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Withholding Tax

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Wikipedia 0.01 sec.
Withholding tax
A tax levied by a country of source on income paid, usually on dividends remitted to the home country of the firm operating in a foreign country.

Payroll Tax
A tax in which an employer retains a certain percentage of an employee's wages or salary and gives it to the IRS or tax agency instead of the employee. This reduces or eliminates the possibility that the employee will spend his/her tax liability, and give the government cash flow to fund certain operations. See also: Withholding.


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The withholding tax liability is independent of the tax liability of the foreign person to whom the payment is made.
The tax-cut program targets the withholding tax on the incomes of those foreigners, who do not have to file tax returns.
and its top trading partner, Canada (such as 0 percent withholding tax on cross-border interest payments), the new "anti-hybrid" provisions of the protocol introduced an impediment that may require certain U.
 
 
 
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