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Local taxes |
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Local taxesIn the USA, taxes paid by an individual to a local state or county. These are deductible on the person's federal tax return. In the UK the nearest equivalent is the tax paid by houseowners to their local council (council tax). There is no tax relief on such payments but reductions can be claimed from the local council in cases where houseowners receive low income.Local taxesProperty, sewer, school, or other community paid to a locality. Local taxes are usually deductible for federal income tax purposes.Local taxes Similar MatchesDelocalizationDelocalizationAnother term for fragmentation. Used by Leamer (1996). Local authority searchesLocal authority searchesA local authority search is a check with the local authorities to establish if any new developments are planned in the vicinity of the property you are buying and to check the water drainage systems and other social infrastructure. This can highlight any public works such as a new motorway, waterworks or alterations to road systems, as well as anything else that is has had permission to take place immediately adjacent to the property. The local search will also tell you whether there are any planning restrictions that may affect your intentions to renovate or extend the property. Local optimumLocal optimumAn allocation that by some criterion is better than all those in its neighborhood. State and local government series (SLUGs)State and local government series (SLUGs)Special nonmarketable certificates, notes, and bonds offered to state and local governments as a means to invest proceeds from their own tax-exempt financing. Interest rates and maturities comply with IRS arbitrage provisions. Slugs are offered in both time deposit and demand deposit forms. Time deposit certificates have maturities of up to one year. Notes mature in one to ten years and bonds mature in more than ten years. Demand deposit securities are one-day certificates rolled over with a rate adjustment daily. Local authority investmentLocal authority investmentA bond issued by a local authority in order to raise capital for its budget. Further SuggestionsLocallocal Local expectations theory Local expectations hypothesis (LEH) Local content requirement Local portal Localization |
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