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Direct Tax |
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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A charge levied by the government upon property, which is determined by its financial worth. A direct tax is usually a property tax or ad valorem tax, as opposed to an indirect tax imposed upon some right or privilege, such as a franchise tax. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Keith Miller, Chair of the Chapter's Indirect Tax Committee, and Will Morris, Chair of the European Tax Committee, respectively, followed Ms Bennett, summarizing the committees' activities in monitoring VAT and direct tax developments as well as updating attendees on currently pending advocacy projects. Coliseum General Manager Pat Lynch said the NFL owners questioned Tuesday how a team owner could make money with a stadium built with no direct tax subsidy. Under Proposition 13, passed in 1978, cities get direct tax revenue streams when retail projects are built in their area, while income from industrial and residential projects is indirect. |
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