tax costs

tax costs

n. a motion to contest a claim for court costs submitted by a prevailing party in a lawsuit. It is called a "Motion to Tax Costs" and asks the judge to deny or reduce claimed costs. Example: a winning party claims a right to have his/her attorneys fees and telephone bills paid by the loser, even though they are not allowable as costs under state law or the contract which was the subject of the suit. So the loser makes a "Motion to Tax Costs" to avoid paying these charges. (See: cost bill)

References in periodicals archive ?
In six months, tax costs will rocket from pounds 500 to pounds 3000 - equivalent to the cost of driving a pounds 20,000 car.
Put simply, tax costs matter (as do labor and other costs), and the choice between a domestic and foreign location for a new plant can be significantly affected by the tax costs associated with each venue.
Regardless of the type of transaction involved, the book's emphasis is to show tax advisers how to pare the tax costs of transactions to the absolute minimum.
said the current tax costs California smokers more than $1 billion a year.
The study reveals that utility user taxes alone in Los Angeles exceed the total estimated tax costs for each of the other cities.
And, of course, two or three decades' worth of experience with state and local pension funds for teachers, firemen, and other public employee groups revealed the inevitable pressures to increase benefits, defer tax costs, and shift burdens to future generations.
Testimony also has been given supporting the restoration and expansion of the self-employed medical insurance deduction and reduction of the estate tax costs of family-owned businesses.
However, it can improve a company's worldwide bottom line by reducing overseas tax costs and reducing its global tax burden.
Tax Planning: Creative assignment planning and compensation structuring to minimize tax costs to the company and individual associated with an international assignment or transfer
The tax adviser would need to determine whether the use of the initial loss in the personal returns through the S election outweighs the extra corporate tax costs that might be incurred because of the tax rate annualization requirement accompanying midyear conversions to C status.
Greater flexibility in the manner of recovery of input tax costs should be afforded to businesses that are not fully taxable.
25 - about what the sales tax costs on some designer jeans.