GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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18:09 Jul 8, 2020 |
Spanish to English translations [PRO] Law/Patents - Business/Commerce (general) / taxation | |||||||
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| Selected response from: neilmac Spain Local time: 05:45 | ||||||
Grading comment
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Summary of reference entries provided | |||
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If this is Spain it's likely to mean VAT |
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Discussion entries: 9 | |
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Expenditure tax Explanation: Could "expenditure tax" do ? |
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consumption tax; sales tax Explanation: A consumption tax is imposed on the consumer, e.g. a tax on items purchased on the Internet, which tax ordinarily is paid directly to the government by the consumer. A sales tax is imposed on the seller. The seller most likely passes it onto the consumer, but in any event the government collects the tax from the seller. -------------------------------------------------- Note added at 37 mins (2020-07-08 18:47:00 GMT) -------------------------------------------------- Bottom line: Thus the choice of "consumption tax" or "sales tax" depends on the venue, i.e. on the context. |
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Notes to answerer
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