- direct taxation
- Taxation, the effect of which is intended to be borne by the person or organization that pays it. Economists distinguish between direct taxation and indirect taxation. The former is best illustrated by income tax, in which the person who receives the income pays the tax and his or her income is thereby reduced. The latter is illustrated by value added tax (VAT), in which the tax is paid by traders but the effects are borne by the consumers of the trader's goods or services. In practice these distinctions are rarely clear cut. For example, corporation tax is a direct tax but its incidence can be shifted to consumers by higher prices or to employees by lower wages.
Accounting dictionary. 2014.
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direct taxation — ➔ taxation * * * direct tax UK US noun [C or U] TAX ► a tax on income, rather than on goods or services that are bought: »The government has lowered direct tax rates for individuals and companies. direct taxation noun [U] ► TAX » … Financial and business terms
direct taxation — Taxation, the effect of which is intended to be borne by the person or organization that pays it. Economists distinguish between direct taxation and indirect taxation The former is best illustrated by income tax, in which the person who receives… … Big dictionary of business and management
direct taxation — noun [uncountable] Thesaurus: types of tax and taxationhyponym Main entry: direct tax * * * diˌrect taxˈation ; noun … Useful english dictionary
direct taxation — N UNCOUNT Direct taxation is a system in which a government raises money by means of direct taxes … English dictionary
direct taxation — /daɪˌrekt tæk seɪʃ(ə)n/ noun a tax, such as income tax which is paid direct to the government ● The government raises more money by direct taxation than by indirect … Dictionary of banking and finance
direct taxation — /dərɛkt tækˈseɪʃən/ (say duhrekt tak sayshuhn) noun the levying of a compulsory monetary contribution such as income tax, demanded by a government for its support and levied directly on the persons who will bear the burden of it (opposed to… … Australian English dictionary
direct taxation — A tax deducted from the income or wealth of an individual or organization. Contrast *indirect taxation … Auditor's dictionary
direct taxation — See: direct tax … English dictionary
direct taxation — tax taken directly from an individual s income (income tax, etc.) … English contemporary dictionary
Direct tax — Taxation An aspect of fiscal policy … Wikipedia