stealth tax

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  • Financial Institutions and Services
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A tax, the incidence of which may be hidden from the person who is suffering it. An example could be a tax levied on goods at the wholesale level, which increases the retail price in such a way that the final customer cannot detect either that it has happened or the amount of the extra cost. The term is also applied to various mechanisms by which the government can increase the tax paid by individuals without raising tax rates, notably the abolition or restriction of tax allowances and the adjustment of thresholds.

Subjects: Financial Institutions and Services — Accounting.

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