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INDIRECT TAX
Pronunciation (US): | (GB): |
I. (noun)
Sense 1
Meaning:
A tax levied on goods or services rather than on persons or organizations
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("indirect tax" is a kind of...):
revenue enhancement; tax; taxation (charge against a citizen's person or property or activity for the support of government)
Hyponyms (each of the following is a kind of "indirect tax"):
hidden tax (a tax paid unwittingly by the consumer (such as ad valorem taxes))
duty; tariff (a government tax on imports or exports)
excise; excise tax (a tax that is measured by the amount of business done (not on property or income from real estate))