Indirect tax sentence example

indirect tax
  • The large and steadily increasing receipts from import duties, amounting to 91,321,860 pesos in 1905, and 103,507,556 pesos in 1906, appears to indicate an encouraging state of prosperity in the country, although an average of 34z pesos a year (nearly £2: 12s.), in addition to the increased prices paid for home manufactures, seems to be a very heavy indirect tax upon so poor a people.
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  • The principal source of revenue was an indirect tax on corporations, the tax on railways, savings banks and life insurance companies, yielding 70% of the state's income.
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