expenditure tax

It will require a shift toward an expenditure tax and a Federal sales tax in some form.

Income taxes are more 'visible' to individuals than expenditure taxes, which to some extent are hidden in product prices.

Personal expenditure tax was tried in Sri Lanka but was abandoned mainly because of administrative difficulties.

Indirect tax, sometimes known as 'expenditure tax', is generally regressive, i.e. it hits those with lower purchasing power the hardest.

Expenditure taxes have been briefly implemented in the past in India and Sri Lanka.

The most important taxes are income tax and expenditure taxes such as value added tax (VAT).

The Expenditure Tax Act, 1987 governs the taxation process associated with the chargeable expenditure incurred by an individual in a certain hotel or restaurant.

"The Feasibility of an Expenditure Tax", International Journal of Social Economy, Vol.

A direct consumption tax may be called an expenditure tax, a cash-flow tax, or a consumed-income tax and can be flat or progressive.

Ideally income tax would be replaced by an expenditure tax: all saving would then be tax-deductible, and all spending would be taxed.

Wealth Tax, Expenditure Tax, Capital Gains Tax and Gift Tax.

The Expenditure Tax Act, 1987 applies to any charges incurred by an individual and in the event that these charges are implied to be chargeable expenditure.

A direct, personal consumption tax may take the form of an expenditure tax or an income tax that deducts savings and investments, such as the Hall-Rabushka flat tax.

The FC recommended that each State be given a share as specified the net proceeds of all shareable union taxes and duties except the expenditure tax and service tax.

Taxes are not raised only or largely from any particular section of the community: everyone is subject to the expenditure taxes (on consumer goods, entertainment and so on), and all the working population pay National Insurance contributions.

And said services are provided by the restaurant or the person carrying on business in the restaurant or by the other person, the Expenditure Tax will be collected at the rate specified in Clause (b) of Section 4.

Peter Costello attempted to damage Latham's economic credentials by referring to the experimental economic ideas that he had put forward as shadow treasurer, such as abolishing negative gearing and replacing the GST with a Progressive Expenditure Tax.

The equivalent of income-based taxes on the expenditure side is the personal expenditure tax, which places a tax on the difference between income receipts during the financial year and savings in the year, i.e. a tax on that part of the income that is consumed.

Hence an expenditure tax is a tax on the difference between net income (gross income minus the costs of securing that income) and the change in net worth (net change in the value of liabilities minus the net change in the value of assets).