What does tax system mean?
Definitions for tax system
tax sys·tem
This dictionary definitions page includes all the possible meanings, example usage and translations of the word tax system.
Princeton's WordNet
tax systemnoun
a legal system for assessing and collecting taxes
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tax system
A tax system is a legal arrangement or framework established by government entities, such as municipal, state, or federal governments, to finance public goods and services. It involves the process of collecting mandatory or compulsory payments or charges levied by the government on income, sales, properties, goods, and services. These collected funds are used to support government operations, infrastructure development, social services, and public works. The tax systems can vary greatly with different regulations and proportions depending on the country or region.
Editors Contribution
tax system
A type of official unity government system connected to unity government policy created to control, collate, integrate, improve, change, review and manage methodically tax law and tax legislation using accurate, defined, effective, transparent, just data, information, proof, research and statistics.
A fair, transparent, accurate and effective tax system is vital for a unity government to create, collect, change and manage tax within a country or jurisdiction
Submitted by MaryC on September 26, 2016
Matched Categories
Numerology
Chaldean Numerology
The numerical value of tax system in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of tax system in Pythagorean Numerology is: 2
Examples of tax system in a Sentence
Any manipulation of the tax system for whatever good reason, I just don't agree with, i want a completely flat tax. ... I base it on the Bible on tithing. I think God's a pretty fair guy.
Fundamentally, the global tax system isn’t working ... Large multinational companies, particularly digital companies, are able by the nature of their businesses not to pay the right tax in the right places. And that’s not fair, that’s what we’re fighting hard to fix in these negotiations. If everyone works hard over the next few days and weeks, I’m confident that we can find a good place.
I talked about 200 days because I thought the kind of agenda that we're attempting to put together here -- overhauling health care, overhauling the tax system, rebuilding our military, securing the border -- those take more than just a few months, they take a long time, at least a year.
It is possible to reduce the tax burden and to ecologize the tax system.
At a time of massive wealth and income inequality, we need a progressive tax system in this country which is based on ability to pay, it is not acceptable that a number of major profitable corporations have paid zero in federal income taxes in recent years, and that millionaire hedge fund managers often enjoy an effective tax rate which is lower than the truck drivers or nurses.
Translations for tax system
From our Multilingual Translation Dictionary
- régime fiscalFrench
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"tax system." Definitions.net. STANDS4 LLC, 2024. Web. 15 Jun 2024. <https://www.definitions.net/definition/tax+system>.
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