A tax assessed and levied by a local authority such as a county or municipality. A local tax is usually collected in the form of property taxes, and is used to fund a wide range of civic services from garbage collection to sewer maintenance. The amount of local taxes may vary widely from one jurisdiction to the next. Also known as municipal tax.. Next Up.
LE BOURGET, France â With the sudden bang of a gavel Saturday night, representatives of 195 nations reached a landmark accord that will, for the first time, commit nearly every country to lowering planet-warming greenhouse gas emissions to help stave off the most drastic effects of climate change.
Demonstrators gather for People's Climate March in Washington in April 2017. Thomson Reuters In December 2015, nearly every country, including all of the world's biggest polluters, came together in Paris and agreed to limit carbon emissions. The Paris Agreement was designed to keep the planet from warming by more than 1.5 degrees Celsius above preindustrial levels. It was a cornerstone of President Barack Obama's environmental legacy. Now President Donald Trump is withdrawing the US from the accord. Here's a quick primer on the Paris Agreement. What did the US agree to? The Paris Agreement laid out a framework for countries to adopt clean energy and phase out fossil fuels. Each country submitted a climate-action plan laying out how it would achieve these goals.