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 ?
"Council tax is clearly regressive, income tax and NICs (National Insurance contributions) are significantly progressive, and we should probably think of indirect taxes as being broadly distributionally neutral.
While the average EU tax burden is evenly distributed between direct and indirect taxes, indirect taxes in Bulgaria have a strong lead.
Compared with 2017, indirect taxes marked an increase of 1.5% in January -- October 2018 reflecting the acceleration of economic activity.
It cuts PSDP, and boosts gas prices, imposes 90 billion in indirect taxes.
The GST Council secretariat have been tasked to compile the suggestions and responses and send to the CBIC, which is the apex body for Indirect taxes in the country, by tomorrow.
He succeeded Vanaja N Sarna to become the chairman of the apex body of policy making for indirect taxes.
Under the head of indirect taxes the government expects to receive Rs4.7bn through electricity in FY19 which is 113 per cent higher than revised estimate of Rs2.2bn for FY18.
Iranian administration earned 299.8 trillion rials from direct and 300.8 trillion rials from indirect taxes during the first eight months of the current fiscal year.
The increase in tax revenues is due to an improvement in the collection of both direct (+ 14.8% against -5%) and indirect taxes (+13.5% against 3.7%).
The historic GST subsumes 17 indirect taxes such as numerous central and state levies of excise, value added tax, sales tax, octroi and luxury tax on goods and services to levy a uniform tax rate for the entire country.
The GST replaces a slew of indirect taxes with a unified tax regime.
In particular, indirect taxes on food are considered highly regressive, giving grounds for measures aimed at reducing the tax burden of low-income earners.