Tag: united
Glass-Steagall Act
DefinitionThe Glass–Steagall legislation describes four provisions of the U.S.A Banking Act of 1933 separating commercial and investment banking. The article 1933 Banking Act describes...
General Manager
Becoming a general manager is no easy task. It takes years of experience and hard work to even be considered for the job. But...
Tax Equity And Fiscal Responsibility Act Of 1982 (TEFRA)
What is 'Tax Equity And Fiscal Responsibility Act Of 1982 - TEFRA' Federal tax legislation passed in 1982 that modified some aspects...
Tax Court
What is 'Tax Court' A specialized court of law that hears and adjudicates tax-related disputes and issues. The tax court in the...
Recession
What is a recession and how does it affect the average person
A recession is a period of economic decline in which trade and investment...
Tariff War
DefinitionA Customs war, also known as a toll war or tariff war, is a type of economical conflict between two or more states. In...
Tariff
What is a 'Tariff' A tax imposed on imported goods and services. Tariffs are used to restrict trade, as they increase the...
Dodd-Frank Wall Street Reform and Consumer Protection Act
DefinitionThe Dodd–Frank Wall Street Reform and Consumer Protection Act was signed into United States federal law by US President Barack Obama on July 21,...
War Economy
DefinitionA war economy is the set of contingencies undertaken by a modern state to mobilize its economy for war production. Philippe Le Billon describes...
Passive Foreign Investment Company (PFIC)
What is a 'Passive Foreign Investment Company - PFIC' A passive foreign investment company (PFIC) is a foreign-based corporation that exhibits either...