Transaction Taxes
Transaction Taxes
Definition: Taxes on economic transactions, such as the sale of goods and services. These can be based on a set of percentages of the sales value (ad volorem-sales taxes), or they can be a set amount on physical quantities ("per unit"-gasoline taxes).
Definition: Taxes on economic transactions, such as the sale of goods and services. These can be based on a set of percentages of the sales value (ad volorem-sales taxes), or they can be a set amount on physical quantities ("per unit"-gasoline taxes).