Excise duty is an indirect tax. That means the tax amount is included as part of the selling price. Excise duty, also known as excise tax, is ultimately passed on and paid by the consumer when he ...

An excise tax is a tax levied by the government on a specific good or service; it is paid by the manufacturer or the supplier, rather than the consumer. However, an excise tax, which any level of ...

Have you ever wondered why gas, cigarettes or alcohol cost so much? The answer often comes down to an excise tax — a special tax that’s built right into the price of certain goods. So, what is excise ...

Compare tax relief providers that match your needs. Find Tax Experts Reduce your tax burden now Commonly known as the “sin tax,” the excise tax is a tax on products that are considered harmful or ...

Tax Notes contributing editor Robert Goulder breaks down the new excise tax on corporate stock buybacks in the Inflation Reduction Act, all in five minutes. This transcript has been edited for length ...