Specific taxes definition
Examples of Specific taxes in a sentence
The undersigned may not assign any of his rights or interests in and under this Agreement without the prior written consent of the Callingcard industries, Inc., and any attempted assignment without such consent shall be void and without effect.
This is the main indirect tax in the UK.o Specific taxes are a set tax per unit, such as the 58p per litre fuel duty on unleaded petrol.
Specific taxes applied to selected articles, such as automobiles (tax on the first registration), liquor and beer, cigarettes, firearms, and ammunition.
Specific taxes apply to the exploitation and processing of forest products.
Specific taxes related with energy efficiency or fines due to violation of regulations can be used to sustain the budget.
Meyer, “The Effects of Firm Specific taxes and Government Mandates with an Application to the U.S. Unemployment Insurance Program,” Journal of Public Economics, 1997, 65 (2), 119–145.
Cons of specific taxes • Specific taxes are flat rate which can be “sticky” in an inflationary environment.Since the specific taxes are fixed rate per unit of alcohol, the tax does not change with the price level.
The resources lease is created as takes after:Output (basic "well head" prices)+ Specific taxes less subsidies on products– Intermediate consumption– Compensation of employees– Other non-specific taxes less subsidies onproduction– Consumption of fixed capital – Return to fixed capital= Resource rentThe vast majority of the scopeors are standard national records scopeors, aside from the arrival to altered capital and the division of expenses and appropriations into particular and non-particular.
Specific taxes – depending on an individual’s success - can be viewed as returns on investment for fellow-citizens.
The Scottish Government<http://www.gov.scot/Resource/0048/00481380.pdf > c) Specific taxes on behaviour: New environmental taxes or tourist bed taxes are potential avenues via which local authorities can change behaviour and raise revenue, however, as can be seen from the Customer Client receipts above, their revenue raising potential is limited in comparison to Council Tax and as such again fall outside of the scope of this paper.