Phrases with «indirect taxation»

"Indirect taxation" refers to a type of tax that is imposed on goods and services rather than on individuals or businesses directly. It is collected by the government from manufacturers, suppliers, or sellers and passed on to the consumers in the form of higher prices. Examples of indirect taxes include sales tax, value-added tax (VAT), and excise taxes on specific goods such as alcohol or tobacco. Full definition

indirect taxation

Sentences with «indirect taxation»

The country relies on indirect taxation for its income but has never levied income, capital gains or wealth tax on its residents. (travel.padi.com)
It was denied both by Margaret Thatcher, the leader of the Opposition, and byGeoffrey Howe, the shadow Chancellor, in a campaign in which the impact on prices of the Conservative's declared plans to switch from direct to indirect taxation played a significant part. (independent.co.uk)
Even the non-working people will have contributed through indirect taxation. (gothamgazette.com)
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Phrases with «indirect taxation»

Sentences with «indirect taxation»

See also