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Tax Law

Tax law is the codified system of laws that describes government levies on economic transactions, commonly called taxes.

Contents

Major issues

Primary taxation issues facing the governments world over include;

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transfer tax
a transaction fee (often relatively small in relation to the value of property) imposed on the transfer of title to property.

sumptuary tax
A government levy on goods considered socially undesirable, most commonly alcohol and tobacco.

tax lot
A grouping of security holdings in an account used for enabling the calculation and treatment of the securities for tax compliance and reporting. 2003 ...

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Thu Sep 15 03:47:30 2011


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