intangible tax

Definition of "intangible tax"
  1. A type of tax associated with the rights to use, manage, and profit from intangible assets
How to use "intangible tax" in a sentence
  1. The lawyer explained that an intangible tax had to be paid on the intellectual property rights of the software.
  2. They were researching more about intangible tax laws to better manage their business's intellectual property rights.
  3. The financial advisor was helping the client understand how to deal with intangible tax imposed on their stocks.

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