Recent Examples of direct tax from the Web
But that progressivity holds true only for direct taxes on personal and corporate income.
The Big Six plan includes direct tax cuts for middle-class earners, but the reduction in business taxation has been criticized as benefiting the wealthy.
Record corporate profits and unprecedented stock valuations, juxtaposed with weak median income growth this century, together make a strong case for a completely different law, one that would direct tax benefits toward the middle class.
After the currency move, direct tax revenue increased 19.1% from a year earlier to 1.9 trillion rupees ($30 billion) in April to July.
Tying direct taxes to political representation was so important that it was repeated in Article 1, Section 9.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'direct tax.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of direct tax
Financial Definition of DIRECT TAX
What It Is
A direct tax is any tax levied on companies or individuals that cannot be transferred to another party. It is the opposite of indirect tax.
How It Works
Direct taxes affect individuals and companies to the amountn of the tax that cannot be eliminated by transferring to another party. Personal, corporate and property taxes are examples of direct taxes.
Why It Matters
Individuals and entities affected by direct taxes should stay informed about how much they should be prepared to pay, and if these changes might affect business decisions.
Seen and Heard
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