tax evasion - ways of illegally paying less tax than you should, tax haven - a place where people pay less tax than they would pay if they lived in their own country, tax allowance - the amount of income on which you do not have to pay tax, progressive tax - a tax in which the rate of tax is higher on larger amounts of money, non-compliance - the fact of not obeying a rule or law, impose - to officially force a rule, tax, punishment, etc. to be obeyed or received, legal entity - a company or organization that has legal rights and responsibilities, for example the right to make contracts and the responsibility to pay debts, taxation - the system of taxing people, flat percentage rate - a tax that is the same for everyone, value added tax - a consumption tax on goods and services that is levied at each stage of the supply chain where value is added, from initial production to the point of sale, payroll tax - a tax paid on the wages and salaries of employees to finance social insurance programs healthcare, and unemployment insurance, inheritance tax - a tax paid on the value of the property, money, and other assets of someone who has died, tax liability - an amount of tax that a person or business must pay, tax return - a form that some people must fill in to give information about how much they have earned in a year, deduction - an amount that is taken away from the money you are paid before you officially receive it, mortgage - an agreement that allows you to borrow money from a bank or similar organization, especially in order to buy a house, or the amount of money itself, tax authority - an organization with official responsibility for collecting taxes, tax refund - a payment made to a taxpayer for any excess amount paid in taxes to the federal or state government, interest - money that is charged by a bank or other financial organization for borrowing money, insurance - an agreement in which you pay a company money and they pay your costs if you have an accident, injury,

Taxes - definitions

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