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 ?
1 indicates, compliance costs of taxation occur in different forms and we tried to include not only classic compliance costs that occurred internally, or were paid to external bodies, but also some indirect compliance costs--namely the value of time (see Sandford (1989, pp.
How much of that stems from higher compliance costs is unclear.
Setting aside the half-baked Keynesian stimulus nonsense, here is what we know, using the EPA's own numbers: Even with $8.8 billion in estimated compliance costs, the EPA admits that the CPP will result in the premature retirement of 50 gigawatts (GW) of coal-fired power, which represents one-fifth of current capacity.
Although executives complain about compliance costs, data differ on whether costs are stabilizing or continuing to mount.
Ponemon found that smaller-sized organisations were susceptible to a proportionally high rate of compliance costs associated with the storage of unstructured information.
Marginal costs are not average costs and therefore cannot be simply multiplied by the greenhouse gases reduced to estimate total compliance cost. They also need to be put into the context of the overall reduction achieved at the given point and time being examined.
This collection of papers was prepared following the joint conference on Compliance Costs in an Enlarged European Union, held June 6-8, 2006, in Rust, Austria.
The review of literature shows that compliance costs primarily originate from the complexity in the tax system.
While overall SOX compliance costs have "plateaued" Foley said the out-of-pocket costs facing public companies increased between FY 2005 and FY 2006, driven by increased audit fees, board compensation, and legal fees.
This report's objectives are to (1) identify, using case studies, the compliance costs of existing information reporting; (2) determine the kinds of third-party compliance costs that may result from the two budget proposals and options for mitigating the costs; and (3) determine IRS's ability to process and use additional information returns.
It includes full text and commentary on the revision of the FTC Franchise Disclosure Rule, including the Commission amendments which are intended to streamline the disclosure requirements, minimize compliance costs and respond to changes in technologies and market conditions.
$2.5 million per $1 billion in revenue -- Amount spent by typical companies on financial controls, including direct compliance costs, Sarbanes-Oxley Section 404 audit fees, and the cost of performing finance controls.

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