A tax levied on goods and services rather than on income or profits.
Example sentencesExamples
Mumbai pays more corporate tax, personal income tax and other indirect taxes than Delhi by a factor of nearly four.
They already pay rent, which in many cases is higher than the land tax would be, besides all manner of indirect taxes.
The method of taking real funding can be through direct taxes or indirect taxes and by means of monetary printing.
These additional indirect taxes could be used to cut income tax bands, he said.
For the record, the government will collect almost £455 billion in direct and indirect taxes this tax year.
Apart from those unavoidable income taxes, indirect taxes have helped to boost the Treasury's coffers, too.
The Tariff Reformers advocated protective indirect taxes to raise such revenues: the Liberals legislated for expanded direct taxes.
In order to avoid a resulting structural deficit, he believes indirect taxes such as car taxes or goods and services tax can be raised.
But as Minister of Revenue, I am responsible only for direct taxes, indirect taxes, and related matters.
In the UK the Board of Customs and Excise is also responsible for collecting such indirect taxes as value-added tax.
So-called ‘stealth taxes’ or indirect taxes have been increased such that the overall tax burden has risen.
The survey ranked tax advisers in Europe in seven categories, including tax planning, capital markets, indirect taxes and cross-border structuring.
‘It is a great trick by the Government to reduce direct taxation and income tax and to increase indirect taxes,’ he said.
So, how could he hit his €1.9 billion target without unduly ratcheting up indirect taxes and levying further stealth charges?
The gradual reduction of the tax burden will be partly achieved by cutting direct taxes and increasing indirect taxes, the Cabinet said.
When 50c in almost every dollar of private sector income goes to the government in direct or indirect taxes, the government has absolutely no excuse to ever run a deficit.
On a positive note, 90 per cent of the income of those on the minimum wage are now exempt from income tax, but let's not forget the hidden indirect taxes.
It uses the money taken from private interests (through direct taxation or the indirect tax of inflation) to bid against those same private interests for scarce resources.
Many web-based sales are made free of indirect taxes, as result tax authorities are losing out on this revenue from such sales.
Income tax remains the most progressive and the fairest form of taxation because, unlike indirect taxes like VAT, it is firmly related to ability to pay.