Tooltip Categories: Economics & Finance

tax domicile

A place that a government levying a tax considers to be somebody’s home. (source: http://www.qfinance.com/dictionary/tax-domicile)

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tax evasion

Unlawful attempt to minimize tax liability through fraudulent techniques to circumvent or frustrate tax laws, such as deliberate under-statement of taxable income or willful non-payment

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tax adviser

Financial expert especially trained in tax law who gives advice on tax issues and problems.

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tax amnesty

An opportunity afforded to a tax payer to rectify errors or omissions in past tax years or returns. (source: http://www.duhaime.org/LegalDictionary/T/TaxAmnesty.aspx)

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tax authorities

An organization with official responsibility for collecting taxes. (source: http://dictionary.cambridge.org/dictionary/business-english/tax-authority)

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tax base

The sum of taxable activities, collective value of real estate, and assets subject to tax within a community. (source: http://www.investorwords.com/4885/tax_base.html)

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tax benefits

Allowable deduction on a tax return intended to reduce a taxpayer’s burden while typically supporting certain types of commercial activity. (read more: http://www.investopedia.com/terms/t/tax-benefit.asp)

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tangible personal property

Movable, touchable assets of an individual. Tangible assets include vehicles, jewelry, furniture, art, etc. Real estate is not considered tangible property. (source: http://www.businessdictionary.com/definition/tangible-personal-property.html)

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target audience

A group of customers that the business has decided to aim its marketing efforts and ultimately its merchandise. A well-defined target market is the first

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tax

A financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state

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