}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_mpuslot_flex' }}, DEFERRED INCOME  -- Term used to describe income which will be realized at a future date, thus delaying any tax liability. The manufactured goods are resold to the parent for distribution to ultimate consumers. { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, For example, under tax treaties, reduced withholding tax rates often apply to dividends, interest and royalties. PAYROLL TAX  -- Tax charged on an employer's payroll (i.e. OVERHEAD EXPENSES  -- The general expenses of a business as opposed to the direct cost of producing a good or service. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_mpuslot1' }}]}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_mpuslot' }}, { bidder: 'sovrn', params: { tagid: '446381' }}, These are financial instruments whose values are linked to or depend on the value of a primary (underlying) asset, e.g. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776338', position: 'btf' }}, tax meaning: 1. SOAK-UP TAX  -- Tax or levy which is conditioned on the availability of a foreign tax credit in another country. SECURITIES  -- Documents providing evidence of a share in the capital of a company (e.g. { bidder: 'ix', params: { siteId: '195453', size: [320, 100] }}, { bidder: 'sovrn', params: { tagid: '448839' }}, { bidder: 'ix', params: { siteId: '195455', size: [300, 250] }}, { bidder: 'ix', params: { siteId: '195452', size: [300, 250] }}, Tax definition: Tax is an amount of money that you have to pay to the government so that it can pay for... | Meaning, pronunciation, translations and examples all manner of intellectual property. NOTICE OF ASSESSMENT  -- The written decision of the tax authorities after a review of a taxpayer's return, whereby the amount of taxable income is determined and the amount of tax due is calculated. { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, CUSTOMS DUTIES -- Taxes on goods imported into a country. "noPingback": true, if(refreshConfig.enabled == true) BRANCH  -- Division, office or other unit of business located at a different location from the main office or headquarters. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_mpuslot' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776146', position: 'btf' }}, { bidder: 'ix', params: { siteId: '195464', size: [300, 600] }}, CUP METHOD -- Comparable uncontrolled price method “Tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, } OECD MODEL TAX TREATY  -- See: Model tax treaty {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/2863368/leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600], [300, 600]] } }, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, NON-RESIDENT  -- Broadly speaking, a person who spends most of the calendar year outside his country of domicile. 2. {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, Where a country grants tax incentives to encourage foreign investment and that company is a resident of another country with which a tax treaty has been concluded, the other country may give a credit against its own tax for the tax which the company would have paid if the tax had not been "spared (i.e. Absentee Ballot vs. Mail-In Ballot: Is There A Difference? taxpayers who earn the same amount of income or capital should be accorded equal treatment. That is one reason our taxes are so high. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, In US, the taxable income of a multistate corporation may be apportioned to a specific state only if the corporation has a sufficient nexus in the state. INDEPENDENT PERSONAL SERVICES  -- Services performed by an independent contractor. FRINGE BENEFITS  -- Benefits supplementing normal wages or salaries. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, name: "pubCommonId", { bidder: 'sovrn', params: { tagid: '705055' }}, COMMODITIES FUTURES -- Contracts, traded on recognized futures markets, in which sellers promise to deliver a given commodity by a certain date at a predetermined price. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, The cost of general services such as management, administrative and similar services may be often allocated among the various members of the group without any profit mark-up, whereas services performed in the ordinary course of business are subject to arm's length conditions. pbjsCfg = { BALANCING PAYMENT  -- A payment, normally from one or more participants to another, to adjust participants’ proportionate shares of contributions, that increases the value of the contributions of the payer and decreases the value of the contributions of the payee by the amount of the payment, in the context of CCA (Cost Contribution Arrangements). TAX SHELTER  --  (1) An opportunity to use, quite legitimately, a relief or exemption from tax to pay less tax than one might otherwise have to pay in respect of similar activities, or the deferment of tax. ga('set', 'dimension3', "combinationPanel"); FORMULATORY APPROACH  -- See: Unitary tax system Information may only be used for tax purposes in the receiving country and it must be kept confidential, i.e. REPATRIATION  -- Individuals and legal entities investing their capital in a foreign country in order to derive income from such capital may wish to transfer this capital or income back to their home country, i.e. However, the definitions vary according to country and situation. { TAX BASIS  -- Term used in the US to refer to an amount that represents the taxpayer's investment in an asset. BUY-OUT PAYMENT -- Compensation that a participant who withdraws from an already active CCA may receive from the remaining participants for an effective transfer of its interests in the results of past CCA activities. EFFECTIVE TAX RATE -- The rate at which a taxpayer would be taxed if his tax liability were taxed at a constant rate rather than progressively. It denotes a centre of activity of a fixed or permanent character from which such services can be carried out such as a physician's consulting room. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_mpuslot3' }}]}]; },{ The right to purchase or sell a stock at a specified price within a stated period (2). Generally speaking, two approaches are taken to foreign tax relief, i.e. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, INTER ALIA  -- Latin for "among other things" physicians, lawyers, accountants, etc.) n. a governmental assessment (charge) upon property value, transactions (transfers and sales), licenses granting a right, and/or income. LONG-TERM CAPITAL GAINS  -- In countries where capital gains are subject to special tax treatment, a distinction may be made between capital gains realized after a short period of time and capital gains realized after a longer period of time. { bidder: 'openx', params: { unit: '539971067', delDomain: 'idm-d.openx.net' }}, {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, { bidder: 'ix', params: { siteId: '195455', size: [320, 50] }}, STOCK EXCHANGE TURNOVER TAX  -- Tax levied on the sale of securities on the stock exchange market. { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, SECTION 482 WHITE PAPER  -- Study of intercompany pricing transactions made by the Office of International Tax Counsel at the US Treasury Department which presented a new methodology to govern transactions involving the sale, licensing or transfer of intangible property, published in 1988. raw land). This convention contains generally accepted rules applying to tax treaties, the conclusion of treaties, their observance, application and interpretation, etc.. The term usually refers to net working capital, that is, current asset minus current liabilities. { bidder: 'ix', params: { siteId: '195455', size: [300, 250] }}, due but not yet paid) is often referred to as a "delinquent" tax in North American parlance. { bidder: 'appnexus', params: { placementId: '11654157' }}, SERVICE COMPANY  -- Company within a multinational group of companies which generally provides support services, such as administration, sales information, post-sales service or market research, for the operating divisions of the group. name: "pbjs-unifiedid", STRIPPED BOND  -- Bond or debenture from which the interest coupons have been removed and sold separately. EXCISE TAX  -- A tax imposed on an act, occupation, privilege, manufacture, sale, or consumption. { bidder: 'appnexus', params: { placementId: '11654150' }}, {code: 'ad_rightslot2', pubstack: { adUnitName: 'cdo_rightslot2', adUnitPath: '/2863368/rightslot2' }, mediaTypes: { banner: { sizes: [[300, 250], [120, 600], [160, 600]] } },