<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/R7InIIPkEsFj4mgSQmzIKyW">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RBZL31YCqZA1E1vlIkzRRqw"/>
  <rdfs:label>tax_on_tax</rdfs:label>
  <skos:definition>"""Tax-on-Tax"" is a situation where one or more taxes in a tax jurisdiction are based on the sum of the corresponding invoice line item totals AND any other tax amount previously applied to those line item totals. For example, formerly n both Quebec and Prince Edward Island Canada had specific taxes calculated on the sum of the line items plus the federal tax paid on those line items.
"</skos:definition>
</owl:Class>
