
OPEC is short for The Organization of the Petroleum Exporting Countries. OPEC has been operating since its inception in the 1960s, when it formed as a reaction to Western oil producers attempting to drive down oil prices. |
Many states have enacted use taxes as substitute for sales tax. Each state which has a sales tax also imposes a use tax in order to tax goods made and purchased out of state but for which you have not paid your state's sales tax. |