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Tooltip Categories: Economics & Finance

tax fraud

The general term for efforts by individuals, corporations, trusts and other entities to evade taxes by illegal means. (source: http://en.wikipedia.org/wiki/Tax_evasion)

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tax haven

A state, country or territory where certain taxes are levied at a low rate or not at all. (source: http://en.wikipedia.org/wiki/Tax_haven)

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tax incentive

Deduction, exclusion, or exemption from a tax liability, offered as an enticement to engage in a specified activity (such as investment in capital goods) for

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tax liability

Tax liability is the payment owed by an individual, business, or other entity to a federal, state, or local tax authority. (source: investopedia.com )

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tax office [AEAT]

A tax office is a governmental office engaged in collection of revenue through taxes. (source: http://standards.phorio.com/?t=definition&code=3817677034)

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tax rate

The burden ratio (usually expressed as a percentage) at which a business or person is taxed. (source: http://en.wikipedia.org/wiki/Tax_rate)

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tax declaration

A declaration to the tax authorities of how much you have earned during a particular year, used to calculate how much tax you will have

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tax deductible business expense

A reduction of the income subject to tax for expenses incurred in trading or carrying on the trade or business. (source: http://en.wikipedia.org/wiki/Tax_deduction)

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tax deduction

A reduction of the income subject to tax, for various items, especially expenses incurred to produce income. (source: http://en.wikipedia.org/wiki/Tax_deduction)

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tax domicile

A place that a government levying a tax considers to be somebody’s home. (source: http://www.qfinance.com/dictionary/tax-domicile)

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