Search results for: “indirect tax”
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Tax Avoidance
Tax Avoidance Definition Tax avoidance may be defined as the act of reducing taxation, it is about getting round the law to minimice a tax impact of any operation. Through tax avoidance, a taxpayer takes advantage of all legal opportunities to reduce his or her tax liability. An […]
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Tax System
Summary of Forced Tax System A practice applied in some countries (most notably in Europe) in which corporate income taxes are computed by a governmental agency. Unlike the American system, under which the firm prepares its own return and computes its tax liability (subject to subsequent […]
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Estate Tax
Other Popular Tax Definitions in the World Legal Encyclopedia Adjusted Gross Income (sometimes, including Estate Tax) Ad Valorem Tax (sometimes, including Estate Tax) Alternative Minimum Tax (sometimes, including Estate Tax) Big Four (audit firms) (sometimes, including Estate Tax) Black […]
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Estate Tax
Other Popular Tax Definitions in the World Legal Encyclopedia Adjusted Gross Income (sometimes, including Estate Tax) Ad Valorem Tax (sometimes, including Estate Tax) Alternative Minimum Tax (sometimes, including Estate Tax) Big Four (audit firms) (sometimes, including Estate Tax) Black […]
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Carbon Tax
Carbon Taxes The release of greenhouse gases in the atmosphere is a clear example of a negative externality that imposes significant costs on a global scale. In the language of economic theory, the market for carbon-based fuels such as coal, oil, and natural gas takes into account only […]
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Carbon Tax
Carbon Taxes The release of greenhouse gases in the atmosphere is a clear example of a negative externality that imposes significant costs on a global scale. In the language of economic theory, the market for carbon-based fuels such as coal, oil, and natural gas takes into account only […]
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Income Tax
Other Popular Tax Definitions in the World Legal Encyclopedia Adjusted Gross Income (sometimes, including Income Tax) Ad Valorem Tax (sometimes, including Income Tax) Alternative Minimum Tax (sometimes, including Income Tax) Big Four (audit firms) (sometimes, including Income Tax) Black […]
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Income Tax
Other Popular Tax Definitions in the World Legal Encyclopedia Adjusted Gross Income (sometimes, including Income Tax) Ad Valorem Tax (sometimes, including Income Tax) Alternative Minimum Tax (sometimes, including Income Tax) Big Four (audit firms) (sometimes, including Income Tax) Black […]
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Value Added Tax
Summary of Value Added Tax A tax imposed upon the value added to a product at each stage of the production process. The tax is applicable to all goods, from primary to consumer products. Each processor in the chain of production pays the tax in the purchase price of the goods, applying the […]
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Tax Haven
A legal jurisdiction that levies no, or very low, taxes on the income of firms organized under its laws or operating within its borders. Often the exemption is limited to firms organized in, but not operating in, the country….
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Tax Haven
A legal jurisdiction that levies no, or very low, taxes on the income of firms organized under its laws or operating within its borders. Often the exemption is limited to firms organized in, but not operating in, the country….
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Direct Taxes
Direct Taxes and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Direct Taxes: Taxes on all forms of income including wages, profits, interest, rents, and royalties, or on the ownership of […]
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Direct Taxes
Direct Taxes and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Direct Taxes: Taxes on all forms of income including wages, profits, interest, rents, and royalties, or on the ownership of […]
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Border Tax Adjustments
A refund or rebate of indirect taxes on merchandise, such as sales or value added taxes, when the goods are exported. Such rebates are authorized under the General Agreement on Tariffs and Trade ("http://lawin.org/General-Agreement-on-Tariffs-and-Trade/">read about the GATT […]
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Tax Forms
Other Popular Tax Definitions in the World Legal Encyclopedia Adjusted Gross Income (sometimes, including Tax Forms) A…