Indirect taxes minus Subsidies is called ______________.

net subsidies

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net indirect taxes

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gross subsidies

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gross indirect taxes

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Solution

The correct option is D net indirect taxes
$\Rightarrow$ Net Indirect Tax is the difference between the Indirect tax and subsidy.
Net Indirect Tax = Indirect Tax - Subsidy
$∴$ Indirect taxes minus Subsidies is called net indirect taxes.

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