Flat tax (Fixed tax)
What is
Flat tax (Fixed tax)
Flat tax (or fixed tax) is a one-rate tax on subjects regardless of their income, sales and so on. All subjects pay the same rate. It is usually applied in excise taxes or VAT. Some states apply a flat tax on income tax as well. Its opposite concept is a progressive tax.
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Related terms and methods:
- Excise Tax
- Flat-rate fee
- Progressive tax
- Tax
- Tax Haven
- VAT
Related management field:
Last update: 14.08.2016
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