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ADB: An abbreviation that stands for either the African Development Bank the Asian Development Bank. The African Development Bank is a regional multilateral development institution engaged in promoting the economic development and social progress of its member countries in Africa. The Bank, established in 1964, started functioning in 1966 with its Headquarters in Abidjan, Cote d' lvoire. The Bank borrows funds from the international money and capital markets. Its shareholders are the 53 countries in Africa as well as 24 countries in the Americas, Europe, and Asia. The Asian Development Bank is a multilateral development finance institution dedicated to reducing poverty in Asia and the Pacific that engages in mostly public sector lending for development purposes in its developing member countries. They pursue this goal by helping to improve the quality of people's lives providing loans and technical assistance for a broad range of development activities. ADB raises fund through bond issues on the world's capital markets but they also rely on members' contributions. The ADB was established in 1966 and has its headquarters in Manila, Philippines. As of September of 2003, the ADB had 58 member countries.
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                           PER UNIT TAX: A tax specified as a percentage of the quantity of a good, service, asset, or other activity. Per unit taxes are often imposed on specific goods or markets. A common per unit tax is that levied on gasoline. People pay a given tax for each gallon of gasoline purchased, regardless of the price of gasoline. An alternative is an ad valorem tax, with is a tax specified as a percentage of the value or price of a good. A per unit tax is a tax in which the tax base is specified as a physical quantity rather than a dollar value. If, for example, the federal government places a per unit tax of 10 cents on gasoline, then buyers and/or sellers are responsible for paying an extra 10 cents on each gallon sold, regardless of the price.If you buy 10 gallons of gasoline for your small compact car, then the federal government collects a total tax of $1 (10 cents x 10 gallons). If your close friends buys 20 gallons for a larger SUV, then the then the federal government collects a total tax of $2 (10 cents x 20 gallons). It matters not that you paid $3 a gallon and your friend paid only $2.50. This type of tax can be illustrated using the following tax calculation equation. The total tax collected is the product of the tax rate and the tax base. A per unit tax exists if the tax base is specified as a physical quantity. In the previous example, the tax rate is the per unit tax of 10 cents per gallon of gasoline and the tax base is the quantity of gasoline, the number of gallons sold. Per unit taxes are generally applied to specific goods, services, or other activities, usually for very specific reasons. A common reason is to invoke the allocation effect as a means of discouraging the production, consumption, or exchange of the particular commodity.For example, the U.S. Environmental Protection Agency might impose a per unit tax on sulfur dioxide emissions from coal fire power plants as a means of discouraging pollution. Fewer emissions mean fewer taxes. In this case, the value of the emissions is not particularly relevant, only the total quantity. An alternative type of tax is an ad valorem tax, in which the tax base is specified as a dollar value. An ad valorem tax, in contrast to a per unit tax, depends on price. A higher price means a higher tax.
Recommended Citation:PER UNIT TAX, AmosWEB Encyclonomic WEB*pedia, http://www.AmosWEB.com, AmosWEB LLC, 2000-2024. [Accessed: May 2, 2024].
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Today, you are likely to spend a great deal of time flipping through the yellow pages seeking to buy either a T-shirt commemorating the first day of spring or a coffee cup commemorating last Friday (you know why). Be on the lookout for telephone calls from former employers.
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The Dow Jones family of stock market price indexes began with a simple average of 11 stock prices in 1884.
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"Leadership is based on inspiration, not domination; on cooperation, not intimidation. " -- William A. Ward
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AAO
Authorized Acquisition Objective
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