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direct tax

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.04 sec.

direct tax

Tax levied (imposed) directly on an individual or organization, in contrast to indirect taxes, levied on goods when they are purchased. Nearly all direct taxes are taxes on income or wealth, such as income tax, capital gain tax, or corporation tax. However, a poll tax is also an example of a direct tax. The opposite of a direct tax is an indirect tax.


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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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