indirect tax

Noun

Meaning

a tax levied on goods or services rather than on persons or organizations

Synonyms

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Examples

Government has no wealth, and when a politician promises to give you something for nothing, he must first confiscate that wealth from you -- either by direct taxes, or by the cruelly indirect tax of inflation. John Wayne

Adding indirect tax minus subsidies in GDP at factor cost gives the "GDP at producer prices". Source: Internet

A customs duty or due is the indirect tax levied on the import or export of goods in international trade. Source: Internet

A few departments of the Rajasthan government have been deducting tax at source (TDS) from contractors, though this provision has remained suspended since the rollout of the new indirect tax regime in July last year. Source: Internet

Excises main An excise duty is an indirect tax imposed upon goods during the process of their manufacture, production or distribution, and is usually proportionate to their quantity or value. Source: Internet

In Abrams v. Commissioner, the Tax Court said: Since the ratification of the Sixteenth Amendment, it is immaterial with respect to income taxes, whether the tax is a direct or indirect tax. Source: Internet

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