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Published On: Tue, Aug 12th, 2014

Is it a tax or a levy?

The Black’s Law Dictionary defines a tax as a charge, usually monetary, imposed by the government on persons, entities, transactions, or property to yield public revenue. Most broadly, the term embraces all governmental impositions on persons, property, privileges, occupation, and enjoyment of the people, and includes duties, imposts, and excises. On the other hand, a…

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