Taxtionary: Infographics of Tax Vocabulary Words

Taxtionary: Infographics of Tax Vocabulary Words

Welcome to the Taxtionary

Welcome to the SalesFactor.org Taxtionary page, the one stop spot for clearly defined info-graphics of tax vocabulary. Feel free to share these graphics, but please do provide attribution to SalesFactor.org.

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Offshore Deferral:

1. the ability of U.S. multinational companies to avoid paying U.S. taxes on overseas profits through a potentially infinite delay of returning those profits to the U.S.

offshore-deferral

Transfer Pricing:

  1. a corporation choosing how much it will charge itself for goods and services it sells across a national border.

Tax Haven:

  1. a foreign county or corporation used to avoid or reduce income taxes, especially by investors from another country.

Tax Avoidance vs. Tax Evasion:

  1. tax avoidance is the use of quasi-legal methods to modify a corporations financial situation to lower the amount of income tax liability.
  2. tax evasion is the use if illegal methods to modify an individuals or corporations financial situation to lower the amount of income tax liability.

Tax Avoidance vs. Tax Evasion: 1) tax avoidance is the use of quasi-legal methods to modify a corporations financial situation to lower the amount of income tax liability. 2) tax evasion is the use if illegal methods to modify an individuals or corporations financial situation to lower the amount of income tax liability.

Race to the Bottom:

  1. the downward trajectory of tax rates when countries lower rates as the primary way to attract corporate money/investment.

Race to the Bottom: the downward trajectory of tax rates when countries lower rates as the primary way to attract corporate money/investment.