Tax Rate

(redirected from Effective tax rate)
Also found in: Dictionary, Thesaurus, Financial, Acronyms, Encyclopedia.

Tax Rate

The amount of charges imposed by the government upon personal or corporate income, capital gains, gifts, estates, and sales that are within its statutory authority to regulate.

Tax rate schedules are utilized by taxpayers whose taxable incomes exceed certain designated amounts. Separate schedules are provided for married individuals who file jointly, unmarried people who maintain a household, single people, estates, trusts, and married couples who file separate returns.

Cross-references

Income Tax; Taxation.

References in periodicals archive ?
Effective tax rate of the Bank rose to 45%, from 42% for the same period last year.
For more detailed analysis, the effective tax rates based on asset groups (i.e., big to small) and leverage groups (i.e., high to low) in quartiles was also presented.
The average effective tax rate for these estates is estimated to be about 4.9 percent of their value.
The effective tax rate, based on worldwide income, is then applied only to the California taxable income of the nonresident to determine the tax amount owed to California.
The effective tax rate on the income of the French CFC is 34%.
For groups with overseas subsidiaries this Finance Company regime should significantly reduce cash tax payments and the effective tax rate in the statutory accounts.
Thomas Neubig, national director of Ernst & Young LLP's Quantitative Economics and Statistics Practice, says that a lower corporate tax rate would lower financial statement effective tax rates and increase book net income for most corporations.
multinationals to achieve a lower worldwide effective tax rate than a territorial system that includes a lower statutory rate on U.S.
An analysis by NHBR of the amount 13 locally based, publicly traded companies paid in taxes in fiscal year 2010 shows they had an average effective tax rate of 24 percent.
While the bottom line is set to remain under pressure due to the still-high effective tax rate and opex growth, the top line is likely to rise.
The average effective tax rate of mining multinationals in Australia is 13%, according to a study by American tax economists, Douglas Shakelford and Kevin Markle, which looked at effective tax rates faced by multinational and domestic companies around the world.

Full browser ?