tax

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tax

a levy imposed by the government on GOODS and SERVICES (INDIRECT TAX) and the INCOME and WEALTH of persons and businesses (DIRECT TAX). The government uses taxes for a number of purposes such as:
  1. to raise revenue to finance government spending (see BUDGET);
  2. to promote social equity by redistributing income and wealth (see DISTRIBUTION OF INCOME);
  3. to regulate the level of total spending in the economy (see FISCAL POLICY);
  4. to protect domestic producers from imports (see TARIFF). See INCOME TAX, CORPORATION TAX, CAPITAL GAINS TAX, WEALTH TAX, INHERITANCE TAX, VALUE-ADDED TAX, CUSTOMS DUTY, EXCISE DUTY.

tax

a levy imposed by the government on the income, wealth and capital gains of persons and businesses (DIRECT TAX), on spending on goods and services (INDIRECT TAX), and on properties. In the UK, taxes on income include personal INCOME TAX and CORPORATION TAX; ‘inheritance tax’ is used to tax wealth (see WEALTH TAX) and CAPITAL GAINS TAX is used to tax ‘windfall’ profits; taxes on spending include VALUE-ADDED TAX, EXCISE DUTY and TARIFFS; taxes on properties include the council tax (see LOCAL TAX) and the UNIFORM BUSINESS RATE. Such taxes are used to raise revenue for the government and as a means of controlling the level and distribution of spending in the economy. See TAXATION, PUBLIC FINANCE.
References in periodicals archive ?
The heirs should be allowed to make a post-mortem commitment to keep the inherited land in forests and be taxed at that value rather than being mugged by taxers for their relatives' lack of pre-death planning.
Malgre tout, l'idee de taxer les non-residants est frequemment ramenee dans l'actualite.
"Ca ne cree pas d'ailleurs d'installations de Britannique sur notre territoire", a-t-il plaisante, "sauf pour des residences secondaires que nous ne voulons d'ailleurs pas taxer davantage".
En meme temps, ils vont taxer une intervention ministerielle directe d'<< ingerence >> qui compromet l'independance de la societe ou de l'organisme dans la definition et l'application de son propre plan d'activites.
defending, that Mr O'Neill had many enemies and was a known burglar and "taxer" who demanded money from people in the area.
Il n'a pas trouve mieux, pour celebrer le nouvel an, que de taxer ses concitoyens de fetards et flemmards, pendant que lui se tue a la tache.
Or, si l'on en croit Christopher Balding, economiste a l'Ecole de commerce HSBC a Shenzen dans le Sud de la Chine, en matiere de represailles, Pekin se trouvera demuni face a Washington car en important tres peu de produits americains, elle n'a pas de marchandises a taxer et ne pourrait, dans le meilleur des cas, que [beaucoup moins que]lancer des enquetes sur toutes les entreprises liees aux Etats-Unis[beaucoup plus grand que]; ce qui n'est d'aucune utilite puisqu'il finira incontestablement par [beaucoup moins que] donner raison a Trump[beaucoup plus grand que].
[beaucoup moins que] Pour taxer au maximum les medicaments de confort, on doit s'assurer de l'existence d'une production locale suffisante de produits de base [beaucoup plus grand que], a-t-il indique.
Brigade specialisee Le candidat a aussi reagi a la proposition de Sarkozy de taxer les exiles fiscaux, une mesure plebiscitee a gauche et qu'il avait lui-meme imaginee sans toutefois la retenir dans son projet.
Kulongoski saw his lead in the polls nearly evaporate after he came out in reluctant support of the legislative referral, and Mannix seized the opportunity to define him as a big taxer.
Joe Barton (R-Tex.) noted the irony that with all the concern about freeing the Internet from taxes, by far the biggest taxer of the Internet and online services, the federal government, is not covered by the bill.