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tax
(redirected from tax system)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
tax,
n a ratable portion of the proceeds or value of the property and labor of the citizen; any contribution imposed by government for the use and service of the state.
tax brackets,
n.pl the income intervals of the graduated income tax law that establish the rate of tax for each level of income.
Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA),
n.pr legislation (Public Law 97-248) affecting health maintenance organizations and the Medicare and Medicaid programs. Provides regulations for the development of HMO risk contracting with the Medicare program and, through an amendment, establishes new provisions for the foundation and operation of peer review organizations.
tax planning,
n making business and investment decisions based on estimated income and current and projected tax laws.
tax shelter investments,
n.pl investments that reduce, remove, or defer income from state and federal income tax liability.

tax
Vox populi Monies paid to a governing body. See Dean's tax, Fat tax, Provider tax, Sin tax.


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Summary: The draft Finance Act 2010, adopted by the Council of Ministers and submitted to the Office of the People's National Assembly (Parliament) plans several measures to simplify the tax system and reduce the tax burden on income, while introducing new taxes.
Summary: <p>Finance Minister Mohammad Shatah said on Wednesday that it was imperative to implement the tax system in order to ensure the continuation of growth and financial stability.
These deficiencies largely imply that the tax system has failed the common interests of taxpayers, tax policy makers, and tax administrators.
 
 
 
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