1.2.9 Indirect taxes and subsidies
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Last updated 7:49 PM on 4/20/25
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5 Terms
1
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specific tax
the tax on each unit of good sold e.g excise duties on petrol, cigarettes and alcohol
2
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ad valorem tax
tax set as a percentage of the price of a good
3
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indirect tax
the tax levied on expenditure on goods and services
4
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5
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hey
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