excise duty
Definition 1
Ad valorem tax levied on manufacture, sale, or use of locally produced goods (such as alcoholic drinks or tobacco products).
Definition 2
Ad valorem tax levied on a firm's revenue, instead of (like income tax) on the firm's income.
Definition 3
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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