Tag: government
Tax Evasion
DefinitionTax evasion is the illegal evasion of taxes by individuals, corporations, and trusts. Tax evasion often entails taxpayers deliberately misrepresenting the true state of...
Tax Court
What is 'Tax Court' A specialized court of law that hears and adjudicates tax-related disputes and issues. The tax court in the...
Par Value
DefinitionPar value, in finance and accounting, means stated value or face value. From this come the expressions at par, over par and under par....
Tax Exempt
What is tax exempt status
Tax-exempt status is a designation given by the Internal Revenue Service (IRS) to organizations that meet certain criteria. To be...
Tax Drag
What is 'Tax Drag' The reduction of potential income due to taxes. Drag describes the loss in returns owing to taxation, usually...
Tax Expense
DefinitionA company's tax expense, or tax charge, is the income before tax multiplied by the appropriate tax rate. Generally, companies report income before tax...
Taking The Street
What is 'Taking The Street' A slang phrase referring to the hedge fund tactic of buying large amounts of a particular stock...
Tax Anticipation Bill (TAB)
What is a TAB and what are its benefits
A Tax Anticipation Bill, or TAB, is a type of loan that allows taxpayers to borrow...
Tax Benefit
What is a 'Tax Benefit' A tax benefit is an allowable deduction on a tax return intended to reduce a taxpayer's burden...
Tax Efficiency
Definition
A financial process is said to be tax efficient if it is taxed at a lower rate than an alternative financial process that achieves...