→ Taxation → Start Learning / Flashcards Téléchargement MP3

Télécharger mP3 Imprimer jouer consultez

question		réponse
Tax authority commencer à apprendre		official body responsible for levying and collecting taxes
Double taxation commencer à apprendre		taxation of both company profit and shareholder's income
Flat rate tax commencer à apprendre		in other words, proportional tax
Tax return commencer à apprendre		tax declaration
Tax arrears commencer à apprendre		occurs when taxes are not paid or are paid too late
Tax avoidance commencer à apprendre		legally minimising the amount of due tax. Using loopholes in tax laws to reduce the amount of tax.
Tax bracket commencer à apprendre		tax threshold
Tax deductible odliczane commencer à apprendre		expenses that are deducted from taxable income
Tax evasion illegal commencer à apprendre		making false tax returns in order to pay less tax
Tax exempted commencer à apprendre		reimbursement of taxes due to tax reliefs – zwolnione z podatku
Tax haven commencer à apprendre		low tax zones
Tax payer commencer à apprendre		person whose income is taxable
Tax refund (rebate) commencer à apprendre		not taxable
Tax relief commencer à apprendre		a way of reducing a tax by spending money on particular purposes
Tax remitter commencer à apprendre		person or entity that actually transfers money to pay due tax
Direct taxes commencer à apprendre		by person to government property, income, value
Indirect taxes commencer à apprendre		taxes paid on sale of goods and services. Collected by store but paid by a consumer.
Tax income commencer à apprendre		the direct tax paid on salaries and company profits
Indirect Taxes commencer à apprendre		taxes on property and sales transactions, customs duties on imports, and excise duties on tobacco, alcoholic drinks, petrol etc.
Progressive tax commencer à apprendre		A tax that is levied at higher rate on higher incomes. You pay more taxes as you earn more.
Regressive tax commencer à apprendre		applied across the board. Hits lower income individuals harder.
Proportional taxes (Flat tax) commencer à apprendre		constant, marginal rate for everyone. Everyone pays the same tax equally.
Value added tax commencer à apprendre		A sales tax collected at each stage of production, excluding the already
Capital Gains tax commencer à apprendre		tax which includes profits made from the sale of assets
Inheritance tax commencer à apprendre		includes large gifts and inheritances
Wealth tax commencer à apprendre		an annual tax imposed on people's fortunes
Money laundering commencer à apprendre		criminal organizations often pass money through a series of companies and bank accounts in order to disguise its origin from tax inspectors and the police.
IRS commencer à apprendre		calculate tax by using marginal income tax brackets

Taxation

Vous devez vous connecter pour poster un commentaire.

plus