negative tax


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negative tax

n
(Economics) a payment by the State to a person with a low income, the magnitude of the payment increasing as the income decreases. It is regarded as a form of social welfare. Also called: negative income tax
References in periodicals archive ?
M2 EQUITYBITES-October 13, 2017-Hoist Finance's subsidiary receives negative tax ruling of SEK44m
NORDIC BUSINESS REPORT-October 13, 2017-Hoist Finance's subsidiary receives negative tax ruling of SEK44m
Since it is mathematically possible for cumulative cost of insurance charges to exceed cumulative premiums, can a policy have a negative tax basis?
For buyers, the structure will likely result in the easy transfer of all of the target corporation's business contracts and agreements and registrations and licenses, but proper planning needs to take place to avoid the potential negative tax consequences and complexities of a taxable stock purchase.
Mr Mundell said, "As we have seen recently with job losses and now a negative tax balance, the Scottish oil and gas sector faces real challenges.
The data also reveal that some states enjoy a net negative tax price for their publicly provided goods and services, which is exhibited whenever the tax-price curve has a negative slope between states.
For instance, how can we explain a participant choosing to withdraw funds from a defined contribution account to pay near-term expenses, when he will face such negative tax and retirement readiness implications?
Furthermore, the election to include the income on the parents' return may have negative tax consequences.
Additionally, partners can have negative tax capital accounts as a result of receiving depreciation deductions and cash distributions over the years.
Because of the design of annuities, withdrawing advisor fees from the basic VA contracts can generate negative tax consequences for clients.
8% YoY, which shows that the economy has mostly absorbed the negative tax shock.
On the other end of the scale, those on incapacity benefit, housing or jobseeker's allowance could be placed on a benefit called the negative tax rebate.