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    Maika J. Pudadera
    An ad valorem tax bases the tax on the value of a good or property, and is imposed at the time of a transaction like sales or VAT, or annually like property tax. A per unit tax bases the tax on quantity rather than price, like an excise tax. Consumption taxes include sales tax and VAT, and can modify income tax to allow unlimited deductions for investment or savings.

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    Maika J. Pudadera
    11 views1 page
    An ad valorem tax bases the tax on the value of a good or property, and is imposed at the time of a transaction like sales or VAT, or annually like property tax. A per unit tax bases the tax on quantity rather than price, like an excise tax. Consumption taxes include sales tax and VAT, and can modify income tax to allow unlimited deductions for investment or savings.

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    An ad valorem tax bases the tax on the value of a good or property, and is imposed at the time of a transaction like sales or VAT, or annually like property tax. A per unit tax bases the tax on quantity rather than price, like an excise tax. Consumption taxes include sales tax and VAT, and can modify income tax to allow unlimited deductions for investment or savings.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    11 views1 page

    Descriptive Labels: Edit Edit

    Uploaded by

    Maika J. Pudadera
    An ad valorem tax bases the tax on the value of a good or property, and is imposed at the time of a transaction like sales or VAT, or annually like property tax. A per unit tax bases the tax on quantity rather than price, like an excise tax. Consumption taxes include sales tax and VAT, and can modify income tax to allow unlimited deductions for investment or savings.

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    © All Rights Reserved
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    Ad valorem and per unit[edit]


    Main articles: Ad valorem tax and Per unit tax
    An ad valorem tax is one where the tax base is the value of a good, service, or property. Sales
    taxes, tariffs, property taxes, inheritance taxes, and value added taxes are different types of ad
    valorem tax. An ad valorem tax is typically imposed at the time of a transaction (sales tax or value
    added tax (VAT)) but it may be imposed on an annual basis (property tax) or in connection with
    another significant event (inheritance tax or tariffs).
    In contrast to ad valorem taxation is a per unit tax, where the tax base is the quantity of something,
    regardless of its price. An excise tax is an example.
    Consumption[edit]
    Main article: Consumption tax
    Consumption tax refers to any tax on non-investment spending, and can be implemented by means
    of a sales tax, consumer value added tax, or by modifying an income tax to allow for unlimited
    deductions for investment or savings.

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