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Also available:
World English Dictionary
Dictionnaire Français
constructive receipt
con·struc·tive re·ceipt
noun
Definition:
tax on conceivable income:
a provision in tax law that allows taxation of income that could have been received at a particular time if the eventual recipient had wished
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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