expenditure tax

a form of INDIRECT TAX which is added to the selling price of a good or service and which is borne by consumers of these products. VALUE ADDED TAX, EXCISE DUTIES and CUSTOMS DUTIES are the main types of expenditure tax levied in the UK. Expenditure taxes, along with various taxes on income (see DIRECT TAX), are used by the government to raise revenue (see BUDGET) and as a means of regulating the level of spending in the economy (see FISCAL POLICY).

expenditure tax

a form of INDIRECT TAX that is incorporated into the selling price of a product and is borne by the consumer.

In raising revenue and applying FISCAL POLICY, governments have two broad choices: the use of taxes on expenditure and the use of taxes on INCOME (DIRECT TAXES). Taxes on income, such as INCOME TAX, deduct tax at source, whereas taxes on expenditure are levied at the point of sale. Direct taxes tend to be PROGRESSIVE TAXES insofar as the amount of tax paid is related to a person's income, whereas expenditure taxes are REGRESSIVE TAXES insofar as consumers pay tax in proportion to their spending, regardless of income.

In the UK, VALUE ADDED TAX, EXCISE DUTIES and CUSTOMS DUTIES are the main types of expenditure tax. See TAXATION, BUDGET ( GOVERNMENT).

单词	expenditure tax
释义	expenditure tax expenditure tax a form of INDIRECT TAX which is added to the selling price of a good or service and which is borne by consumers of these products. VALUE ADDED TAX, EXCISE DUTIES and CUSTOMS DUTIES are the main types of expenditure tax levied in the UK. Expenditure taxes, along with various taxes on income (see DIRECT TAX), are used by the government to raise revenue (see BUDGET) and as a means of regulating the level of spending in the economy (see FISCAL POLICY). expenditure tax a form of INDIRECT TAX that is incorporated into the selling price of a product and is borne by the consumer. In raising revenue and applying FISCAL POLICY, governments have two broad choices: the use of taxes on expenditure and the use of taxes on INCOME (DIRECT TAXES). Taxes on income, such as INCOME TAX, deduct tax at source, whereas taxes on expenditure are levied at the point of sale. Direct taxes tend to be PROGRESSIVE TAXES insofar as the amount of tax paid is related to a person's income, whereas expenditure taxes are REGRESSIVE TAXES insofar as consumers pay tax in proportion to their spending, regardless of income. In the UK, VALUE ADDED TAX, EXCISE DUTIES and CUSTOMS DUTIES are the main types of expenditure tax. See TAXATION, BUDGET ( GOVERNMENT).
随便看	flipchart flip chart production environment flip charts flip chip flip-chip flip chip attach flip chip ball grid array flip-chip ball grid array flip chip bga flip chip bonding flip-chip chip scale package flip chip csp flip chip in package flip chip land grid array flip-chip land grid array flip chip leaded molded package flip chip micro pin grid array flip chip module flip chip mounter flip chip on board flip chip-on-board flip chip-on-flex flip chip on leadframe flip chip on substrate flip chip pga