border tax adjustment

Definitions

Accounting

• noun a deduction of indirect tax paid on goods being exported or imposition of local indirect tax on goods being imported

Economics

• Rebate of indirect taxes (taxes on other than direct income, such as a sales tax or VAT) on exported goods, and levying of them on imported goods. May distort trade when tax rates differ or when adjustment does not match the tax paid.

Nearby Definitions of “border tax adjustment”

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Contexts for “border tax adjustment”

2 definitions in context
• Accounting
• Economics