What is an indirect business tax?
A) A tax that is collected by businesses for a government agency
B) A foreign tax that affects the consumer indirectly
C) A foreign tax collected by the local government
D) A local tax intended to tax different goods than the ones that end up being taxed
E) A tax that affects only those businesses that deal with indirect goods

Question

Quizplus · Accepted Answer

Indirect business taxes are taxes that businesses collect on behalf of a government agency. These can include sales taxes, value-added taxes (VAT), and excise taxes, where the business adds the tax to the price of the goods or services sold and then remits it to the government.

What Is an Indirect Business Tax