tax evasion - You hear about a local businessman who hides part of his income so he doesn’t have to pay taxes., tax liability - At the end of the year, your accountant tells you how much money you must pay to the government., withhold - A freelance worker is shocked to see less money on their bank account because the client refuses to pay the whole sum being dissatisfied with the service. , tax reporting - It’s April, and you must prepare a declaration of your income and expenses for the tax office., tax rate - Two countries have very different percentages of income tax: one is 10%, the other is 40%. Which place would you prefer to work in, and why?, tax incentive - The government gives companies a lower tax if they use eco-friendly technologies., revenue collection - A city government uses money from taxes to build roads and schools., tax compliance - A small business owner carefully follows all tax rules and deadlines., penalty - Mr. Johnes forgot to file his tax return and now must pay extra money to the government., tax avoidance - A multinational company legally uses loopholes to pay less tax.,

ESP 4

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