Sales tax is a tax paid to a governing body (state or local) for the sale of certain goods and services. First enacted in the United States in 1921, sales tax dates back to ancient Egyptian times where paintings depict the collection of tax on commodities. Arkansas first adopted a general state sales tax in 1935. Since that time, the rate has risen to 6.5%. As a business owner selling taxable goods or services, you act as an agent of the state of Arkansas by collecting sales tax from purchasers and passing it along to the Department of Finance.
The Equitable Life Payment Scheme was set up by HM Government to make fair and transparent payments to Equitable Life policyholders who suffered financial losses as a result of government maladministration which occurred in the regulation of Equitable Life.
Something that is equitable is fair and reasonable in a way that gives equal treatment to everyone. He has urged them to come to an equitable compromise. American English: equitable