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Types of tax and taxation

back tax

noun

tax that you owed at an earlier time but did not pay

capital gains tax

noun

a tax that you pay on the profit you get from selling property or from money you have invested

capitation

noun

a tax or payment in which the same amount of money is paid by each person

carbon tax

noun

a tax on vehicles or factories that produce a lot of carbon emissions

car tax

noun

money that you pay to the government so that you can drive your car on the roads

CGT

abbreviation

capital gains tax

corporation tax

noun

a tax that companies pay on their profits

council tax

noun

a tax that you pay to your local council for services such as schools and libraries, based on the value of your house or flat

customs

noun

the taxes that you pay on goods that you bring into a country

direct tax

noun

a tax collected directly from a person or organization rather than as part of the price of a product or service

duty

noun

a tax that you must pay on something that you buy, or on something that you bring into one country from another country

excise

noun

a tax that a government charges on services used and goods sold inside its country

GST

noun

Goods and Services Tax: a tax that in some countries forms part of the price of some things that you buy

hidden tax

noun

an indirect tax

income tax

noun

a tax based on your income that you pay to the government

indirect tax

noun

a tax on goods and services rather than on income

indirect taxation

noun

the practice of taxing goods and services rather than income

inheritance tax

noun

tax that you pay on the money or property that you get from someone who has died

mansion tax

noun

a tax that has to be paid by anyone who owns or sells a house that is worth a very large amount of money

poll tax

noun

an amount of money collected as a tax from every adult citizen of a particular country

progressive tax

noun

a tax system in which people who earn a lot of money pay a larger percentage of their income in tax than people who earn less

property tax

noun

a tax that you pay based on the value of the land and buildings you own

rates

noun

a local tax that people in the UK paid before 1990. They now pay a similar tax called the council tax.

regressive tax

noun

a tax system in which poor people pay a bigger percentage of their income than rich people

road tax

noun

money that people in the UK must pay if they want to drive their vehicles on public roads

sales tax

noun

a tax that is added to the basic price of something you buy

stamp duty

noun

a tax that people in the UK pay on some official documents, especially when they are buying a house

stealth tax

noun

a hidden and unexpected way of making people pay more money to the government as the result of a new tax or an increase in a particular tax

supertax

noun

surtax

surtax

noun

an additional tax on something on which you already pay tax, especially a high income

tariff

noun

a tax that a government charges on goods that enter or leave their country

taxation

noun

the system that a government uses for collecting money from people in the form of taxes

taxation

noun

the money that a government collects from people from taxes

tithe

noun

a tax that people paid to the church in the past

value added tax

noun

VAT

VAT

noun

value added tax: a tax on goods and services

windfall tax

noun

an extra amount of tax that the government charges a company that makes a lot of money unexpectedly

withholding tax

noun

part of a person’s salary that an employer gives to the government as payment of that person’s taxes

direct taxation

noun

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