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tax base |
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Tax base The assessed value of the taxable property, assets, and income within a specific geographic area. Tax Base The value of all assets that a government may tax. The tax base may increase for a number of reasons, particularly with the creation of wealth or when persons with high income move to an area. The tax base is particularly important to local governments because persons with large amounts of assets can move in and out with relative ease. The tax base is also the reason that government revenues tend to increase during economic growth and shrink during recessions.
tax base The assessed value of all the property within a taxing jurisdiction.Local governments are always extremely sensitive to the size of the tax base and the need to increase it,and will often offer incentives to developers who will increase the sales taxes in the area,increase the tax base through additional improved properties, or increase the tax base through redevelopment and increased property values. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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Written by 28 American academics, researchers, and government analysts, the text includes an introductory overview followed by nine contributions--eight paired with expert commentary--which provide background on recent property tax trends, examine several significant responses to the increasing importance of residential property, estimate the extent of property tax base erosion and its effects, and consider other topics related to property tax base erosion. ISLAMABAD, September 05, 2009 (Balochistan Times): Bolstering tax collection is a central part of policy to overcome Pakistan macro-economic weakness and sustain development, indicated a report tilted Pakistan tax policy report- Tapping Tax Base for Development. Each year, the commercial and industrial tax base shrinks, increasing the burden on both residents and businesses alike. |
tax base |
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