| 单词 | direct taxation |
| 释义 | direct taxation Taxation, the effect of which is intended to be borne by the person or organization that pays it. Economists distinguish between direct taxation and indirect taxation. The former is best illustrated by income tax, in which the person who receives the income pays the tax and his income is thereby reduced. The latter is illustrated by value added tax (VAT), in which the tax is paid by traders but the effects are borne by the consumers who buy the trader's goods. In practice these distinctions are rarely clear-cut. Corporation tax is a direct tax but there is evidence that its incidence can be shifted to consumers by higher prices or to employees by lower wages. Inheritance tax could also be thought of as a direct tax on the deceased, although its incidence falls on the heirs of the estate. |
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