The Caribbean islands are called the West Indies to correct the name, Indies, mistakenly given by Christopher Columbus. Columbus thought he had reached the Indies of Asia.
We also have lists of Words that end with tax, and words that start with tax. Search for words that start with a letter or word: 11 Letter words that contain tax. 1  Epitaxially. 2  Paclitaxels. 3  Phototaxies. 4  Phyllotaxes. 5  Phyllotaxis. 6  Pleiotaxies. 7  Stereotaxic.
Written By: Ad valorem tax, any tax imposed on the basis of the monetary value of the taxed item. Literally the term means âaccording to value.â Traditionally, most customs and excises had âspecificâ rates; the tax base was defined in terms of physical units such as gallons, pounds, or individual items. Ad valorem rates, which have come into increased use, have the important advantage of adjusting the tax burden according to the amount the consumer spends on the taxed items. They thus avoid the serious discrimination of specific rates against the low-priced varieties of the commodities.