tax

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tax

a compulsory financial contribution imposed by a government to raise revenue, levied on the income or property of persons or organizations, on the production costs or sales prices of goods and services, etc.
References in periodicals archive ?
According to the prime minister, an end must be put to all this chaos, and instead the government must work on what can be improve within the tax system. He believes that the tax system cannot be changed just so to increase budget revenue and to allocate additional financing.
He emphasized that the government should reduce human interference in the tax system besides ensuring proper documentation of economy to develop a healthy tax system on sustainable grounds and enhance revenue collections.
In a letter to the House of Representatives, State Secretary Snel announces six new investigations to simplify the tax system for citizens, companies and the Tax Authorities:
The minister said that government wanted to improve tax system in consultation with stakeholders and business community should come up with good proposals to address the drawbacks of taxation system and to streamline it for taxpayers.
When the government itself has drawing public criticism for failing to perform, the anarchical tax system has further eroded the popularity of the powerful government.
'Oftentimes when people think of equity in taxation, they focus on 'vertical equity,' or how the tax system treats people with different incomes.
The seminar was organised as part of the authority's comprehensive awareness campaign, which includes a series of workshops and seminars on the principles of the tax system and its executive and control regulations, which target the public and private sectors alike, including departments of economic affairs; advisory bodies; chambers of commerce and industry; large, medium and small companies; and all parties involved in the implementation of the tax system.
Tunisia has sent 7 letters to clarify the nature of the tax system in force in the country."
The FTA, along with the Ministry of Finance, conducted the first phase of the awareness sessions on the tax system for various business sectors and relevant stakeholders from March to May 2017, which witnessed the strong participation of more than 15,000 companies from different business sectors operating in various emirates.
The commission felt the tax system's foremost objective should be fairness--summed up in the phrase, often attributed to Carter, that "a buck is a buck"--and determined that, by this standard, the system fell short.
"The reason we have such a complex tax system is that political parties just after, then just before, a general election make promises to voters."
AAT's research showed that 74 per cent of SMEs surveyed in the Midlands think that the UK tax system is too complicated.