Parafiscal Tax
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Parafiscal Tax
A parafiscal tax is a tax on a specific product or service by which a government levies money for a certain purpose. The money raised is usually paid to a body other than the national tax authority. In the European Union, one type of parafiscal charges (or parafiscal levies) is levied “by public or private agencies on the production or marketing of agricultural products with a view to financing activities for the benefit of the sector Sector may refer to: Places * Sector, West Virginia, U.S. Geometry * Circular sector, the portion of a disc enclosed by two radii and a circular arc * Hyperbolic sector, a region enclosed by two radii and a hyperbolic arc * Spherical sector, a p ... as a whole”.European Commission - GENERAL GUIDELINES RELATING TO "PARAFISCAL" CHARGES
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Economic Sector
One classical breakdown of economic activity distinguishes three sectors: * Primary: involves the retrieval and production of raw-material commodities, such as corn, coal, wood or iron. Miners, farmers and fishermen are all workers in the primary sector. * Secondary: involves the transformation of raw or intermediate materials into goods, as in steel into cars, or textiles into clothing. Builders and dressmakers work in the secondary sector. * Tertiary: involves the supplying of services to consumers and businesses, such as babysitting, cinemas or banking. Shopkeepers and accountants work in the tertiary sector. In the 20th century, economists began to suggest that traditional tertiary services could be further distinguished from "quaternary" and quinary service sectors. Economic activity in the hypothetical quaternary sector comprises information- and knowledge-based services, while quinary services include industries related to human services and hospitality. Economic ...
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