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)

tax

noun assessment, capitation, charge, dues, duty, exaction, exactment, excise, imposition, impost, levy, pollage, portorium, scot, tariff, taxation, tithe, toll, tribute, vectigal
Associated concepts: action for taxes, ad valorem tax, apportionment of taxes, back taxes, collection of taxes, current tax, delinquent tax, direct tax, discriminatory tax, douule taxation, estate tax, evasion of taxation, excess profits tax, excessive tax, excise tax, federal estate tax, federal taxes, franchise tax, general tax, graduated tax, income tax, indirect tax, inheritance tax, land tax, levy a tax, power of taxation, power to tax, progressive tax, propprty tax, proportional tax, regulatory tax, retroactive tax, sales tax, tax anticipation note, tax assessor, tax deed, tax district, tax lien, tax roll, tax sale, tax title, tax warrants, transfer tax, withholding taxes

tax

(Levy), verb assess, collect, exact, lay a duty, require

tax

(Overwork), verb burden, cumber, debilitate, deprive of strength, disable, drain, encumber, exact, fatigue, load, make excessive demands, oppress, overexercise, overexert, overfatigue, overload, overstrain, overtire, overuse, push too far, require, saddle with, strain, task, tire out, tyrannize, use hard, weaken, wear down, wear out, weary, weigh down
See also: assess, assessment, charge, coerce, compel, cost, deplete, encumber, enforce, exact, excise, exhaust, fine, force, hinder, impose, levy, rebuke, reproach, require, toll

tax

a levy made by national or local government to pay for services provided by public bodies. There is no inherent power in the Crown to raise money in this way; express provision must be made by statute. Changes to tax law are made annually in the Finance Act(s); periodically the law is consolidated, as for example in the Income and Corporation Taxes Act 1988 or the Taxation of Chargeable Gains Act 1992. See TAXATION.
References in periodicals archive ?
TABLE 1 Examples of the Cost of Compliance Information Cumulative Government collection compliance hours estimate of hourly compliance cost IRS Form 1040 2.
The most expensive compliance costs associated with the storage of unstructured information include e-discovery, access governance and internal auditing activities.
Factor in crippling compliance costs, and it's clear that organizations need a better way to intelligently govern their information," said Sophia Germanides, product marketing manager, Novell.
Of the 13 firms that took part in the follow up interview, one had not indicated in the preliminary interview whether compliance costs were a major or minor issue for their firm.
The bureau said it wanted to increase public understanding of compliance costs.
The Consultant will work on behalf of IFC to implement the Tax Compliance Cost Survey, covering at least 1000 active private businesses taxpayers (total for all four respective authorities three competent for direct taxation and one competent for indirect taxation).
The impact of the revisions to the secondary aluminum MACT rule resulted in the savings of many thousands of dollars in compliance costs, while further reducing toxics emissions and chlorine fluxing rates.
Instead, the data include compliance costs for the laboratory and clinical testing of new products, for product redesign and for the installation of pollution control devices.
As an alternative to eliminating the withholding tax, the administrative process for obtaining waivers of the withholding tax should be substantially streamlined in order to reduce taxpayer compliance costs.
Escalating compliance costs for regulatory mandates, particularly those related to workplace safety, pollution abatement and corporate governance.
The company will integrate Risk Navigator with existing business applications and IT systems to support their globally dispersed organization, resulting in an overall reduction of compliance costs and related IT management time.

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