Capital Goods Tax Payment
type: Class
preferred label: Taxes on Investment Goods
alternative label: Capital Equipment Tax Payment
alternative label: Industrial Equipment Tax Payment
alternative label: Investment Goods Tax Payment
alternative label: Machinery Tax Payment
subclass of: R9L4OY7QCBEVJpav2Da6Gef
definition: Capital Goods Tax Payment, also known as Taxes on Investment Goods, refers to taxes levied on investment goods such as machinery. These taxes can be imposed for an extended period or temporarily for counter-cyclical purposes. Unlike taxes on industrial inputs that are also levied on consumers, capital goods taxes specifically target goods used for investment purposes in industries and businesses.