supertax


Also found in: Dictionary, Thesaurus, Legal, Financial, Wikipedia.

supertax

a tax levied in addition to the basic tax, esp a graduated surtax on incomes above a certain level
References in periodicals archive ?
There is no specific requirement that C provide a copy of the SuperTax file.
See Brooke Masters et al., Supertax Pulls in 2.5bn [pounds sterling] for UK Treasury, Financial Times (London), Mar.
Slapping down members' demands for mine nationalisation, the seizure of white-owned farms and a supertax on business, party leaders railroaded through a distinctly pro-business message.
I'll continue to love the French and this public that I have shared so much emotion with." Hollande is pressing ahead too with plans to impose a 75% supertax on income over 1 million euros.
Australian corporations have exploited concerns about economic recession by claiming, as they did for Rudd's proposed supertax on mining, that they will leave the country if the C[O.sub.2]-equivalent tax is introduced.
Tanzania's Finance Minister Mustafa Mkulo is contemplating imposing a supertax on profits in furtherance of its five-year development plan, as the country looks to increase tax revenues from 15% to 19% of GDP.
Bankers furious at UK bonus supertax. Financial Times, 9 December.
He said the current arrangements amount to a "supertax" on some of the worst off in society, often meaning that some people would be taxed on the first eight or nine hours of the first ten hours they work, providing little incentive to work.
Now that he's softened business up to the idea of a bonus supertax he should impose it on any company which gives its directors proportionately more than they give to their employees.
Bankers have been hit with a 50 per cent supertax on bonuses over pounds 25,000, which isn't half the punishment they deserve for the misery they've caused.
The centrepiece of the package looked to be the widely-leaked proposals for a one-off windfall "supertax" on banks' bonus pools, intended to recoup some of the billions spent shoring up the financial system.
Income tax and death duties were both raised and a new supertax at sixpence in the pound levied on the amount by which incomes above 5,000 [pounds sterling] a year (equivalent to more than 350,000 [pounds sterling] today) exceeded 3,000 [pounds sterling].