Surtax

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Surtax

A tax added to the normal tax paid by corporations or individuals who have earned income above a certain level.

Surtax

An additional tax placed on a person or corporation on a tax liability. For example, a government may calculate one's tax liability and simply add, say, 5% to it. Surtaxes are often politically unpopular. A surtax is also called a supertax.
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The taxis that were unable to take him home included black and whites and Supertax. We walked back round to the Old Monk and by now we had enlisted the help of Sgt Keith Joshua and his Inspector of South Wales Police.
David Murray may be on to his latest multi-million-pound spending spree adding Gabriel Amato, Arthur Numan and Giovanni Van Bronkhorst to his supertax squad.
Pointing the host of budgetary measures including increased Federal Excise Duty (FED), reduction in coal import duty, an extension of supertax, the gradual reduction in corporate tax rate, reduction in mandatory payout requirement, an extension of tax credit relief, and change in recognition of depreciation allowance has affected the sector negativity.
1909: In a revolutionary Budget, Chancellor David Lloyd George introduced a 'supertax"'of sixpence in the pound for anyone earning more than PS5,000 a year to pay for pensions and re-armament.
David, 36, from Wythenshawe, was biting into a slice of hot pizza from Greggs that supertax and or pasty Government the people TAYLOR, 36 cost him pounds 1.02 and looks like going up to at least pounds 1.22 after the pasty tax.
Why is Labour''s wildly-popular "supertax" on outrageous City bonuses - which raised a staggering pounds 2bn this year - a one-off, when the bailed-out bankers will be sponging off taxpayers for years to come?
The "supertax" would reportedly be levied on bonuses above a fixed rate, rather than basic salaries.
And as they battle it out in the relegation zone with Motherwell and Kilmarnock, the twosome admit that being a big name import doesn't immediately put you in the supertax bracket alongside di Canio and Gazza.
The government had imposed 4 per cent supertax in the Finance Act 2015-16 for the period of one year but was later extended for another year.
April 29, 1963: Parishioners at Birchencliffe Parish Church vowed to start work on their new PS10,000 parish hall themselves to get the scheme up and running 1909: In a revolutionary Budget, Chancellor David Lloyd George introduced a 'supertax' of sixpence in the pound for anyone earning more than PS5,000 a year to pay for pensions and re-armament.
Imposing a supertax above a certain amount would be a very effective way of convincing them they are living beyond our means.
The current arrangements amount to a "supertax" on some of the worstoff in society, said the minister, adding that he feels a maths degree is needed to work out how to claim benefits.