system.tag.addTag

Is there a way I can pass the tag name into the system.tag.tagAdd function?

system.tag.addTag(parentPath=“Folder”, name=’%s’, tagType=“MEMORY”, dataType=“Boolean”, value=0)

Something like this?

newTagName = 'MyTagName' system.tag.addTag(parentPath="Folder", name=newTagName, tagType="MEMORY", dataType="Boolean", value=0)