Direct Tax

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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 ?
If the Treasury will arrange for me to have a constant free supply of good cigars, then I'll pay them the equivalent in direct taxation.
There are a number of negative implications associated with introducing tax and the administrative cost of direct taxation needs to be taken into account.
In May the International Monetary Fund gave preliminary approval for a three year economic programme in the Maldives after the government agreed to a series of policy reforms to strengthen the economy - which included the implementation of direct taxation, as a way of increasing government revenue and minimizing the widening budget deficit.
WRONG TARGET: Eric Pickles I spent many hours looking for a Civil Service pension fund but I believe that they're all paid from current, direct taxation.
Introduction to European tax law; direct taxation, 2d ed.
The former Chief Secretary to the Treasury, Liberal Democrat MP David Laws, contravened the regulations by taking pounds 40,000 of taxpayers' money for his "love nest" while planning to take even more of our hard-earned money for the nation's coffers from indirect and direct taxation.
Cayman Islands leaders are welcoming a report that says direct taxation would put this hedge fund hub at a disadvantage to other international finance centers, reports Reuters (March 20, 2010).
Media reports about the candidates' tax debate ignore the fact that direct taxation only represents part of the cost of government.
Cuts in direct taxation benefit the rich more than the poor, while lower tax receipts leads to cuts in public services, higher unemployment and greater poverty.
In an Italian case, judges declared illegal a national law that insisted reverse mergers, (where subsidiaries takeover a parent), should attract a proportional registration duty of 1% of the transaction value, regardless of their direct taxation.
Mr Leigh said: 'I believe it is absolutely essential, if we are to galvanise our own support, to have a clear, costed pledge to reduce direct taxation months not weeks before a General Election, based on a clear pledge to cut a specific amount from public expenditure in our first year of office.
Two Danish opposition parties are planning a joint proposal on tax to show voters that they would not raise direct taxation.