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Commerce Glossary
A comprehensive resource to help you master the language of commerce.
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What is a Tax (Sales Tax)
tax
noun
A sales tax is a tax paid to the government for the sales of certain goods and services.
How Does a Tax (Sales Tax) Work?
Usually, the one who collects the funds for the tax from the consumer is the seller, at the point of completing the sale. The tax is then passed on to the government.
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