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Tooltip Tags: taxation

rateable value

An official value, based partly on its size and type, which decided the amount of local tax that the owner should pay. (source: http://dictionary.cambridge.org/dictionary/british/rateable-value)

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public treasury

The revenues or funds of a government. Iin various countries the government department in charge of finance. In Britain the Treasury is also responsible for

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property tax [IBI]

A levy on property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the

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output VAT

Ad valorem tax charged on the selling price of taxable goods or services, and is payable by the customer. (Read more: http://www.businessdictionary.com/definition/output-tax.html#ixzz2XJSFq5l5)

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municipal tax

A tax assessed and levied by a local authority such as a county or municipality. A local tax is usually collected in the form of

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