excise tax (Meaning)
excise tax (n)
a tax that is measured by the amount of business done (not on property or income from real estate)
Synonyms & Antonyms of excise tax
No Synonyms and anytonyms found
excise tax Sentence Examples
- Alcoholic beverages are often subject to excise taxes due to their potential impact on public health and social welfare.
- Excise taxes are commonly imposed on products that are perceived to be harmful or have negative externalities, such as cigarettes, tobacco, and alcohol.
- The revenue generated from excise taxes can be used to fund various government programs or offset the costs associated with the negative effects of the taxed products.
- The specific items and rates of excise taxes vary among different countries and jurisdictions, reflecting their unique policies and economic considerations.
- Excise taxes can be levied at different stages of production, distribution, or consumption, depending on the tax design and administrative feasibility.
- The impact of excise taxes on consumer behavior and industry practices can be complex, influencing demand patterns, production decisions, and market dynamics.
- Governments may adjust excise tax rates to achieve specific policy objectives, such as discouraging consumption of harmful products, promoting healthier alternatives, or generating additional revenue.
- The effectiveness of excise taxes in achieving their intended objectives depends on various factors, including tax design, enforcement mechanisms, and the responses of consumers and businesses.
- Excise taxes can be a contentious issue, with debates围绕 their potential impact on personal choice, economic efficiency, and the distribution of the tax burden.
- Excise taxes are often accompanied by various legal and administrative considerations, including tax collection mechanisms, record-keeping requirements, and compliance monitoring.
FAQs About the word excise tax
a tax that is measured by the amount of business done (not on property or income from real estate)
No synonyms found.
No antonyms found.
Alcoholic beverages are often subject to excise taxes due to their potential impact on public health and social welfare.
Excise taxes are commonly imposed on products that are perceived to be harmful or have negative externalities, such as cigarettes, tobacco, and alcohol.
The revenue generated from excise taxes can be used to fund various government programs or offset the costs associated with the negative effects of the taxed products.
The specific items and rates of excise taxes vary among different countries and jurisdictions, reflecting their unique policies and economic considerations.
