Business and Personal Finance Dictionary

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• TAX EXEMPT - Refers to income or property which is not subject to tax. Interest on Municipal bond is no...
  
  
• TAX FORECLOSURE - The process leading up to the sale of a property to pay for arrears in taxes.
  
  
• TAX FREE - See: Tax Exempt
  
  
• TAX FREE ACQUISITION - A merger or consolidation in which (1) the acquirer's tax basis on each asset wh...
  
  
• TAX HAVEN - A nation with a moderate level of taxation and/or liberal tax incentives for undertaking sp...
  
  
• TAX HAVEN AFFILIATE - A wholly owned entity in a low-tax jurisdiction that is used to channel funds to ...
  
  
• TAX HOLIDAY - A reduced tax rate that a government provides as an inducement to foreign direct investme...
  
  
• TAX HOME - Your principal place of work or post of duty. Your tax home is used for tax purposes, includ...
  
  
• TAX IMPOUND - Money paid to and held by a lender for annual tax payments.
  
  
• TAX LEVY - The amount to be raised from the general real estate tax is then imposed on property owners ...