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Amelie Posted 21 years ago
Vocabulary
Is anyone good at business? ;-)
I would be greatful if anyone could give me explanation of a term 'tax benefit'
is it an advantage /privilege/ or it has got some specific difinition?
is it an advantage /privilege/ or it has got some specific difinition?
Top answer
' Tax benefits-- usually seen in the form of a calculated reduction in the amount of Income Tax Payable-- are in fact offered for many societal reasons; here are some examples: (1) Council Tax Benefit reduces the amount of council tax payable for people on a low income. Any benefit awarded is credited directly to the council tax account. Housing and Council Tax Benefit are national welfare benefits which help people on a low income pay their rent and Council Tax liability (2) The Canada Child Tax Benefit (CCTB) is a tax-free monthly payment made to eligible families to help them with the cost of raising children under the age of 18.
- ' Tax benefits-- usually seen in the form of a calculated reduction in the amount of Income Tax Payable-- are in fact offered for many societal reasons; here are some examples: (1) Council Tax Benefit reduces the amount of council tax payable for people on a low income.
- Any benefit awarded is credited directly to the council tax account.
- Housing and Council Tax Benefit are national welfare benefits which help people on a low income pay their rent and Council Tax liability (2) The Canada Child Tax Benefit (CCTB) is a tax-free monthly payment made to eligible families to help them with the cost of raising children under the age of 18.
- (3) The Missouri State Historic Tax Credit provides an incentive for the redevelopment of commercial and residential historic structures.
- The tax credit is equal to 25% of the eligible costs and expenses of renovation.
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5 Answers
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'TAX BENEFIT Definition: [n] a tax deduction that is granted in order to encourage a particular type of commercial activity.'
Tax benefits-- usually seen in the form of a calculated reduction in the amount of Income Tax Payable-- are in fact offered for many societal reasons; here are some examples:
(1) Council Tax Benefit reduces the amount of council tax payable for p
Tax benefits-- usually seen in the form of a calculated reduction in the amount of Income Tax Payable-- are in fact offered for many societal reasons; here are some examples:
(1) Council Tax Benefit reduces the amount of council tax payable for p
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Thank you very much!
I suppose you got this definition from a dictionary of business terms, didn't you?
Could you give me a link to a website where I can look for other words?
I suppose you got this definition from a dictionary of business terms, didn't you?
Could you give me a link to a website where I can look for other words?
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No, I took the information from five different websites by googling 'tax benefits'. Googling is an easy method for information search of which many do not take advantage. A good bit of my 'work' here is doing the googling for others.
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I tried to use google.ru but it wasn't successful. Perhaps I am not good at English enough...
By the way I knew this expression 'to get tax benefit', and yesterday during English lesson I said about it. But nobody believed me, because they opened a Russian-English dictionary and found other words like 'advantage' and 'privilege'. So I needed the definition for to prove that i was right
By the way I knew this expression 'to get tax benefit', and yesterday during English lesson I said about it. But nobody believed me, because they opened a Russian-English dictionary and found other words like 'advantage' and 'privilege'. So I needed the definition for to prove that i was right
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Well, I am glad that you can now prove your point, Amelie. Googling takes a bit of patience and experiment with the proper phrase to search. I generally get best results from 'exact phrase' in 'Advanced Search'.
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