A report on Tax
Compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.
- Tax86 related topics with Alpha
Tax avoidance
4 linksTax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law.
Tax incidence
3 linksIn economics, tax incidence or tax burden is the effect of a particular tax on the distribution of economic welfare.
Tax rate
3 linksIn a tax system, the tax rate is the ratio (usually expressed as a percentage) at which a business or person is taxed.
Proportional tax
3 linksA proportional tax is a tax imposed so that the tax rate is fixed, with no change as the taxable base amount increases or decreases.
Tariff
2 linksA tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods.
Government spending
2 linksGovernment spending or expenditure includes all government consumption, investment, and transfer payments.
Government spending or expenditure includes all government consumption, investment, and transfer payments.
Government spending can be financed by government borrowing, taxes, custom duties, the sale or lease of natural resources, and various fees like national park entry fees or licensing fees.
Monetary policy
2 linksPolicy adopted by the monetary authority of a nation to control either the interest rate payable for very short-term borrowing or the money supply, often as an attempt to reduce inflation or the interest rate, to ensure price stability and general trust of the value and stability of the nation's currency.
Policy adopted by the monetary authority of a nation to control either the interest rate payable for very short-term borrowing or the money supply, often as an attempt to reduce inflation or the interest rate, to ensure price stability and general trust of the value and stability of the nation's currency.
This is in contrast to fiscal policy, which relies on taxation, government spending, and government borrowing as methods for a government to manage business cycle phenomena such as recessions.
Taxation as theft
2 linksThe position that taxation is theft, and therefore immoral, is found in a number of political philosophies considered radical.
Redistribution of income and wealth
3 linksRedistribution of income and wealth is the transfer of income and wealth (including physical property) from some individuals to others through a social mechanism such as taxation, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law.
Pension
2 linksFund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments.
Fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments.
Occupational pensions are a form of deferred compensation, usually advantageous to employee and employer for tax reasons.