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Derived Tax Revenues
•
Assessment imposed by governments on
exchange transactions
•
Examples
–
personal and corporate income taxes
–
sales and use taxes
Principal characteristics of these transactions:
1)
the assessing government imposes the provision of resources on the provider
(the entity that acquires the income, goods or services), and
2)
the government’s assessment is on an exchange transaction
These types of tax revenues may be restricted for a particular use.