Tax shift or tax swap is a change in taxation that eliminates or reduces one or several taxes and establishes or increases others while keeping the overall revenue the same. Specifically, it is often used to refer to increases in indirect tax and a concomitant cut to direct tax rates, or vice versa.
Tax shift or tax swap is a change in taxation that eliminates or reduces one or several taxes and establishes or increases others while keeping the overall revenue the same. Specifically, it is often used to refer to increases in indirect tax and a concomitant cut to direct tax rates, or vice versa.
Source: Wikipedia "Tax shift" · CC BY-SA 4.0
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