tax abatement

tax accounting tax avoidance tax base tax bite tax bracket tax break tax credit tax declaration tax deduction tax dodge tax evasion tax exile tax form tax haven tax holiday tax incentive tax inspector tax invoice tax liability tax lien tax loss

The right to pay a very low rate of tax on something. Tax abatements are often used to encourage businesses to invest in times of difficult... Accounting that deals with preparing a person's or company's financial information, so that it is possible to calculate how much tax they... Using legal means to pay the least amount of tax possible. Trying to avoid tax using illegal methods is called tax evasion. Also see tax... The aggregate value of the financial streams or assets on which tax can be imposed. In the case of income tax, for instance, the tax base is... The part of someone's income or other money that is taken in the form of tax. A tax rate that applies to a specific level of income. In a progressive income tax system, an individual moves to a higher tax bracket as... A special reduction in taxes that the government allows for a particular purpose. A reduction in tax liability typically offered by a government to encourage a certain activity. A declaration to the tax authorities of how much you have earned during a particular year, used to calculate how much tax you will have to... Deducting an expense from taxable income to reduce the total amount of tax paid. Only certain expenses are tax-deductible. These are... An illegal way of paying less tax. Using illegal methods in an attempt to avoid paying tax. Someone who lives abroad to avoid paying high taxes in their own country. When someone lives as a tax exile. A document on which you give detailed information about the amount of money you have earned, so the government can calculate how much tax... A country with little or no taxation that offers foreign individuals or corporations residency so that they can avoid tax at home. A period of time during which a company does not have to pay tax on all or part of their profits, for example when they first open a new... An offer to pay less tax, given to people who do something that the government is trying to encourage. Someone who works for the government, deciding how much tax people or businesses should pay. In Britain, an invoice giving details of VAT (=a form of sales tax) to be paid. The state of having to pay an amount of tax.An amount of tax that a person or organization must pay. A lien where the tax authorities have the right to take a person's or organization's assets because they have not paid tax. A loss made deliberately by a business to avoid paying tax on profits, usually by bringing forward capital spending to use up profits at the...

tax provision tax rate tax rebate tax relief tax return tax schedule tax shelter tax shield tax subsidy tax take tax threshold tax year tax-and-spend tax-deductible tax-deferred tax-efficient tax-equivalent yield tax-exempt ax-exempt income tax-free tax-free zone taxable taxable income taxable profit taxation taxation of foreign branches taxation of foreign profits

A provision for tax that a company will probably have to pay. The proportion of income, spending or asset value that is taxed, expressed as a percentage. No definition or related terms available. The right not to have to pay tax on part of a sum of money that is earned or received. Sometimes the tax is paid first, and then given back... The form on which you have to give information so that your tax can be calculated. One of the different classes that incomes are put into under tax law. For example, in Britain there are six schedules from A to F, and... Any systematic means used to avoid or reduce tax legally. Making use of deductions that reduce liability to income tax. A reduction in the amount of tax that a business has to pay, allowed by the government for a particular purpose, especially to create jobs. ... The amount of money a government or local authority receives from taxes. The level above which income is taxable. A 12-month period at the end of which your taxable income is calculated. In Britain the tax year ends on April 5. Used to describe people who believe that governments should raise money through taxes and spend a lot of money, particularly on... No definition or related terms available. Not taxed until a later time. Investing or operating a business in a way that results in a lower tax bill. The pretax yield a taxable bond would have to pay to be an equivalent investment to a similar bond whose interest is tax-exempt. Free from tax. A part of personal income on which you do not have to pay income tax. Tax-free income, investments, activities etc are not taxed. Another name for duty-free-zone. If something is taxable, you must pay tax on it. The amount of income that is subject to tax, after making all allowed deductions and applying any available tax credits. Profit that can be legally taxed. The levying of tax. Broadly, UK companies are subject to UK Corporation Tax on the profits of their foreign branches (with credit for overseas tax paid) but... Following extensive consultation the Government announced in the 2008

Pre-Budget Report a package of measures to reform the taxation of... taxman taxpayer taxpayer dollars A tax inspector. The taxman: the government department that collects taxes. A person or organization that pays taxes. Taxpayer dollars is another way of describing public spending. It has slightly pejorative overtones implying government waste.