Trade

Trade means:
a business, profession, or occupation; but also may be a commerce transaction. A trade often implies (or may imply) a skilled handicraft, which is pursued on a continuing basis, such as carpentry. Trade or business expenses are deductible, in contrast to nondeductible personal expenses or to investment expenses, which have limited deductibility.

TRADE INTANGIBLE in the U.S. and other Developed Countries International Tax Meaning

A commercial intangible other than a marketing intangible.

Description and Definition of General Agreement on Tariffs and Trade (GATT)

GATT is an international agreement designed to stimulate trade. It encourages lowering tariffs and abolishing restrictive import quotas.

Resources

See Also

Further Reading

• General Agreement on Tariffs and Trade (GATT) in the West's Tax Law Dictionary
• General Agreement on Tariffs and Trade (GATT) in “A Dictionary of Taxation”