Ad valorem: Difference between revisions
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''Tax.'' | |||
A tax based on the value of a transaction, normally a percentage. | |||
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More generally, any charge or fee based on the value of a transaction. | |||
Revision as of 14:55, 13 May 2016
1.
Tax.
A tax based on the value of a transaction, normally a percentage.
2.
More generally, any charge or fee based on the value of a transaction.
For large transactions, ad valorem taxes, charges and fees will also normally be very large, even if the percentage rates quoted sound modest.
