BNET Business Dictionary
Business Definition for: Hidden Tax
- a tax that is not immediately apparent. For example, while a consumer may be aware of a tax on retail purchases, a tax imposed at the wholesale level, which consequently increases the cost of items to the retailer, will not be apparent.
Additional Resources
- Estrategia Total: IVA exemptions are a hidden tax.
- MEXICO CITY, Nov 07, 2003 (CNI/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The exemptions of IVA national sales tax represent a "hidden tax" for consumers because their application has a direct impact on the agricultural food chain by increasing production costs.The Consultancy Estrategia Total...
- Research articles 2003-11-11
- Southern California Edison hidden tax blasted by consumers, seniors and business
- LOS ANGELES--BUSINESS WIRE--Nov. 29, 1994--Consumers, small businesses, minority organizations, seniors, water districts, flower growers, manufacturers and agricultural groups Tuesday blasted a $100 million hidden consumer tax proposed by Southern California Edison to finance their profit-making ventures with electric vehicles.
- Research articles 1994-11-29
- Hidden tax adds $30b to coffers.
- Apr 14, 2003 (Herald Sun - ABIX via COMTEX) In April 2003, Australian Prime Minister, John Howard, responded to reports Australians pay $A3.1 million each year in "hidden taxes". While Howard admitted the current government is Australia's "highest-taxing", he said he would not accept...
- Research articles 2003-04-14
- Premera Report Spurs National Study, Highlights Dramatic Problem of Hidden Healthcare Tax
- 2006 Premera Study Found Similar Cost Impact in Washington State MOUNTLAKE TERRACE, Wash. -- The "hidden tax" on privately insured families and employers created by underpayments for Medicare and Medicaid, first identified by a Washington state study funded by Premera Blue Cross, was given new attention today with the...
- Research articles 2008-12-09
- Housing hit by hidden tax grab.
- Jul 08, 2003 (The Courier-Mail - ABIX via COMTEX) The Housing Industry Association HIA has revealed that hidden taxes add $A64,000 to the price of a new home-and-land package in Brisbane. The HIA's report said that indirect taxation on new house and land...
- Research articles 2003-07-08
- Walking Away from Your Mortgage Can Have Hidden Tax Consequences
- Should you walk away from your mortgage if you owe too much money? It depends. One highly important factor, which I feel is getting very short shrift in the conversation about debts, is what the rest of your financial picture looks like. We writers like to key...
- Blog posts 2010-02-03
- Gore tried to fund Internet scheme with hidden taxes
- It looks as though Al Gore's pet projecthooking every classroom and library up to the Internet and using a hidden tax to pay for itis about to explode in his face. It will be a consequence richly deserved. The real outrage is the way Gore and his supporters have gone...
- Research articles 1998-06-26
- Revealed: $3b in hidden tax.
- Apr 28, 2002 Sunday Herald Sun ABIX via COMTEX -- Australia's Productivity Commission has outlined a raft of "hidden" taxes in a new report. The report found that these taxes reap an additional $A3bn per annum for government agencies, in the form of fees...
- Research articles 2002-04-28
- Swiss banker, lawyer charged with tax fraud
- Hansruedi Schumacher, executive manager at Swiss private bank Neue Zuercher Bank, and Matthias Rickenbach, a lawyer who provided legal advice and services to American clients, were indicted for conspiring to defraud the US, the Justice Department and Internal Revenue Service announced. According to the indictment, Mr Schumacher and Mr Rickenbach...
- News items 2009-08-20
- Tax amnesty targets medical professionals
- A partial amnesty for doctors and dentists who have failed to declare income to the Revenue will be launched on Monday, in the opening salvo of a new campaign designed to flush out tax evasion by professionals. Doctors and other specialists with undeclared tax liabilities will be encouraged to volunteer...
- News items 2010-01-11
- Conference on credit/debit fees applauded: interchange fees questioned by Federal Reserve.(Federal Reserve Bank of Kansas City)
- A COALITION OF BUSINESS ORGANIZATIONS HAS APPLAUDED THE Federal Reserve Bank of Kansas City for holding a conference on credit and debit card interchange fees, saying the rapidly escalating fees amount to a hidden tax on U.S. consumers. A COALITION OF BUSINESS ORGANIZATIONS...
- Research articles 2005-07-01
- Coalition of business organizations applaud credit-card fee conference.(WASHINGTON REPORT)
- A coalition of business organizations has applauded the Federal Reserve Bank of Kansas City for holding a conference in May on credit and debit card interchange fees, saying the rapidly escalating fees amount to a hidden tax on U.S. consumers. "Merchants have known...
- Research articles 2005-06-01
- Conference on credit/debit fees applauded: interchange fees questioned by Federal Reserve.(Federal Reserve Bank of Kansas City)
- A COALITION OF BUSINESS ORGANIZATIONS HAS APPLAUDED THE Federal Reserve Bank of Kansas City for holding a conference on credit and debit card interchange fees, saying the rapidly escalating fees amount to a hidden tax on U.S. consumers. "Merchants have known for years...
- Research articles 2005-07-01
- Client of UBS Gets Probation in Tax Fraud
- NEWARK (Reuters) ? A wealthy UBS client who admitted to a $6.1 million tax fraud was sentenced to probation on Wednesday after providing what the federal government called substantial help in advancing a major criminal tax fraud inquiry. Go to your Portfolio ยป The defendant, Juergen Homann, 67, was sentenced...
- News items 2010-01-06
- Congress Endorses Tax Benefits for Renewal Communities
- YOU PROBABLY DIDN'T READ MUCH about the tax bill Congress passed at the end of the last session. That was because of two things. The provisions didn't include any of the controversial tax cut items that had been bandied about in 2000, such as an estate tax elimination. And the...
- Research articles 2001-02-01
- The U.S. Climate Bill's Hidden Gas Tax
- Politicians have spent decades studiously avoiding higher gasoline taxes, to avoid their voter's wrath. But it looks like a new gas tax will finally go ahead, as part of the new American Clean Energy and Security Act, the formal name for the United States' cap-and-trade bill. Cap-and-trade...
- Blog posts 2009-05-18
- Website of the Month: Yahoo Tax Center
- Yahoo Tax Center (taxes.yahoo.com) is part of the Yahoo Finance family of Internet resources. Although Yahoo Tax Center is aimed at nonexpert taxpayers, practitioners will find several time-saving materials, plus a few hidden gems. Some resources are available via links to well-known websites. Yahoo Tax Center offers quick, easy links...
- Research articles 2004-01-01
- Rescuing Pension Rescue Plans: Dealing With the IRD Problem Is More Difficult, But Still Workable
- The December 2003 California CPA article on the hidden tax traps of Income in Respect of Decedent IRD noted that the IRS clobbers certain types of assets, such as qualified retirement plans and IRAs at death. For clients in the maximum income tax and estate tax brackets, the asset erosion...
- White papers 2004-08-01
- Does the IRS's new ruling policy on spin-offs enhance the desirability of tax insurance?
- Various forms of spin-offs remain popular tools for unlocking hidden corporate value and improving financial performance. Under an IRS pilot program, however, those seeking tax-advantaged spin-offs under section 355 of the Internal Revenue Code face new uncertainty in respect of the tax consequences of the transaction.
- Research articles 2003-09-01
- Tempted by a surefire way out of taxes? It could be a scam
- Nobody likes to feel like a chump, particularly where taxes are concerned. Why should you hand over your hard-earned money to those clowns in Washington when your neighbor doesn't pay a dime? Especially when your neighbor has offered to introduce you to someone who can make your tax bill disappear,...
- Research articles 2004-03-09
