tax
♦♦♦ tax /t'æks/ (taxes taxing taxed)
1 [N-VAR]
Tax is an amount of money that you have to pay to the government so that it can pay for public services.
They are calling for large spending cuts and tax increases.
...a pledge not to raise taxes on people below a certain income...
2 [VERB] be V-ed, V n, also V
When a person or company is taxed, they have to pay a part of their income or profits to the government. When goods are taxed, a percentage of their price has to be paid to the government.
Husband and wife are now taxed separately on their incomes...
The Bonn government taxes profits of corporations at a rate that is among the highest in Europe.
3 [VERB] V n
If something taxes your strength, your patience, or your resources, it uses nearly all of them, so that you have great difficulty in carrying out what you are trying to do.
Overcrowding has taxed the city's ability to deal with waste...
4
see also taxing, council tax, income tax, value added taxair|port tax (airport taxes)
[N-VAR]
Airport tax is a tax that airline passengers have to pay in order to use an airport.
Overnight return flights cost from £349 including airport taxes.car|bon tax (carbon taxes)
[N-COUNT]
A carbon tax is a tax on the burning of fuels such as coal, gas, and oil. Its aim is to reduce the amount of carbon dioxide released into the atmosphere.cor|po|ra|tion tax
[N-UNCOUNT]
Corporation tax is a tax that companies have to pay on the profits they make. (BUSINESS)coun|cil tax
[N-UNCOUNT] also the N
In Britain, council tax is a tax that you pay to your local authority in order to pay for local services such as schools, libraries, and rubbish collection. The amount of council tax that you pay depends on the value of the house or flat where you live.de|par|ture tax (departure taxes)
[N-VAR]
Departure tax is a tax that airline passengers have to pay in order to use an airport.
Many countries charge departure tax in US dollars rather than local currency.
= airport taxdi|rect tax (direct taxes)
[N-COUNT]
A direct tax is a tax which a person or organization pays directly to the government, for example income tax.in|come tax (income taxes)
[N-VAR]
Income tax is a certain percentage of your income that you have to pay regularly to the government.in|di|rect tax (indirect taxes)
[N-COUNT]
An indirect tax is a tax on goods and services which is added to their price. Compare direct tax.in|her|it|ance tax (inheritance taxes)
[N-COUNT]
An inheritance tax is a tax which has to be paid on the money and property of someone who has died.road tax
[N-UNCOUNT]
In Britain, road tax is a tax paid every year by the owners of every motor vehicle which is being used on the roads.sales tax (sales taxes)
[N-VAR]
The sales tax on things that you buy is the amount of money that you pay to the national government, or, in the United States, to the local or state government.stealth tax (stealth taxes)
[N-COUNT]
Journalists sometimes refer to indirect taxes as stealth taxes. (BRIT JOURNALISM)
It's good that he used direct taxation rather than stealth taxes to raise the money.tax avoid|ance
[N-UNCOUNT]
Tax avoidance is the use of legal methods to pay the smallest possible amount of tax.tax break (tax breaks)
[N-COUNT]
If the government gives a tax break to a particular group of people or type of organization, it reduces the amount of tax they have to pay or changes the tax system in a way that benefits them. (mainly AM)
Today they'll consider tax breaks for businesses that create jobs in inner cities.tax cred|it (tax credits)
[N-COUNT]
A tax credit is an amount of money on which you do not have to pay tax.tax disc (tax discs)
[N-COUNT]
In Britain, a tax disc is a small round piece of paper displayed on cars and motorcycles which proves that the owner has paid road tax.tax eva|sion
[N-UNCOUNT]
Tax evasion is the crime of not paying the full amount of tax that you should pay.tax ha|ven (tax havens)
[N-COUNT]
A tax haven is a country or place which has a low rate of tax so that people choose to live there or register companies there in order to avoid paying higher tax in their own countries.tax re|lief
[N-UNCOUNT]
Tax relief is a reduction in the amount of tax that a person or company has to pay, for example because of expenses associated with their business or property.
...mortgage interest tax relief.tax re|turn (tax returns)
[N-COUNT]
A tax return is an official form that you fill in with details about your income and personal situation, so that the tax you owe can be calculated.tax shel|ter (tax shelters)
[N-COUNT]
A tax shelter is a way of arranging the finances of a business or a person so that they have to pay less tax.tax year (tax years)
[N-COUNT]
A tax year is a particular period of twelve months which is used by the government as a basis for calculating taxes and for organizing its finances and accounts. In Britain, the tax year begins on April 6th and ends on April 5th. In the United States, the tax year begins on January 1st and ends on December 31st.value-added tax
also value added tax
[N-UNCOUNT]
Value-added tax is a tax that is added to the price of goods or services. The abbreviation VAT is also used. (BRIT)with|hold|ing tax (withholding taxes)
[N-VAR]
A withholding tax is an amount of money that is taken in advance from someone's income, in order to pay some of the tax they will owe. (mainly AM BUSINESS)
1 [N-VAR]
Tax is an amount of money that you have to pay to the government so that it can pay for public services.
They are calling for large spending cuts and tax increases.
...a pledge not to raise taxes on people below a certain income...
2 [VERB] be V-ed, V n, also V
When a person or company is taxed, they have to pay a part of their income or profits to the government. When goods are taxed, a percentage of their price has to be paid to the government.
Husband and wife are now taxed separately on their incomes...
The Bonn government taxes profits of corporations at a rate that is among the highest in Europe.
3 [VERB] V n
If something taxes your strength, your patience, or your resources, it uses nearly all of them, so that you have great difficulty in carrying out what you are trying to do.
Overcrowding has taxed the city's ability to deal with waste...
4
see also taxing, council tax, income tax, value added taxair|port tax (airport taxes)
[N-VAR]
Airport tax is a tax that airline passengers have to pay in order to use an airport.
Overnight return flights cost from £349 including airport taxes.car|bon tax (carbon taxes)
[N-COUNT]
A carbon tax is a tax on the burning of fuels such as coal, gas, and oil. Its aim is to reduce the amount of carbon dioxide released into the atmosphere.cor|po|ra|tion tax
[N-UNCOUNT]
Corporation tax is a tax that companies have to pay on the profits they make. (BUSINESS)coun|cil tax
[N-UNCOUNT] also the N
In Britain, council tax is a tax that you pay to your local authority in order to pay for local services such as schools, libraries, and rubbish collection. The amount of council tax that you pay depends on the value of the house or flat where you live.de|par|ture tax (departure taxes)
[N-VAR]
Departure tax is a tax that airline passengers have to pay in order to use an airport.
Many countries charge departure tax in US dollars rather than local currency.
= airport taxdi|rect tax (direct taxes)
[N-COUNT]
A direct tax is a tax which a person or organization pays directly to the government, for example income tax.in|come tax (income taxes)
[N-VAR]
Income tax is a certain percentage of your income that you have to pay regularly to the government.in|di|rect tax (indirect taxes)
[N-COUNT]
An indirect tax is a tax on goods and services which is added to their price. Compare direct tax.in|her|it|ance tax (inheritance taxes)
[N-COUNT]
An inheritance tax is a tax which has to be paid on the money and property of someone who has died.road tax
[N-UNCOUNT]
In Britain, road tax is a tax paid every year by the owners of every motor vehicle which is being used on the roads.sales tax (sales taxes)
[N-VAR]
The sales tax on things that you buy is the amount of money that you pay to the national government, or, in the United States, to the local or state government.stealth tax (stealth taxes)
[N-COUNT]
Journalists sometimes refer to indirect taxes as stealth taxes. (BRIT JOURNALISM)
It's good that he used direct taxation rather than stealth taxes to raise the money.tax avoid|ance
[N-UNCOUNT]
Tax avoidance is the use of legal methods to pay the smallest possible amount of tax.tax break (tax breaks)
[N-COUNT]
If the government gives a tax break to a particular group of people or type of organization, it reduces the amount of tax they have to pay or changes the tax system in a way that benefits them. (mainly AM)
Today they'll consider tax breaks for businesses that create jobs in inner cities.tax cred|it (tax credits)
[N-COUNT]
A tax credit is an amount of money on which you do not have to pay tax.tax disc (tax discs)
[N-COUNT]
In Britain, a tax disc is a small round piece of paper displayed on cars and motorcycles which proves that the owner has paid road tax.tax eva|sion
[N-UNCOUNT]
Tax evasion is the crime of not paying the full amount of tax that you should pay.tax ha|ven (tax havens)
[N-COUNT]
A tax haven is a country or place which has a low rate of tax so that people choose to live there or register companies there in order to avoid paying higher tax in their own countries.tax re|lief
[N-UNCOUNT]
Tax relief is a reduction in the amount of tax that a person or company has to pay, for example because of expenses associated with their business or property.
...mortgage interest tax relief.tax re|turn (tax returns)
[N-COUNT]
A tax return is an official form that you fill in with details about your income and personal situation, so that the tax you owe can be calculated.tax shel|ter (tax shelters)
[N-COUNT]
A tax shelter is a way of arranging the finances of a business or a person so that they have to pay less tax.tax year (tax years)
[N-COUNT]
A tax year is a particular period of twelve months which is used by the government as a basis for calculating taxes and for organizing its finances and accounts. In Britain, the tax year begins on April 6th and ends on April 5th. In the United States, the tax year begins on January 1st and ends on December 31st.value-added tax
also value added tax
[N-UNCOUNT]
Value-added tax is a tax that is added to the price of goods or services. The abbreviation VAT is also used. (BRIT)with|hold|ing tax (withholding taxes)
[N-VAR]
A withholding tax is an amount of money that is taken in advance from someone's income, in order to pay some of the tax they will owe. (mainly AM BUSINESS)