MLchartDataset catalogue

Specific tax

Term · Law · MLC-T-LAW-004628

A tax levied as a fixed amount per unit of a good or service, regardless of its price. This contrasts with an ad valorem tax, which is based on a percentage of the value. Examples include a tax of a certain amount per gallon of gasoline or per pack of cigarettes, often used to discourage consumption of particular products.

Table 1. Record
IdentifierMLC-T-LAW-004628
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004628",
  "term": "Specific tax",
  "field": "Law",
  "definition": "A tax levied as a fixed amount per unit of a good or service, regardless of its price. This contrasts with an ad valorem tax, which is based on a percentage of the value. Examples include a tax of a certain amount per gallon of gasoline or per pack of cigarettes, often used to discourage consumption of particular products.",
  "url": "https://mlchart.com/terminology/law/specific-tax/"
}

Record 4,715 of 5,441 in Law terminology (MLC-0107). Request the full dataset.