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Transaction privilege tax (TPT) refers to a gross receipts tax levied by the state of Arizona on certain persons for the privilege of conducting business in the state. TPT differs from the "true" sales tax imposed by many other U.S. states as it is imposed upon the seller or lessor rather than the purchaser or lessee.
A gross receipts tax or gross excise tax is a tax on the total gross revenues of a company, regardless of their source. A gross receipts tax is often compared to a sales tax ; the difference is that a gross receipts tax is levied upon the seller of goods or services, while a sales tax is nominally levied upon the buyer (although both are ...
It emerges when political decision makers derive benefits from the rents they generate. And the beneficiaries of rent extraction can also be local governments at all levels and the private individuals. [10] Rent extraction, together with rent creation and rent seeking, determines the extent and distribution of rents. However, the three are ...
Under English feudal law, the payment of quit rent (Latin Quietus Redditus, pl. Redditus Quieti) [1] freed the tenant of a holding from the obligation to perform such other services as were obligatory under feudal tenure, [2] or freed the occupier of the land from the burden of having others use their own distinct rights that affected the land ...
Imputed rent is the rental price an individual would pay for an asset they own. The concept applies to any capital good, but it is most commonly used in housing markets to measure the rent homeowners would pay for a housing unit equivalent to the one they own. Imputing housing rent is necessary to measure economic activity in national accounts ...
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The Uniform Invoice or Unified Invoice (統一發票 pinyin: Tǒngyī fāpiào), is a type of standardized receipt in Taiwan that is issued by merchants for selling products and services, kept by both seller and consumer, with a 8-digit number for each one, for taxation purposes, managed by the Ministry of Finance of the Republic of China (Taiwan) existing in many form such as hand-written 2 ...
The Indian Revenue Service (Customs & Central Excise) (IAST: Bhāratīya Rājasva Sevā), often abbreviated to IRS (Customs & Central Excise) or IRS (Customs & Indirect Taxes), now called IRS(C&IT) is a part of central civil service of the Government of India.
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