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.
Bonuses and penalties are added to each nation (as needed) while landlocked countries (ex: Austria) are not penalized for lack of a standing navy though they do suffer penalties for not maintaining a useful merchant marine force. A total of 126 countries make up the GFP ranked list.