Definition of indirect tax in English:
A tax levied on goods and services rather than on income or profits.
- The method of taking real funding can be through direct taxes or indirect taxes and by means of monetary printing.
- In the UK the Board of Customs and Excise is also responsible for collecting such indirect taxes as value-added tax.
- Apart from those unavoidable income taxes, indirect taxes have helped to boost the Treasury's coffers, too.
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