the tax burden on to the poor masses to qualify for loans from world lending agencies.
A new study from HireAHelper.com suggests that calculating the 'true tax burden' may be the key to identifying potential financial success in a new state.
Tax Freedom Day takes place on June 2 this year."Slovakia ranks 11th in total rankings, which means that it belongs among countries with a lower total tax burden," said #317ubica Dumitrescu of Deloitte, as quoted by the TASR newswire.
MILLENNIALS are increasingly picking up the income tax burden from baby boomers, with recent policy changes accelerating the generational shift, figures suggest.
A windfall tax is being proposed for Russian natural resources companies whose earnings have benefited from the rouble depreciation since 2014 while their tax burden is perceived to be lower than for oil and gas companies.
She noted that the changes are aimed, among other things, at reducing the tax burden, simplifying tax administration, and suppressing tax evasion.
South Korea's tax burden ratio is expected to surpass 20 per cent of its gross domestic product mark for the first time this year, as the government pushes forward expansionist fiscal policies, officials said Sunday.
"In order to support working Kazakhstanis with relatively low salaries, it is proposed to decrease tax burden on them by 10 times starting from 1 January 2019, which means tax burden on them will be only 1%.
Determining the tax burden in line with the reality formed by the economic system is one of the most difficult problems.
It is unsustainable for Australia to continue to impose such a high tax burden on new investment on our manufacturing, services and mining industries.
In this study, we estimate the portion of income captured by consumption and excise taxes for different income groups, considering the proportion of the tax burden associated with excise taxes.