Search

What is another word for indirect taxation?

Pronunciation: [ɪnda͡ɪɹˈɛkt taksˈe͡ɪʃən] (IPA)

Indirect taxation refers to taxes that are levied on goods and services instead of individuals or businesses. There are several synonyms for this term, including consumption tax, sales tax, value-added tax (VAT), and excise tax. Consumption tax is a broad term that includes all types of indirect taxes, while sales tax specifically refers to taxes levied on retail transactions. VAT is a type of consumption tax that is commonly used in European countries and is calculated based on the value added at each stage of production. Excise tax is a type of indirect tax that is typically levied on specific goods, such as tobacco and alcohol. Regardless of the term used, indirect taxation is an important source of revenue for governments around the world.
Hypernyms
Opposite words
Antonyms
Related words & questions
Search

What are the hypernyms for Indirect taxation?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the opposite words for indirect taxation?

The antonyms for "indirect taxation" are "direct taxation." Unlike indirect taxes, these are imposed directly on individuals and corporations based on their income, property, or activity. Direct taxation systems typically aim to distribute the tax burden more equitably, with higher earners paying a larger percentage of their income. Examples of direct taxes include income tax, property tax, and corporate tax. Unlike indirect taxes, which may disproportionately impact low-income groups, direct taxes can be used to address income inequality and fund social services. While there may be debate about the best mix of direct and indirect taxes, understanding their differences is crucial for effective tax policy.

What are the antonyms for Indirect taxation?

  • Other relevant words:

Related words: indirect tax, direct tax, sales tax, income tax, property taxes

Related questions:

  • What is indirect taxation?
  • What is the difference between direct and indirect taxes?
  • What is the definition of an indirect tax?
  • Indirect taxes?

    • Word of the Day

    Middle Class Populations
    The antonyms for the term "Middle Class Populations" are "extreme poverty populations" and "wealthy high-class populations." Extreme poverty populations refer to people who suffer ...