Define tax base

A tax base is the total amount of assets or revenue that a government can tax. How is a Tax Basis Calculated? Tax base definition : the assessed value of the taxable property, assets , and income within a specific tax.

Meaning, pronunciation, translations and examples. Measure upon which the assessment or determination of tax liability is based. For example, taxable income is the tax base for income tax and assessed value is . It can also be defined as . Tax base refers to the total income (including salary, income from investments, asset etc) that can be taxed by a taxing authority and is thus used to calculate tax. If population growth slows in one city or suburb and shifts to another area, the tax bases of the different areas also change.

The area people are leaving will see its. A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a. The legal definition , and the economic definition of taxes differ in some ways such as economists do not. Rates of tax and the taxable base for corporations may differ from those for individuals or for other taxable persons. The concept is used to derive the tax income of a . The thing or amount to which a tax rate applies. To collect INCOME TAX, for example, you need a meaningful definition of INCOME.

TMi3uo for more info. The comprehensive income tax base depends on an acceptable, comprehen- sive definition of income. The income definition used by Haig and Simons. The resources that are available for taxation. An evaluation of the tax base is of particular importance in certain municipal bond issues secured by tax revenues.

Broadening the tax base simply means subjecting more gross income to taxation by eliminating or curbing tax expenditures such as deductions . Although the tax base can be defined in a great variety of ways, corporate . Defining these categories in the system of a common consolidated corporate tax base should include a set of common rules for calculating the corporate tax base ,. The broader (narrower) the tax base —i. The re-launch of the common consolidated corporate tax base. The introduction of an interest limitation rule means that financial costs would . We assume that Alpha does not enjoy rents: this means that. Tax Base (CCCTB)based on formulary apportionment, with a decision.

As from theoretical construct and empirical literature, i have found that tax base is defined as - tax revenue divided by tax rates. Business operates internationally, so governments.