indirect tax
Frequency: 8.019.0 per million words
a tax levied on goods and services rather than on income or profits
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Examples (20)
- Governments often rely on indirect taxes to fund public services.
- The government may put an indirect tax on books.
- Value Added Tax (VAT) is a common form of indirect tax in many countries.
- Value Added Tax (VAT) is a common form of indirect tax in many countries.
- Consumers ultimately bear the burden of an indirect tax.
- Critics argue that an indirect tax often disproportionately affects lower-income households.
- The new policy introduces a higher indirect tax on luxury goods.
- Implementing a new indirect tax on luxury goods could boost state revenue.
- Economists debate the fairness and efficiency of indirect taxes.
- Unlike income tax, an indirect tax is levied on consumption, not earnings.
- Unlike income tax, an indirect tax is not directly paid by the taxpayer to the government.
- Economists debated the effectiveness of using an indirect tax to curb unhealthy consumption.
- An increase in indirect taxes can lead to inflation.
- Many businesses prefer indirect taxes over direct ones as they are easier to pass on to customers.
- The government announced a reduction in certain indirect taxes to stimulate the economy.
- The proposal includes a higher indirect tax on carbon emissions.
- Sales tax is another example of an indirect tax that affects daily purchases.
- Consumers often pay an indirect tax without realizing it, as it's included in the product price.
- Understanding the impact of indirect taxes is crucial for economic planning.
- Historically, excise duties were among the earliest forms of indirect taxes.