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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
This ruling provides a change for advisers who may have steered away from fee-based annuities due to potential negative tax consequences.
TSS: What are the most significant positive and negative tax changes that took place during this election term in Slovakia?
It added the sale of the two divisions would trigger regulatory risks and negative tax consequences.
The mini-budget has proven to be negative tax effort, an exercise to grant numerous concessions for businesses, incentives for investment as well as providing ease for non-filers.
The memo is reported to have said: "Trust would likely be lost if an honour was awarded to someone with negative tax behaviours.
As for the negative tax regime, the paper says that supply of fresh milk and its products has been zero-rated for sales tax since 2006.
However, employers must exercise diligence in maintaining these plans, as there are hefty negative tax consequences for violating the requirements.
Negative tax rate last year, although Exxon has paid 33 percent in other years
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?