Indirect Tax

Indirect Tax

About Indirect Tax:

A tax that can be shifted to others, such as sales taxes, VAT (in Europe and other regions) and business property taxes. See Indirect Tax in the U.S. Reference and Indirect Tax in the International reference.

U.S. and other Developed Countries International Tax Meaning

Tax imposed on certain transactions, goods or events. Examples include VAT, sales tax, excise duties, stamp duty, services tax, registration duty and transaction tax.

See Indirect Tax in the U.S. Reference and Indirect Tax in the International reference.

See Property Tax in the American Legal Encyclopedia and Property Tax in the World Legal Encyclopedia.

See Sales tax in the U.S. Encyclopedia and Sales tax in the International Encyclopedia

Description and Definition of Indirect Tax

A type of tax that can be shifted to others. A company might have to pay a specific tax to the government. The company pays the tax but increases the cost of their products so consumers are actually paying the tax indirectly by paying more for the company's products.

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