Tax Rate

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Tax Rate

 

the amount of tax levied per unit of taxation, for example, per hectare of land or per ruble of income.

The tax rate expresses the norm of tax collection and is set by legislation. Tax rates may be fixed, proportional, progressive, and regressive. Fixed tax rates are established as an absolute sum per unit or object taxed, regardless of the amount of income, and are ordinarily used in taxing small plots of land. In the USSR, fixed rates are applied in collecting the agricultural tax on the private plots of kolkhoz members. Proportional tax rates are set at a definite percentage of income, regardless of the total amount. In the USSR, for example, proportional rates are used to levy an income tax on the income earned by consumer cooperative societies.

Progressive tax rates increase as the amount of taxable income increases. A distinction is made between simple and complex, or sliding, progressions. Under a simple progression, the rate increases with the amount of taxable income and is applied to the total amount of income or total value of the object being taxed. Under a complex progression, the rate increases only for the portion valued in excess of a predetermined preceding step. Progressive rates are used primarily in the levying of income taxes on the populace of the USSR and foreign countries.

Regressive tax rates diminish as the amount of income increases. Regressive taxation is clearly seen in the mechanism of indirect taxes on consumer goods that exists in every capitalist country. Under capitalism, special tax rates are frequently used to give certain advantages to large companies and corporations.

G. L. MAR’IAKHIN

References in periodicals archive ?
He added that strong demand from leisure visitors continued to provide a solid demand base for four and five star hotels, with a 11.3% increase in ARR within the segment driving average rate growth across the market.
While banks showed more appealing mortgage rates, CUs had stronger average rates on home equity lines and second mortgages at 4.61% compared to 5.57% at banks.
Also ranked high among the 50 states is the New York average rate of $1,083 and Connecticut at $991, according to the listing.
Speaking at a recent hospitality panel at an Association of Real Estate Women luncheon, Bjorn Hanson, global leader of Hospitality & Leisure at PricewaterhouseCoopers, said rates have increased by 15% and revenue is up about 19%, with hotels seeing an average rate of $220 per night.
Over a 12-month period including June 2001, lowest average rates were registered in the United Kingdom (1%), Sweden and France (1.9% each).
will increase average rates by 40 yen in the same period, and Toho Gas Co.
Average rates reached 8.7%, nearly equaling the record high of 8.9% reported in 1996, according to results from THE LICENSING LETTER's Annual Business Survey (see charts at left).
Nearly all members who responded indicated that - despite the questionable policy decision to exclude noninterest bearing liabilities from the denominator of the interest rate determination and the corresponding increase in the rate of interest capitalization - their weighted average rates approached, but did not exceed, the long-term AFR.(2) Indeed, one very large multinational corporation indicated that it could support a long-term AFR surrogate rate, even though such a rate would impose a temporary penalty, but that member's support evaporated at the suggestion of "AFR plus."
Nationwide average rates for that quarter were virtually identical with those a year earlier.
General liability started out 2018 in January and February with lower average rates than 2017, 0.44% higher from March through the remainder of 2018 across the same period of time the year prior.
The 7-day and 14-day term deposit facility (TDF) attracted higher average rates this week - post Holy Week break - with banks oversubscribing the shorter TDF.
"Average rates settled below secondary market trading levels amid healthy demand for shortterm debt instruments," the Treasury said in a statement.

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