Category: Tax Law
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Tea Act
Summary of Tea Act: (1773) In relation to the legal history of the United States and the United Kingdom: Legislative plan by the British to make English tea marketable in America. The North administration hoped to reaffirm Parliament’s right to levy direct revenue taxes on the colonies. Lord […]
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Tea Act
Summary of Tea Act: (1773) In relation to the legal history of the United States and the United Kingdom: Legislative plan by the British to make English tea marketable in America. The North administration hoped to reaffirm Parliament’s right to levy direct revenue taxes on the colonies. Lord […]
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Molasses Act
Summary of Molasses Act: (1733) In relation to the legal history of the United States and the United Kingdom: A British law that imposed a tax on sugar, molasses, and rum imported from non-British colonies into North American colonies. It was intended to maintain the monopoly of the American […]
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Capital Gains Tax
Definition of Capital Gains Tax In accordance with the work A Dictionary of Law, this is a description of Capital Gains Tax : A tax charged on gains arising from the disposal of assets. The tax due is a proportion of the chargeable gain, which in general terms is the amount by which the […]
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Corporation
Definition of Corporation In accordance with the work A Dictionary of Law, this is a description of Corporation : (corporation, body corporate) n. An entity that has legal personality, i.e. it is capable of enjoying and being subject to legal rights and duties (See juristic person) and […]