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Definition of

parafiscal tax


tax levied for specific purpose a tax on a specific product or service by which a government raises money for a specific purpose. The money raised is usually paid to a body other than the national tax authority.

Definitions of ’parafiscal tax’ and meaning of ’parafiscal tax’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’parafiscal tax’ and other financial terms with our online QFINANCE Financial Dictionary.

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