intangible tax(redirected from Intangible Taxes)
A tax imposed on an intangible asset. For example, an intangible tax may be levied on a brand or a stock. Intangible taxes can be difficult to assess because of the difficulties inherent in valuing intangible assets. In the United States, intangible taxes are imposed at the state and local levels.
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A tax imposed by some states or local governments on the value of intangible assets such as stocks, bonds, money market funds, and bank account balances.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.