Gross Receipts Tax
Tax, Sales tax, Vertical integration
978-613-7-16033-6
6137160335
180
2011-09-28
54.00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. A gross receipts tax or gross excise tax is a tax on the total gross revenues of a company, regardless of their source. A gross receipts tax is similar to a sales tax, but it is levied on the seller of goods or services rather than the consumer. This is compared to other taxes that are listed as separate line items on billings, are not directly included in the listed price of the item, and are not a factor in markup or profit on company sales. A gross receipts tax has a pyramid effect that increases the actual taxable percentage as it passes through the product or service life-cycle.
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