contingency tax


A one-time event in which a government levies a tax to pay for a specific problem or economic issue. A government might levy a contingency tax to aid recovery from a natural disaster, or to offset an excessive level of imports flooding a product market.

Related Videos

Have a question about contingency tax? Ask for help in the
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z