Sin Tax

  • 2 Posts
  • 1 Sections
  • 1 Types
Definitions
Repressive Tax
Repressive Tax Sin Tax Taxation Tobacco Tax Alcohol Tax Tariffs Public Health Deterrence
Repressive taxes, often called sin taxes, are designed to discourage certain activities rather than generate revenue. High tariffs and taxes on commodities such as tobacco and alcohol are examples of repressive taxes intended to reduce the consumption of these products by raising their prices.
Read more about Repressive Tax.
Definitions
Sin Tax
Sin Tax Public Health Regressive Tax Alcohol Tobacco Gambling Taxation
A sin tax is a specific type of tax imposed on goods that are considered harmful to individuals and society, such as alcohol, tobacco, and gambling. This tax aims to reduce consumption of these products, improve public health, and generate revenue for the government.
Read more about Sin Tax.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.