A report on Indirect tax

Trends in Tax Structures in OECD Countries
Tax structure per OECD country in 2018.
General government revenue, in % of GDP, from indirect taxes. For this data, the variance of GDP per capita with purchasing power parity (PPP) is explained in 0 % by tax revenue.

Tax that is levied upon goods and services before they reach the customer who ultimately pays the indirect tax as a part of market price of the good or service purchased.

- Indirect tax
Trends in Tax Structures in OECD Countries

7 related topics with Alpha

Overall
Total revenue from direct and indirect taxes given as share of GDP in 2017

Tax

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Compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.

Compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.

Total revenue from direct and indirect taxes given as share of GDP in 2017
Pieter Brueghel the Younger, The tax collector's office, 1640
Substitution effect and income effect with a taxation on y good.
Budget's constraint shift after an introduction of a lump sum tax or a general tax on consumption or a proportional income tax.
The Laffer curve. In this case, the critical point is at a tax rate of 70%. Revenue increases until this peak, then it starts decreasing.
General government revenue, in % of GDP, from social contributions. For this data, the variance of GDP per capita with purchasing power parity (PPP) is explained in 20% by social contributions revenue.
Egyptian peasants seized for non-payment of taxes. (Pyramid Age)
Public finance revenue from taxes in % of GDP. For this data, the variance of GDP per capita with purchasing power parity (PPP) is explained in 32% by tax revenue.
Diagram illustrating deadweight costs of taxes

Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent.

Federal Sales Taxes

Sales tax

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Tax paid to a governing body for the sales of certain goods and services.

Tax paid to a governing body for the sales of certain goods and services.

Federal Sales Taxes
Cash register receipt showing sales tax of 8.5%

Turnover tax, similar to a sales tax, but applied to intermediate and possibly capital goods as an indirect tax.

General government revenue, in % of GDP, from direct taxes. For this data, the variance of GDP per capita with purchasing power parity (PPP) is explained in 43% by tax revenue.

Direct tax

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General government revenue, in % of GDP, from direct taxes. For this data, the variance of GDP per capita with purchasing power parity (PPP) is explained in 43% by tax revenue.

Although the actual definitions vary between jurisdictions, in general, a direct tax or income tax is a tax imposed upon a person or property as distinct from a tax imposed upon a transaction, which is described as an indirect tax.

Map of countries and territories by their VAT status

Value-added tax

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Type of tax that is assessed incrementally.

Type of tax that is assessed incrementally.

Map of countries and territories by their VAT status
A Belgian VAT receipt
Without any tax
With a 10% sales tax
With a 10% VAT
A supply-demand analysis of a taxed market
Standard VAT or sales tax rate
General government revenue, in % of GDP, from VAT. For this data, the variance of GDP per capita with purchasing power parity (PPP) is explained in 3% by tax revenue.
EU VAT Tax Rates
4 May 2010 "Campaña no más IVA" in Spain
National VAT act as a tariff on imports and their exports are exempt from VAT (zero-rated).

Like other countries' sales and VAT, it is an indirect tax.

Average tariff rates for selected countries (1913–2007)

Tariff

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Tax imposed by the government of a country or by a supranational union on imports or exports of goods.

Tax imposed by the government of a country or by a supranational union on imports or exports of goods.

Average tariff rates for selected countries (1913–2007)
Tariff rates in Japan (1870–1960)
Average tariff rates in Spain and Italy (1860–1910)
Average levels of duties, 1875 and 1913
Average tariff rates (France, UK, US)
Average tariff rates in US (1821–2016)
US Trade Balance and Trade Policy (1895–2015)
Effects of import tariff, which hurts domestic consumers more than domestic producers are helped. Higher prices and lower quantities reduce consumer surplus by areas A+B+C+D, while expanding producer surplus by A and government revenue by C. Areas B and D are dead-weight losses, surplus lost by consumers and overall. For a more detailed analysis of this diagram, see Free trade
GDP per capita at purchasing power parity (PPP) versus import taxes, by country.

A customs duty or due is the indirect tax levied on the import or export of goods in international trade.

Ad valorem tax

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Tax whose amount is based on the value of a transaction or of property.

Tax whose amount is based on the value of a transaction or of property.

A VAT is an indirect tax, in that the tax is collected from someone other than the person who actually bears the cost of the tax (namely the seller rather than the consumer).

Excise taxes percentage 2015

Excise tax in the United States

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Excise taxes percentage 2015
Historical tax revenue by source.
Federal Government Revenue By Type
Excise taxes as a share of federal revenue 1950–2007.
The effective federal excise tax rate for different household income groups (2007). The effective tax rate equals total federal excise taxes paid during the year divided by total comprehensive income, including estimated values of Medicare and health benefits, food stamps, employment taxes on employers, imputed corporate income tax, and other non-taxable items. Excise taxes are 0.7% of all federal taxes collected.

Excise tax in the United States is an indirect tax on listed items.