Direct Tax


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Related to Direct Tax: indirect tax, income tax

Direct Tax

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.

References in periodicals archive ?
The wide range of "articles" subject to direct tax reflects not merely a theoretical view but the actual operation of Anglo-American tax systems.
as direct tax Why not simply lump it with other indirect taxes and at least avoid the potential of having to adjust it against future tax liability That would suit the businessman as well because then he will not feel guilty for adding it to his own costs - and will not have to wait for and undergo the excruciating process of getting his WHT refund.
Sebellius, "Even when the Direct Tax Clause was written it was unclear what else, other than a capitation (also known as a "head tax" or a "poll tax"), might be a direct tax.
Participating in the meeting from TEI's staff was Benjamin Shreck, Tax Counsel, who is the legal staff liaison to the European Direct Tax Committee.
Explaining the tax projections of Rs 1380 billion set for outgoing fiscal, FBR Member Direct Tax Policy stated that the tax collection targets have always been set on the higher side.
Mr Holly went on: "For VAT the number of tribunal centres increases from less then five to more than 100 in line with the old direct tax system, so people will get a more local service.
For example, in 1881, the Court upheld the validity of the Civil War income tax against the claim that it was a direct tax that hadn't been properly apportioned.
Over a 20-year period, the cumulative amount of direct tax revenues will rise to $1.
I think the ratio of direct tax to indirect tax should be fifty-fifty,'' Shiokawa told the House of Councillors' Committee on Financial Affairs.
Direct tax advice given to a client (such as personal discussions, letters, memoranda, notes or reports) and tax advice documents (describing tax interpretations, opinions, mental processes, thoughts, tax positions, likelihood of success) should be protected.
i] = Buoyancy of the taxes (total tax, direct tax, indirect tax), [lambda] assumed to be 1 in our study;
For a corporation in the 40 percent tax bracket (state and federal), that means about $400,000 in direct tax savings from the passive losses.

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