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Vocabulary Term Details

Taxes

Definition (http://en.wikipedia.org/wiki/Tax)

A tax (from the Latin taxo; "I estimate") is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law. Taxes are also imposed by many administrative divisions. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent. (Wikipedia)

Preferred Units: N/A

Scope Note:
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Broader TermsNarrower TermsRelated Terms
Fiscal policies
Direct taxation
Indirect taxation
Value added tax
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This term is used for the following terms: 
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Approved Date
21-Dec-2012

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