Sentences with phrase «tax incidence»
Tax incidence refers to the distribution of the burden of a tax among individuals or economic entities. It determines who ultimately bears the burden of a tax, whether it is a consumer or a producer. The phrase is used to understand how taxes impact different groups in terms of the costs they have to bear. Full definition
Tata Motors - owned Jaguar Land Rover on Saturday reduced prices of its entire vehicle range in India on an average by 7 per cent to pass on the benefit of reduced tax incidence under GST.
rediff.com
Timely tax planning can reduce income tax incidence on an individual.
Expectation: With the earlier stated intention of reducing corporate tax as well, the tax net should be widened while simultaneously reducing actual tax incidence
Large cars are expected to become cheaper due to lower tax incidence under GST as compared to the current system.
Under the new GST, large luxury cars and SUVs with engine capacity of over 1,500 cc are slated to attract a 15 per cent cess over and above peak rate of 28 per cent, thereby bringing down the overall tax incidence compared to around 50 per cent under the previous taxation system.
The report painstakingly captures wide geographic variations in the carbon contents of fuels used to generate electricity, among other variables, giving it a finer grain than many previous analyses of carbon tax incidence.
Tax incidence may deviate from statutory tax liability because the imposition of a tax may change pre-tax prices.
He also cites regulatory relief, tax incidence, economic growth as a result of increased R&D; in gas substitutes, and national security as additional reasons to adopt the plan.
This public hearing which was held in National Assembly to throw light on matters related to cryptocurrency accepted the insights of seven panellists including general public, academia and government on tax incidence, pros and cons of cryptocurrency and consumer protection.