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high tax

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  • Tax avoidance and tax evasion — Tax avoidance is the legal utilization of the tax regime to one s own advantage, in order to reduce the amount of tax that is payable by means that are within the law. By contrast tax evasion is the general term for efforts to not pay taxes by… …   Wikipedia

  • tax burden — ➔ burden * * * tax burden UK US noun [C, usually singular] ECONOMICS, TAX ► the total amount of tax paid by a particular group of people, an industry, etc., especially as compared to what other groups, industries, etc. pay:… …   Financial and business terms

  • Tax harmonization — refers to the process of making taxes identical or at least similar in a region. In practise, it usually means increasing tax in low tax jurisdictions, rather than reducing tax in high tax jurisdictions or a combination of both. The best example… …   Wikipedia

  • Tax haven — A tax haven is a place where certain taxes are levied at a low rate or not at all. Individuals and/or firms can find it attractive to move themselves to areas with lower tax rates. This creates a situation of tax competition among governments.… …   Wikipedia

  • Tax — Taxation An aspect of fiscal policy …   Wikipedia

  • Tax Reform Act of 1986 — The U.S. Congress passed the Tax Reform Act (TRA) of 1986, (USStatute|99|514|100|2085|1986|10|22) to simplify the income tax code, broaden the tax base and eliminate many tax shelters and other preferences. Although often referred to as the… …   Wikipedia

  • Tax-To-GDP Ratio — The ratio of tax collection against the national gross domestic product (GDP). Some states increase the tax to GDP ratio by a certain percentage in order to cover deficiencies in the state budget revenue. In states where the tax revenue has gone… …   Investment dictionary

  • Tax protester history — A tax protester, in the United States, is a person who denies that he or she owes a tax based on the belief that the constitution, statutes, or regulations do not empower the government to impose, assess or collect the tax. The tax protester may… …   Wikipedia

  • tax rate — The percentage of tax paid for different levels of income. Bloomberg Financial Dictionary * * * tax rate tax rate ➔ rate1 * * * tax rate UK US noun [C] TAX, FINANCE ► the percentage of an amount or value that has to be paid in tax: »Tax rates… …   Financial and business terms

  • Tax Arbitrage — The practice of profiting from differences between the way transactions are treated for tax purposes. The complexity of tax codes often allows for many incentives which drive individuals to restructure their transactions in the most advantageous… …   Investment dictionary

  • high-duty — ˈ ̷ ̷| ̷ ̷ ̷ ̷ adjective Etymology: from the phrase high duty 1. of a machine : being capable of doing a large amount of work in a specified time a high duty drill 2. : constituting products subject to a relatively high tax high duty goods …   Useful english dictionary

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