excise duty

  

Definitions (3)

1.A percentage levied on manufacture, sale, or use of locally produced goods (such as alcoholic drinks or tobacco products).
2.A percentage tax levied on a company's revenue, instead of (like income tax) on the company's income.
3.A fixed tax levied on an activity or occupation, such as the license fee charged from attorneys, doctors, and other professionals. Also called excise tax.

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