INDIRECT TAX

Pronunciation (US): (GB):

Meaning:

A tax levied on goods or services rather than on persons or organizations

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("indirect tax" is a kind of...):

revenue enhancement; tax; taxation (charge against a citizen's person or property or activity for the support of government)

Hyponyms (each of the following is a kind of "indirect tax"):

hidden tax (a tax paid unwittingly by the consumer (such as ad valorem taxes))

duty; tariff (a government tax on imports or exports)

excise; excise tax (a tax that is measured by the amount of business done (not on property or income from real estate))