1.2.9 Indirect Taxes And Subsidies
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Last updated 9:36 AM on 3/23/26
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5 Terms
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Indirect Taxes
Taxes imposed by the government on goods and services
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Types of Indirect Tax
Ad Valorem & Specific Taxes
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Ad Valorem
Fixed percentage of the value of a good/service
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Specific Tax
A set tax per unit on the good/service
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Subsidies
Government grant to
