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tax |
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tax n. a governmental assessment (charge) upon property value, transactions (transfers and sales), licenses granting a right, and/or income. These include Federal and state income taxes, county and city taxes on real property, state and/or local sales tax based on a percentage of each retail transaction, duties on imports from foreign countries, business licenses, Federal tax (and some states' taxes) on the estates of persons who have died, taxes on large gifts, and a state "use" tax in lieu of sales tax imposed on certain goods bought outside of the state. (See: income tax, estate tax, gift tax, use tax, unified estate and gift tax, franchise tax) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The survey concludes that changing tax rates and rules and expensive manual processes are key drivers of compliance costs. 404 compliance costs are expected to decline substantially for both large and small companies, according to a study commissioned by the Big Four. Complicated accounting rules, tax requirements, and workplace regulations may eat up billions a year in compliance costs, but the alternative, it's assumed, is giant companies with unchecked power. |
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