Indirect business tax

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    Grace
    I read the Version 3 manual and it looks like they are just the taxes paid by businesses.
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    jenny
    IBT consists of tax and nontax liabilities that are chargeable to business expenses when calculating profit-type incomes and of certain other business liabilities to government agencies that are treated like taxes. Thus, IBT includes taxes on sales, property, and production, but it excludes employer contributions for social insurance and taxes on income.
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