A tax levied as a fixed sum on each physical unit of the good taxed, regardless of its price.
Definition and meaning of the standard rate in the context of UK income tax
Understanding Stock Appreciation in Economics
An explanation of tax allowance, its importance, and implications in economic theory and practice.
The determination of the amount of tax any individual or company is liable to pay.
Arranging one’s affairs to reduce the amount of tax that has to be paid. Provides a contrast between legal tax avoidance and illegal tax evasion, and discusses related concepts such as the General Anti-Avoidance Rule.
The set of incomes and transactions on which direct and indirect taxes are levied.
The economics term 'tax burden' refers to the total cost plus additional expenses imposed on the economy due to the imposition of taxes.
A comprehensive entry on the concept of tax evasion in economics.
A country providing foreign residents opportunities for legal and illegal tax reduction strategies.
A limited period of tax-free operation, or of specially reduced taxation, used to stimulate investment.
An entry explaining the concept and mechanism of tax refunds, including the conditions under which they apply and historical context.
Overview of tax relief, a provision in the tax code that reduces tax liability based on characteristics or actions of the taxpayer.
The process of transferring the burden of a tax from one economic agent to another.
The value that determines the limit of tax-free activity in income and other tax systems.
The portion of an individual's or corporation's income subject to taxation.
A comprehensive entry explaining the concept, implications, and comparative analysis of turnover tax in economics.
A comprehensive entry on the value-added tax (VAT), its meaning, historical context, definitions, analytical frameworks, and related concepts.
The procedure whereby firms are added to the value-added tax (VAT) register.
A report documenting a firm’s sales of goods and services subject to value-added tax (VAT), required from firms registered for VAT.
Vertical equity refers to the principle that people in more advantageous positions should contribute more to society, particularly in the context of taxation.
An entry defining wealth tax and exploring its implications in economics.
A tax levied at a standard rate on all receipts of income from wages or dividends, regardless of the individual’s tax liability.
Definition and meaning of zero-rated goods and services in the VAT system
