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Society, General Knowledge for Vocational Schools (ABU), Vocabulary, Chapter 8

Vocabulary, Chapter 8

Vocabulary, Chapter 8

Set of flashcards Details

Flashcards 31
Language English
Category English
Level Vocational School
Created / Updated 02.05.2018 / 02.05.2018
Licencing Not defined
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political economic purpose

purpose of taxation that serves to steer production and consumption (tobacco tax, customs)


guidelines, for instance, for filling out one's tax returns

withholding tax

that part of an employee's tax liability withheld by the employer from wages or salary and paid directly to the government, in Switzerland it is 35% and used to deter tax evasion


something such as money or property that a person or entity owns


request for postponing a claim that is due

tax competition

competition between different locations on the basis of diverging tax burdens

tax assessment

examination of tax returns to determine the definitive tax burden

fiscal sovereignty

the right to levy taxes