- 1A compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions: higher taxes will dampen consumer spending a tax on fuel [mass noun]: they will have to pay tax on interest earned by savings [as modifier]: a tax bill [as modifier]: tax cutsMore example sentences
- It would have replaced the corporate income tax with a tax on the net return to capital for all businesses.
- All local governments in Kenya have taxing authority, including the right to levy a tax on property.
- Thus a tax on rent may represent a violation of justice while a tax on other incomes does not.
verb[with object] Back to top
- 1Impose a tax on (someone or something): the income will be taxed at the top rateMore example sentences
- Otherwise the profits are taxed at the full rate.
- This can represent a significant tax saving, compared with an ordinary share option scheme where the option is generally exempt, but the gain is taxed at income tax rates.
- Profits from unincorporated businesses are taxed at 15 percent.
- 1.1Pay tax on (something, especially a vehicle): the Land Rover slowly disintegrates and no one has bothered to tax itMore example sentences
- More than 15,000 motorists in the Bradford area face tough fines and even having their vehicles crushed if they fail to tax their cars and lorries.
- A menacing voiceover says that some people don't bother to tax their car, but that that never hurt anyone, right?
- It costs €42 a year to tax one and it is also exempt from the national car test.
- 2Make heavy demands on (someone’s powers or resources): she knew that the ordeal to come must tax all her strengthMore example sentences
- The need to properly categorize, inventory and secure the massive number of garments and shoes must have taxed their resources and creativity.
- And director Jasper Bagg takes on the title role with energy and commitment, though sometimes its sheer weight seems to be taxing his powers to the limit.
- Radeschi said the community's resources have been taxed by dealing with troubled youth.
- 3Confront (someone) with a fault or wrongdoing: why are you taxing me with these preposterous allegations?
- 4 Law Examine and assess (the costs of a case): an officer taxing a bill of costsMore example sentences
- Where the outcome of the Legal Proceedings is not a Success the Insurer shall have the right to have the Insured's Solicitor's bills taxed or assessed on the standard basis.
- It was not the case for either side that I should split the issue into parts and so resolve the position, nor was it the case that I should attempt to tax or assess the costs.
- It was decided to do this by ordering those costs to be taxed on the indemnity basis.
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- Once you have deducted your business expenses from the business income, the rest is your profit and forms part of your taxable income.
- Spanish capital gains tax is charged at 35% of what is known as the taxable gain.
- Cover depends on the level of premium paid which is capped at a maximum of 5% of taxable earnings.
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- Conventional wisdom has socialists down as high taxers and big spenders.
- For a Chancellor uniquely sensitive to barbs about his reputation as a stealth taxer, this is not an academic point.
- But isn't it in the interest of both the taxers and the taxed (you and me) to conclude longer-term deals, achieving some durability in our tax system?
Middle English (also in the sense 'estimate or determine the amount of a penalty or damages', surviving in sense 4 of the verb): from Old French taxer, from Latin taxare 'to censure, charge, compute', perhaps from Greek tassein 'fix'.