单词 | unitary tax |
释义 | > as lemmasunitary tax unitary tax n. U.S. a corporate tax calculated as a proportion of a company's worldwide earnings.Certain countries or states levy unitary taxes on firms or corporations operating within their jurisdiction in order to prevent tax avoidance through the transference of income to jurisdictions with lower (or no) income tax. ΚΠ 1977 Washington Post 14 Aug. a8/4 Brown is moving to alleviate concerns of multinational companies over the state's ‘unitary tax’. 1984 Miami Herald 6 Apr. 22 a/3 When the governor crawfishes out of his ill-advised unitary tax (his great tax-reform promise), the greedy ones might try to increase property taxes again. 2003 D. L. Scott Wall St. Words (ed. 3) 395 Unitary taxes are instituted by governments to foil firms that use creative accounting techniques to transfer their income to states or countries with low income-tax rates. < as lemmas |
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