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"The most logical and achievable means of support is via a nominal levy on the revenues of large scale news intermediaries in online search and social networking, including Google and Facebook.
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Shell already adds a nominal carbon levy of $40 per tonne to its projects when deciding whether to invest in the region, calling this a "licence to operate", even though Alberta's own carbon tax is just C$15 per tonne.
A small nominal charge is levied for registration to the program, which is outweighed almost immediately by the savings made.
High inflation can also cause distortions in taxation, as taxes are levied on nominal gains that reflect only inflation, rather than real income growth.
Moreover, inflation in the near term will be less than previously expected: a vital point, because taxes are levied on nominal national income.
Even if nominal yields fell to 4%, as the Levys predict, bonds would still be returning 3% above the inflation rate — historically a good yield.
When the Tory grandee Sir George Young said Lord Ashcroft was actually a "non-dom", paying a nominal UK tax bill but allowed to avoid any levy on overseas assets, the Tories quickly said he had "mis-spoken".
Despite the traditional resistance of the Bedouins to any restraining central authority, by 631 Muhammad was able to exact from the majority of their tribes at least nominal adherence to Islam, payment of the zakāt, a tax levied on Muslims to support the poor, and acceptance of Medinan envoys.
Because countries generally do levy higher tariffs on final products than on inputs, effective rates of protection are usually higher than nominal rates often much higher.
Nominal GDP.
ARIEL LEVY: Oh jesus!
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com