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direct tax |
Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
direct tax n
(Economics) a tax paid by the person or organization on which it is levied Compare indirect tax direct taxation n ThesaurusLegend: Synonyms Related Words Antonyms
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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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