tax reduction

tax reduction
A reduction of one or more tax rates.

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  • Tax Reduction Act of 1975 — The United States Tax Reduction Act of 1975 provided a 10 percent rebate on 1974 tax liability ($200 cap) and created a temporary $30 general tax credit for each taxpayer and dependent.The investment tax credit was temporarily increased to 10… …   Wikipedia

  • Tax Reduction and Simplification Act of 1977 — The Tax Reduction and Simplification Act of 1977 was passed by the 95th United States Congress and signed into law by President Jimmy Carter on May 23, 1977.It replaced the percentage standard deduction and minimum standard deduction with a… …   Wikipedia

  • Tax Reduction Strategy — A source of competitive advantage that depends on differences in the tax rates imposed in different locations. Bloomberg Financial Dictionary …   Financial and business terms

  • Excise Tax Reduction Act of 1954 — The United States Excise Tax Reduction Act of 1954 actually temporarily extended the 1951 excise tax increases (through March 31, 1955), but also reduced excise tax rates on, among other things, telephones, admissions, and jewelry …   Wikipedia

  • Tax avoidance and tax evasion — Tax avoidance is the legal utilization of the tax regime to one s own advantage, in order to reduce the amount of tax that is payable by means that are within the law. By contrast tax evasion is the general term for efforts to not pay taxes by… …   Wikipedia

  • reduction — re‧duc‧tion [rɪˈdʌkʆn] noun FINANCE 1. [countable, uncountable] when prices, costs etc become lower or are made lower: • Our winter sale includes many price reductions. • We can make a reduction (= sell something more cheaply …   Financial and business terms

  • Tax noncompliance — Taxation An aspect of fiscal policy …   Wikipedia

  • Tax Increase Prevention and Reconciliation Act of 2005 — The Tax Increase Prevention and Reconciliation Act of 2005 (or TIPRA, USPL|109|222, USStat|120|345) was enacted on May 17, 2006. This bill prevents several tax provisions from sunseting in the near future. The two most notable pieces of the bill… …   Wikipedia

  • Tax Holiday — A government incentive program that offers a tax reduction or elimination to businesses. Tax holidays are often used to reduce sales taxes by local governments, but they are also commonly used by governments in developing countries to help… …   Investment dictionary

  • Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 — Effective (Various dates for different provisions) Citations Public Law Public Law 111 312 Stat …   Wikipedia

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