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Tax Law

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ALSO CALLED: Taxation
DEFINITION: In the U.S., NET FAIR, which is short for the New Economy Tax Fairness Act, is a proposed bill (S664) that would define clear standards by which a business or individual can be considered to have sufficient economic ties to a particular state or locality to justify taxation by that entity with the assumption that it could not be taxed by comparable entities elsewhere. (Such economic ties are known  … 

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