Indirect Taxes


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Indirect Taxes

 

taxes included in the sales price of consumer commodities and paid indirectly by the consumer in the purchase of goods. Indirect taxes existed in ancient Greece and ancient Rome. They have become widespread under capitalism, serving as one of the basic revenue sources of bourgeois states. The main burden of indirect taxes falls on the working masses. In socialist countries, indirect taxes in the form of excise duties were temporarily used by the proletarian state during the transition period from capitalism to socialism.

References in periodicals archive ?
I think, corruption is main hurdle in boosting tax revenue for both direct taxes and indirect taxes.
Figure 1 shows the burden of indirect taxes as a percentage of national income for a number of developed countries.
VAT and other indirect taxes are a fundamental challenge for businesses and KPMG is ready to offer tailored insights to support companies through these changes and beyond," Mr Norre said.
2 per cent, so we expect indirect taxes to grow slightly higher than that," the economist says.
In a statement issued here today, he said that overreliance on indirect taxes amounts to admission of the failure of FBR by authorities.
This distinction between direct and indirect taxes is very important.
In the present study primary focus is on studying responsiveness of both direct and indirect taxes in India.
Additionally, taxpayers may be subject to other indirect taxes, such as octroi (an entry tax on goods brought into a state for use) and luxury taxes.
Kyrgyzstan acceded to the protocol on the exchange of electronic information between the tax authorities of the EEU of the sums of the paid indirect taxes, press service of the Tax Service of Kyrgyzstan reported.
The GST will subsume most of the indirect taxes like excise duty and service tax at the central level and VAT and local levies on the states front.
Research by Dr Micheal Collins of the Nevin Economic Research Institute found the poorest 10% in our society pay just over 30% of their income in taxes, mostly in the form of indirect taxes on the things they buy.
He has joined the Birmingham office as a director responsible for VAT and indirect taxes throughout Mazars' central region which includes the Birmingham, Nottingham, Milton Keynes and Leicester, offices.