Tag: taxes
Incentive Fee
Definition of an Incentive Fee
An incentive fee, also known as a performance fee, is a fee which a client fund may be charged by...
Import Duty
Import Duty What is an 'Import Duty ' Import duty is a tax collected on imports and some exports by the...
National Insurance Contributions (NIC)
What are National Insurance Contributions (NIC)?
National Insurance contributions (NIC) are payments made by employees and employers into the National Insurance scheme. The money is...
Nanny Tax
DefinitionThe combination of payroll taxes withheld from a household employee and the employment taxes paid by their employer are commonly referred to as the...
Offer In Compromise
DefinitionThe Offer in Compromise program, in the United States, is an Internal Revenue Service program under which allows qualified individuals with an unpaid tax...
Offsetting Transaction
What is an 'Offsetting Transaction' In trading, an activity that exactly cancels the risks and benefits of another instrument in the portfolio....
Old-Age And Survivors Insurance Trust Fund
What is 'Old-Age and Survivors Insurance (OASI) Trust Fund' One of the two trust funds managed by the Social Security Administration, the...
Offshore Portfolio Investment Strategy (OPIS)
What is 'Offshore Portfolio Investment Strategy - OPIS' A tax shelter product designed to create large, seemingly real losses to be used...
Master Limited Partnership
What is a Master Limited Partnership
A master limited partnership (MLP) is a type of business partnership that is publicly traded on a stock exchange....
Ability-To-Pay Taxation
What is 'Ability-To-Pay Taxation' Ability-to-pay taxation is a progressive taxation principle that maintains that taxes should be levied according a taxpayer's ability...