Akademik

direct tax

direct tax direct tax ➔ tax¹

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direct tax UK US noun [C or U] TAX

► a tax on income, rather than on goods or services that are bought: »The government has lowered direct tax rates for individuals and companies.

direct taxation noun [U]

► TAX »The party made a commitment not to increase public expenditure for two years nor increase direct taxation.

→ See Note TAX(Cf. ↑tax)

Financial and business terms. 2012.