What are the opposite words for Institutional Tax?
Institutional Tax refers to the taxes paid by institutions or organizations such as corporations, banks, universities, and government entities. The antonyms or opposites of Institutional Tax can be classified into two categories: personal taxes and informal taxes. Personal taxes are those paid by individuals or private persons, and informal taxes are those that are not collected by the government through a formal tax system. Examples of personal taxes are income tax, property tax, and sales tax, while examples of informal taxes include bribes, tolls, and fees. Unlike Institutional Taxes, personal and informal taxes are not mandatory but are based on one's voluntary or discretionary decision to pay.
What are the antonyms for Institutional tax?
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