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Term of the Day
indirect tax
border tax adjustment
hidden tax
Definition
A
tax
imposed on
consumption
,
sales
, shipping, or production, rather than
directly
on the
property
or
income
of the
consumer
. Indirect
taxes
are generally included in the
price
of
goods
and
services
, so are less obvious to those paying the
taxes
than
direct
levies
.
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Related Terms
direct tax
hidden tax
border tax adjustment
Mentioned in these terms
indirect taxation
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