Although Democrats have dominated in state elections for some time, and it is only a Republican remnant that has been blocking tax increases, California voters at an earlier stage empowered this minority to hold off levy hikes when they approved Proposition 13, a constitutional amendment.
If governments on either side were to levy countervailing import duties (as the WTO allows when an illegal subsidy persists), it could spark a disastrous trade war.
ECONOMIST: Boeing gets huge illegal subsidies, the WTO rules
None of this is as irrational as the run-up in technology stocks in the late 1990s, when shrewd investors like Leon Levy dared go short and ride the turmoil to profits.
Regulators are also trying to write the final rules that will limit how much banks may charge when retailers swipe debit cards, as well as restricting banks' ability to levy overdraft and other fees on current accounts.
British hauliers, who face similar charges when their lorries travel in the EU, will also have to pay the UK levy, but vehicle excise duty will be cut to compensate.
Cyprus when bank depositors had electronic transfers blocked and were initially told to prepare for a confiscatory levy of up to 9.9% of their deposit balances across the board.
When New York magazine magazine writer Dany Levy launched DailyCandy in 2000 as a means to share her fashion finds with an Internet audience, she felt confident her idea was a good one.
It is, rather about whether sellers must collect the levy at the point of sale or whether consumers have to pony up when they file their tax returns through a use tax that most state impose but few people actually pay.
And when you die, what you have left is subject to death taxes, including your IRA, where the levy can reach 85% on any money left in it.
Lord Levy said he had been "literally trembling with shock" when he first heard he was going to be arrested in July 2006.
Julia Gillard, the prime minister of Australia, scored a political victory when the lower house of parliament passed the controversial Minerals Resource Rent Tax, which will subject mining companies to a higher levy on annual profits.
This could mean the Welsh Assembly is given more powers to levy some taxes, such as rubbish dumping costs, air passenger duty on flights and stamp duty when buying homes, although it would not be limited to those taxes.
But when the poll tax - a levy on individuals -- and her "no, no, no" response to Europe frightened her party into dumping her in 1990, they woke up the next morning and felt guilty about what they had done to their one-time heroine.
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