<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/R91pWaQviYCOFMSnuzZosu">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RBZL31YCqZA1E1vlIkzRRqw"/>
  <rdfs:label>tax_rate_percent</rdfs:label>
  <skos:definition>"Percentage tax rate against charge, i.e. 7.2516% tax_rate_percent would be represented as ""0.072516"". 

The value in this field is always positive.  In some countries, tax could be a negative number (for example, Brazil has a negative withholding tax), in which case TAX.increase_decrease = Decrease. 

If a Tiered Tax, the value in this field should be null.  The tax rates associated with a Tiered Tax are defined in the TAX_TIER_DETAIL segment."</skos:definition>
</owl:Class>