tax rate

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tax rate

n
(Economics) the percentage of income, wealth, etc, assessed as payable in taxation
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.tax rate - rate used to calculate tax liability
charge per unit, rate - amount of a charge or payment relative to some basis; "a 10-minute phone call at that rate would cost $5"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
He said average tax rate in Pakistan is 10 to 12 percent, which is one of the lowest in the world and therefore not acceptable.
Shaikh said that the average tax rate of Pakistan is 11-12 per cent, which is "one of the lowest in the world and is not acceptable".
Addressing a press conference a day after the government announced the budget, Shaikh said that the average tax rate of Pakistan is 11-12 per cent, which is "one of the lowest in the world and is not acceptable".
'The average tax rate of Pakistan is 11-12 per cent, which is one of the lowest in the world and is not acceptable.
Our guidance assumes an average tax rate at the high end of the long-term range of 23.5 to 25.5 percent, and average diluted shares outstanding of 87 million.
And by region, Europe has the lowest corporate tax rate at 14.48 per cent, much lower than the average tax rate in Asia (21.21 per cent), the Americas (28.03 per cent) and Africa (28.26 per cent).
For more than a decade the arrangement has allowed Google's owner, Alphabet, to enjoy an effective tax rate in the single digits on its non-US profits, about a quarter of the average tax rate in its overseas markets.
The analysis first compared the progressivity of the personal income taxes in the countries by calculating the average tax rate (ATR) within each income decile.
The PTI manifesto acknowledges that Pakistan's current tax to GDP ratio is significantly less "than the ratio required to sustain our growing fiscal expenditure and to pay-off the massive national debt accumulated over the last decade." "Further to which, our tax policies have consistently been suboptimal and as a result have led to decrease in the tax net, disproportionately higher share of indirect taxes (60%) in tax revenue, which adds to income inequality and high average tax rate of 31% for businesses and corporations." In its manifesto, the PTI had made the following promise.
"We pay the taxes that are owed and, from 2013-2017, McDonald's companies paid more than $3 billion just in corporate income taxes in the European Union with an average tax rate approaching 29 percent," McDonald's said.
The former's estimate is based on a total of salaries accounting for 35 percent of GDP with an average tax rate of 10 percent, yielding to potential taxes on salaries of $1.5 billion, while actual collection stands at $0.6 billion, leaving $0.9 billion of evasion," the report added.