exigible

Any taxpayer paying taxes exigible under a statute which it has no reason to believe or suspect is other than valid should be viewed as having paid pursuant to the statutory obligation to do so.

The Board of Review considered that the issue for their decision was whether certain profits accruing to the taxpayer from films and programmes exhibited by its customers outside Hong Kong were exigible to profits tax.

The court reasoned that it would make poor commercial sense for the bank to want no more than to ensure that the contractor channelled into the bank's possession money earned only as and when received as being exigible in reduction of the contractor's overdraft with the bank.

Such businesses or farms have no spare cash to pay the taxes which will be exacted, and the possibility of paying by instalments will be useless if the profits are not sufficient, after corporation tax or income tax, to build up to the capital transfer tax exigible.

Such a paper money would, no doubt, fall more or less below the value of gold and silver, according as the difficulty or uncertainty of obtaining immediate payment was supposed to be greater or less; or according to the greater or less distance of time at which payment was exigible.

Money is frequently sunk in France upon what are called Contracts for the constitution of a rent; that is, perpetual annuities redeemable at any time by the debtor upon repayment of the sum originally advanced, but of which this redemption is not exigible by the creditor except in particular cases.